Provident Energy Trust: Company Profile and SWOT Analysis by ICDResearch

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ICD Research's "Provident Energy Trust: Company Profile and SWOT Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, business description, financial ratios, SWOT analysis, key facts, information on products and services, details of locations and subsidiaries, plus information on key news events affecting the company.

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									Provident Energy Trust

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Provident Energy Trust                                                     Financial Snapshot

                                                                           Operating Performance
Fast Facts
                                  800 112 -4th Avenue S.W., Calgary, T2P   The company reported revenue of US$1,574.52
Headquarters Address
                                  0H3,Canada                               million during the fiscal year 2010 (2010). The
                                                                           company's revenue declined at a compounded rate of
Telephone                         + 1 403 2962233
                                                                           -5.03% during 2006–2010, with an annual growth of
                                                                           23.61% over 2009. In 2010, the company recorded an
Fax                               + 1 403 2940111                          operating margin of 3.97%, as against -2.07% in
                                                                           2009.
Website                           www.providentenergy.com

                                  PVX, New York Stock ExchangePVE,         Revenue and Margins
Ticker Symbol, Stock Exchange
                                  Toronto Stock Exchange

Number of Employees               200

Fiscal Year End                   December

Revenue (in US$ million)          1,574.52

Revenue (in CAD million)          1,621.76




SWOT Analysis
                                                                           Return on Equity
Strengths                         Weaknesses
                                                                           The company recorded a return on equity (ROE) of -
Decreased debt obligations        Limited geographical operations          1.79% for 2010, as compared to its peers, Petrobank
                                                                           Energy and Resources Ltd. (Ticker: PBG), Baytex
                                                                           Energy Trust (Ticker: BTE.UN) and Penn West
Increased operating margin        Weak liquidity position                  Energy Trust (Ticker: PWT.UN), which recorded
                                                                           ROEs of 88.48%, 20.84% and 12.97% respectively.
Strong Midstream asset base                                                The company reported a net profit margin of 3.97% in
                                                                           2010.
Opportunities                     Threats
                                                                           Return on Equity
Expansion plans                   Environmental regulations

                                  US energy policy and increasing tax
Strategic agreement
                                  burden




                                                                           Liquidity Position

                                                                           The company reported a current ratio of 0.75 in 2010,
                                                                           as compared to its peers, Petrobank Energy and
                                                                           Resources Ltd., Baytex Energy Trust and Penn West
                                                                           Energy Trust, which recorded current ratios of 0.50,
                                                                           0.74 and 0.38 respectively. As of December 2010, the
                                                                           company recorded cash and short-term investments
                                                                           of worth US$4.27 million, against US$144.64 million
                                                                           current debt. The company reported a debt to equity
                                                                           ratio of 0.81 in 2010 as compared to its peers,
                                                                           Petrobank Energy and Resources Ltd., Baytex
                                                                           Energy Trust and Penn West Energy Trust, which
                                                                           recorded debt to equity ratios of 0.62, 0.41 and 0.32
                                                                           respectively.




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Provident Energy Trust - SWOT Profile                                                                             Page 1
Provident Energy Trust

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Operational Efficiency ......................................................................................................................................13
      2.2.5       Solvency ..........................................................................................................................................................14
      2.2.6       Valuation ..........................................................................................................................................................15
    2.3       Competitive Benchmarking ..................................................................................................................................16
      2.3.1       Market Capitalization .......................................................................................................................................16
      2.3.2       Efficiency ..........................................................................................................................................................17
      2.3.3       Capital Expenditure ..........................................................................................................................................18
      2.3.4       Turnover – Inventory and Asset .......................................................................................................................19
      2.3.5       Liquidity ............................................................................................................................................................20
3     Mergers & Acquisitions and Partnerships ........................................................................................... 21
    3.1       M&A an
								
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