| Patterson-uti energy(Nasdaq: pten) | BUY | EPS (2012) = $2.50 | Target Price (2012): $28.00 | P/E (ttm) = 8.53 | Qualitative Risk Assessment:Above Average Risk | | Report Date | March 28, 2012 | | Recent Price | $17.55 | | 52-Week Range | $15.06 – $34.09 | | 52-Week %Δ | -55.82% | | Avg. Vol. (3m) | 4.102,740 | | Shares Out. (mrq) | 183,295,000 | | Sector | Basic Materials | | Industry | Oil & Gas Drilling & Exploration | Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and gas drilling and exploration company in North America. Patterson operates within three business segments: Contract Drilling, Pressure Pumping and Oil and Natural Gas Exploration and Production.
It is also contributed to United States oil industry by seventeenth percent of produce oil, as said by (Pam Barrett pg. 43) “Oil is by far the largest of Alaska’s industries”, and (R. Warren Anderson ) “Former Secretary of the Interior Gale Norton summed up its success in 2003 that Today the pipeline produces 17 percent of our domestic petroleum. It has pumped nearly 14 billion barrels of oil and $400 billion into our economy”, it gave jobs for several thousand people, Alyeska workers and sub-contractors. The pipeline has help Alaska which is the most heavily tax state to the most tax-free state. Alaska has profit more than half of the income from the pipeline has produces and the other profit goes to the United States.
(Remember to make adjusting entries before composing income statement, and make closing entries before composing balance sheet.) a. May 1, 2010, Mr. Medford incorporated Medford Moving Co.. Medford Moving Co. issued 100,000 common shares. The par value per share is $1, and the company got $300,000 from issuing shares. b.
This company has made many strategic alliances for gasoline for testing vehicles with General Motors, Toyota and ford. Chevron is the owner of Shell in the United States and also has also a subsidiary, Chevron Shipping Company that provides maritime transport operations. According to Fortune Global 500 it is listed on the 10th place, the Financial Times Global 500 ranks it as in the 9th place and Forbes Global 2000 in the 16th place. Exxon Mobil This company evolved from a local marketer of kerosene in the U.S. to the largest publicly traded petroleum and petrochemical company in the world. The Standard Oil Company in Ohio was founded by Rockefeller and associates in the 1870.
By focusing on projects that cater to the Environment and Clean Power markets, SNC-Lavalin can not only attain large-scale growth and attract government support, but it can also strengthen its new image as an ethically compliant and socially responsible firm. Last, horizontal consolidation has been noted as an industry trend (Raymond James, 2011), but SNC-Lavalin has been moving in the opposite direction towards horizontal expansion. The company can strengthen its earnings both by following this trend, and by establishing a stronghold in those
US Steel – Andrew Carnegie sold Carnegie Steel in 1900 to a new steel corporation headed by JP Morgan US Steel. First billion dollar company, largest company in the world, owned over 3/5 of the nation’s steel industry 7. Federal Government Aid to RRs – Federal gov’t provided RR companies with huge loans and land grants (170+ acres of land), helped build a transcontinental RR during Civil War (Union Pacific + Central Pacific = Promontory Point), 4 other transcontinental RRs built. Panic of 1893 JP Morgan consolidated smaller RRs into large companies, essentially eliminated competition in RR industry 8. Andrew Carnegie and his Theories of Wealth – “Wealth” – essay arguing the wealth had a god given responsibility to care out charity to benefit society, put over $350M into support for libraries, universities, and other public institutions 9.
Barrick is currently undertaking mining and exploration projects in Papua New Guinea, the United States, Canada, Dominican Republic, Australia, Peru, Chile, Russia, South Africa, Colombia, Argentina and Tanzania. Barrick Gold Corporation has more than 27000 employees and it operates 26 mines in eight countries. Mission statement: A company’s mission statement identifies the purpose of a company’s reason for existing in the business world. * Products and services: Barrick Gold Corporation is mainly involved in gold mining, exploration and mine development, but apart from gold mining the company also produces copper, nickel development, oil and gas. * Customers: Barrick Gold Corporation is not dependent on selling gold to any individual buyer because central bank, government and other official institutions are the majority gold buyers.
BNSF Employee Sponsored Benefits Week 1 Assignment Course Project PA 599 Benefits Table of Contents Profile 3 Property and Facilities 4 Benefits Program 5 Reference: 7 Profile “BNSF Railway Company (BNSF Railway, Registrant or Company), formerly known as The Burlington Northern and Santa Fe Railway Company and prior to that, Burlington Northern Railroad Company (BNRR) was incorporated in the State of Delaware on January 13, 1961. BNSF Railway is a wholly owned subsidiary of Burlington Northern Santa Fe, LLC, and successor company to Burlington Northern Santa Fe Corporation. On February 12, 2010, Berkshire Hathaway Inc., a Delaware corporation (Berkshire), acquired 100% of the outstanding shares of Burlington Northern Santa Fe Corporation
The productive limits of the ground have not been determined, but cover more than one million acres, and this could reach two million acres, when more ground is proven. Initial production (IP) rates often exceed 1,000 barrels of oil equivalent (BOE) per day with a 90% oil and liquids mix, very styling today. The Wolfcamp is a blanket formation across the Permian Basin and acts as a source rock for much of the areas conventional oil and gas production. The Wolfcamp rock unit generally varies in thickness from 800-1,200 feet, with some areas up to 2,000 feet thick. The depth of the Wolfcamp formation varies from around 5,000 feet on the normally pressured southeastern side of the play to more than 10,000 feet in the over pressured northwest, where the play is generally considered richer in oil.
Out of those procedures over one million were produced in the United States. The first official fracking operation was completed by Halliburton Oil Well Cementing Company in Oklahoma the year of 1949. Since then, there are now 1.1 million active oil and gas wells in the United States. These numbers are alarming and are