AETUF Arc Energy Trust featured news, full reports, and detailed charts
Arc Energy Trust (AETUF/AETUF.PK) Wrap Up:
ARC Energy Trust operates as an open-ended investment trust in Canada. The company, through its subsidiaries, engages in the acquisition, development, and exploitation of petroleum and natural gas-related assets, oil sands interests, electricity or power generating assets and pipeline; and gathering, processing, and transportation assets. It owns interests in various properties including, Dawson, Ante Creek, Redwater, Lougheed, Jenner, Hatton, Weyburn Unit, Pouce Coupe, North Pembina Cardium Unit, and Berrymoor Cardium Unit located in the Western Canadian Sedimentary basin and in the Canadian provinces of British Columbia, Alberta, or Saskatchewan. As of December 31, 2007, ARC Energy Trust h...Arc Energy Trust (AETUF:OTC)
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Market Cap
48.7M
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Total Revenue
1.0B
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EBITDA
706.5M
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DILUTED EPS TTM
2.39
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P/E
22.1x
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P/S
10.6x
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Return On Asset
5.97
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Return On Equity
25.48
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| K = Thousands M = Millions B = Billions | ||
AETUF Top Compensated Officers
Executives, Board Directors
Key developments for Arc Energy Trust (AETUF)
ARC Energy Trust announces that the cash distribution to be paid on December 15, 2009, in respect of the November 2009 production, for unit holders of record on November 30, 2009, will be $0.10 per trust unit. The ex-distribution date is November 26, 2009. As at November 16, 2009 the Trust's trailing twelve-month cash distributions, including the November 16, 2009 payment, total $1.43 per trust unit.
ARC Energy Trust announced that its Board of Directors has approved a budget for 2010 that includes a $575 million capital expenditure program and plans for substantial growth in production each of the next three years.
ARC Energy Trust reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. Net income in the third quarter of 2009 was CAD 68.9 million CAD 0.29 per unit, a decrease of CAD 242.8 million from CAD 311.7 million or CAD 1.46 per unit in the third quarter of 2008. The net income recorded in the third quarter of 2008 reflected certain non-cash gains, as detailed below, resulting in record net income when combined with the strong commodity prices received for the quarter. Cash flow from operating activities decreased by 50% in the third quarter of 2009 to CAD 125.6 million from CAD 251.4 million in the third quarter of 2008. Capital expenditures totaled CAD 96.2 million in the third quarter of 2009 compared to CAD 137.6 million in the same period of 2008. Net income before non- controlling interest was CAD 69.6 million on total revenues of CAD 201.5 million against net income before non-controlling interest was CAD 315.7 million on total revenues of CAD 396.9 million for the same period a year ago. Comprehensive income was CAD 69.1 million against CAD 310.3 million for the same period a year ago. Acquisition of petroleum and natural gas properties was CAD 2.2 million against CAD 13.1 million for the same period a year ago. At September 30, 2009 the Trust had a net debt balance of CAD 705.4 million, approximately CAD 680 million of unused credit available and a net debt to annualized year-to-date cash flow from operating activities of 1.5 times. The company reported net income before non-controlling interest was CAD 158.9 million and net income of CAD 157.3 million or CAD 0.68 per dilute share on total revenues of CAD 597.4 million against net income before non-controlling interest was CAD 456.3 million and net income of CAD 450.3 million or CAD 2.12 per dilute share on total revenues of CAD 1,152.8 million for the same period a year ago. Comprehensive income was CAD 155.0 million against CAD 455.4 million for the same period a year ago. Year-to-date cash flow from operating activities decreased by 52% in 2009 to CAD 354.2 million from CAD 734.8 million in the comparable nine month period of 2008. The company reported acquisition of petroleum and natural gas properties was CAD 10.7 million and capital expenditures of CAD 242.9 million against CAD 23.6 million and capital expenditures of CAD 378.0 million for the same period a year ago. Full year capital expenditures are now expected to be approximately CAD 365 million, an increase of CAD 15 million over second quarter guidance as the Trust has chosen to increase capital spending in Alberta and British Columbia to take advantage of royalty incentives announced by those provinces.
AETUF Competitors
| Company | Last | Change |
| Constellation Energy Partners LLC | $3.36 USD | -0.16 |
| EV Energy Partners LP | $25.10 USD | -0.10 |
| Legacy Reserves LP | $17.13 USD | -0.10 |
| Quest Energy Partners LP | $1.84 USD | -0.07 |
| Vanguard Natural Resources LLC | $17.04 USD | -0.34 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | AETUF | Industry Range |
| Price/Earnings | 22.1x |
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| Price/Sales | 10.6x |
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| Price/Book | 5.5x |
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| Price/Cash Flow | 0.1x |
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| TEV/Sales | NM | Not Meaningful |
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AETUF |
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AETUF transactions
| Type Date |
Target |
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Merger/Acquisition
August 6, 2009 |
ARC Energy Trust, Non-Core Assets in Southeast Saskatchewan |
