29 September 2005

Comparing companies making $$ in Fort McMoney - Part One (Company Profiles)

Let's examine Suncor and Enbridge, companies cited in the Maclean's and Canadian Business articles, plus the companies involved in the Syncrude Project, and a couple other big name energy plays for comparison's sake.

I'm going to break this up into two posts, this first, functional post that offers basic company profiles for reference, and a second post with numbers, math, and some stock picking. Sounds like great fun!

All company descriptions are pinched from Marketwatch.com, except when swiped from MSN Money.

C'mon, like I'd spend valuable time writing these up when I could be wasting it, using my newfangled valuation model to come up with a negative price for Suncor. That's right, my model said that Suncor owes shareholders big time. Stupid, dumb model.

Now back to being serious:

Suncor (SU)- Suncor Energy Incorporated. The Group's principal activities are to acquire, explore, produce and market crude oil and natural gas. The Group operates in three segments: Energy Marketing and Refining, Oil Sands and Natural Gas. The Energy Marketing and Refining segment refines crude oil and transports and markets finished petroleum and petrochemical products. The Oil Sands segment produces and markets light sweet and light sour crude oil, diesel fuel and various custom blends. The Natural Gas segment explores, acquires, develops, produces, transports and markets natural gas and crude oil. The Group owns mines in the Athabasca region of Alberta, natural gas facilities in Calgary and refining facilities near Toronto. The products are sold in the United States and Europe apart from Canada. On 01-Jun-2005, the Group acquired Colorado Refining Company.

Enbridge (ENB) - Enbridge Inc. The Group's principal activities are transportation and distribution of energy. The Group operates through five segments: The Liquids Pipelines segment includes the operation of common carrier and feeder pipelines that transport crude oil and other liquid hydrocarbons. The Gas Pipelines segment transports natural gas. Sponsored Investments consists of partnership investments that transports crude oil and other liquid hydrocarbons. The Gas Distribution and services segment consists of gas utility operations to serve residential, commercial, industrial and transportation customers. The International segment invests in energy transportation that provides consulting and training services related. The operations of the Group are carried out in Canada, the United States and other foreign countries. On 01-Jan-2005, the Group acquired Shell Gas Transmission LLC and 28-Mar-2005, acquired remaining 20% interest in Garden Banks Gas Pipeline, LLC.

Canadian Oil Sands Limited (COS.UN-T) - Canadian Oil Sands Trust (the Trust) is an open-ended investment trust that generates income from its oil sands investment in the Syncrude Joint Venture (Syncrude). Syncrude operates an oil sands facility and produces crude oil through the mining of oil sands from ore deposits in the Athabasca region of Northern Alberta, Canada. As of December 31, 2004, Syncrude operates in its Base, North and Aurora North mines, which represent its proved reserves of about three billion barrels. An additional undeveloped lease, referred to as Aurora South, represents substantially all of its probable reserves. Syncrude's total resource base is nine billion barrels, including the resources of other leases. Syncrude also operates bitumen extraction plants and an upgrading complex that processes bitumen into a light sweet crude oil. Syncrude is administered by Syncrude Canada Ltd. on behalf of eight joint venture owners. As of December 2004, the Trust holds the largest interest (35.49%) in Syncrude.

Imperial Oil Resources (IMO) - Imperial Oil Limited. The Group's principal activities are to provide petroleum products and explore for, produce and market crude oil and natural gas. The Group operates through three segments: Petroleum Products, Natural Resources and Chemicals. The Petroleum Products segment consists of transportation, refining and blending of crude oil and refined products and the distribution and marketing of these products. The Natural Resources segment explores and produces crude oil and natural gas, including, upgraded crude oil and crude bitumen. The Chemicals segment manufactures and markets various petrochemicals. Brand names include 'Esso'. The Group operates in Canada.

Petro-Canada (PCZ) - Petro-Canada. The Group's principal activities are to explore, develop and market crude oil and natural gas. The Group's business is divided into two sectors: Upstream sector which explores, develops, produces and markets crude oil, natural gas, natural gas liquids, sulphur and oil sands. Upstream Canada sectors includes activity in the Western Canada, East Coast Offshore, Mackenzie Delta and Alaska regions. International sector includes activity in the United Kingdom, the Netherlands, Trinidad, Venezuela, Syria, Libya, Kazakhstan, Algeria and Tunisia. Downstream sector which refines crude oil and other feedstocks and markets and distributes petroleum products and related goods and services.

Nexen (NXY) - Nexen Incorporated. The Group's principal activity is to explore, develop and produce crude oil and natural gas. The Group operates in three segments: Oil and Gas, Syncrude and Chemicals. The Oil and Gas segment includes onshore operations in Yemen and Canada and offshore in the US Gulf of Mexico. Other oil and gas operations are conducted in West Africa, Australia and Colombia. This segment also includes the Group's marketing operations, which sells its own oil and natural gas, as well as, third party oil and natural gas. The Syncrude segment includes the operations of the Syncrude Joint Venture, which develops and produces synthetic crude oil from oil sands in northern Alberta, Canada. The Chemicals segment manufactures, markets and distributes industrial chemicals, principally sodium chlorate, chlorine and caustic soda. On 01-Dec-2004, the Group acquired EnCana (U.K.) Limited.

Murphy Oil (MUR) - Murphy Oil Corporation. The Group's principal activities are to explore, produce, refine and market oil and gas. The Group's operations are classified into two segments: Exploration and Production and Refining and Marketing. Exploration and Production operations are carried out primarily in the United States, Canada, the United Kingdom, Ecuador and Malaysia and consist of exploring and producing crude oil, natural gas and natural gas liquids. Refining and Marketing operations are located in North America and the United Kingdom and consist of refining crude oil and other feedstocks into petroleum products such as gasoline and, the transportation and trading of petroleum products. The Group's production of crude oil, condensate and natural gas liquids averaged 108,000 barrels per day in 2003 from 1,040 gross Oil wells and 923 gross gas wells as of 31-Dec-2003. The Group's products are marketed under the Murphy USA (R) and SPUR(R) brandnames.

EnCana (ECA) is here for comparison's sake - Encana Corporation. The Group's principal activities are to explore, produce and market natural gas, crude oil and natural gas liquids. It operates through two segments namely: Upstream and Midstream and Marketing. Upstream focuses on the exploration, development and production of natural gas, crude oil and natural gas liquids (NGLs) and other related activities. The Midstream and Marketing division focuses on natural gas operations, NGLs processing and power generation operations. It also undertakes market optimization activities to enhance the sale of Upstream's proprietary production. The Group operates in the United States and Canada. The new venture exploration programs are focused on opportunities in Africa, South America, the Middle East and Greenland.

Halliburton (HBR) is here because Blog Hog JVL thought it mighty patriotic (and profitable) to include this internationally involved company - Halliburton Company. The Group's principal activities are to provide services, products, maintenance, engineering and construction to energy, industrial and governmental customers. It operates in five segments: Drilling and Formation Evaluation Segment involved in drilling and evaluating the formations related to bore-hole constructions. Fluids segment focuses on fluid management and technologies to assist in the drilling and construction of oil and gas wells. Product Optimization segment primarily tests, measures, and provides means to manage improve well production. Landmark and other Energy Services segment provides integrated exploration and production software information systems. Engineering and construction segment provides energy and industrial customers and government entities worldwide. The Group operates in United States, Iraq, United Kingdom and Other Countries. In August 2004, the Group sold Surface Well Test and Subsea Test Tree product and service lines.

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