Previously, we looked at First Solar’s (FSLR) history. The photovoltaic module manufacturer operates two business segments: Components and Systems. First Solar is a manufacturer of solar (TAN) photovoltaic (or PV)…
First Solar (FSLR) produces solar energy equipment. In this series, we’ll look at its performance and the outlook for the industry.
Since 2Q15, Whiting Petroleum’s (WLL) total debt has fallen ~38%. In 2Q17, the company’s total debt was $3.3 billion—compared to ~$5.2 billion in 2Q15.
Whiting Petroleum’s return on equity stands at about -21%. The negative return on equity is due to the company’s negative net earnings or net loss.
Whiting Petroleum’s (WLL) 2Q17 EV-to-adjusted EBITDA ratio was ~6.5x. The enterprise value is the sum of a company’s market capitalization and net debt.
In 2Q17, Whiting Petroleum (WLL) reported CFO (cash flow from operations) of ~$111 million, which is ~31% lower than its CFO in 2Q16.
Whiting Petroleum’s net debt was mostly steady at ~$5 billion in 2Q15 and 2Q16. It reported a net debt of ~$5.2 billion in 2Q15 and $4.9 billion in 2Q16.
Sanchez Energy has no major maturities until 2021, with only $300 million coming due before that.
Sanchez Energy holds more than 4,000 drilling locations on 356,000 net acres in the Eagle Ford.
One of Sanchez Energy’s (SN) key strategic initiatives in 2017 was the Comanche acquisition from Anadarko Petroleum (APC). The acquired properties included 318,000 gross operated acres with production of 67,000 barrels of oil equivalent.
Sanchez Energy’s management noted in the 2Q17 earnings release that since it closed the Comanche transaction on March 1, 2017, it was able to utilize its completion methods on the newly acquired acreage.
According to SN’s 10-K filing, the discounted value of its reserve base at the end of 2016 was ~$513.4 million.
In a September 2017 presentation, Sanchez Energy (SN) noted that it had the lowest drilling and completion cost compared to its peers, based on its 2016 results.
On August 9, 2017, Sanchez Energy’s (SN) hedge position consisted of 21,522 barrels of oil per day and 161,818 million British thermal units of natural gas per day.
Sanchez Energy’s (SN) production volumes in 2Q17 totaled 73.3 Mboepd (thousand barrels of oil equivalent per day). In comparison, its 2Q16 production volumes were 55.9 Mboepd.
There are many varieties of valuation methods available to value a coal producer like Arch Coal (ARCH). Valuing a mining company is a complex matter. Apart from the usual financing risk…
Majority of the coal (KOL) stocks began 2017 on a weak note. The stocks have not been able to recoup from the slump until now. They have been outperformed by…
Arch Coal (ARCH) has long-term coal supply agreements for their non-trading, thermal coal sales, hence managing commodity risk for thermal coal and also to a limited extent, through the use…
On June 30, 2017, the book value of Arch Coal’s (ARCH) long-term debt was about $315.6 million, of which ~$297 million is due for payment in 2024. Arch Coal’s leverage,…
From October 2 to December 31, 2016, Arch Coal (ARCH) reported adjusted EBITDAR (earnings before interest, tax, depreciation, amortization, and restructuring costs) of $94.5 million, and $87.3 million prior to…