Toddq34 (< 20)

Take a hard look at this company!

March 28, 2008 – Comments (0) | RELATED TICKERS: PCZ.DL

This company really catches my eye. It looks to be a good investment to me. This is an old report. I am currently digging around for something more updated for you.

 PCZ - Petro-Canada

Overview
One of Canada’s largest oil and gas companies, operating in both upstream and the downstream sectors of the industry in Canada and internationally
 
Creates value by responsibly developing energy resources and providing world class petroleum products and services

Headquartered in Calgary, Alberta, with more than 5,000 employees working on our behalf around the world

Shares trade on the Toronto Stock Exchange under the symbol PCA, and on the New York Stock Exchange under the symbol PCZ

Highlights
Upstream production of 345,000 barrels of oil equivalent per day (boe/d) net from continuing operations in 2006

Operating earnings from continuing operations - $1.8 billion in 2006

Cash flow - $3.7 billion in 2006

Planned capital expenditures of $4.1 billion in 2007

15% increase in production expected in 2007, with a forecast in the range of 390,000 boe/d to 420,000 boe/d net

Holds sponsorship rights for the 2010 Olympic and Paralympic Winter Games, including Canadian Olympic Team sponsorship rights for Torino 2006, Beijing 2008, Vancouver 2010 and London 2012 Olympic Games

Core Businesses
North American Natural Gas

We explore for and produce natural gas, crude oil and natural gas liquids (NGL) in Western Canada and the U.S. Rockies

In 2006, we produced 616 million cubic feet per day (MMcf/d) of natural gas (102,700 boe/d) net and 14,200 barrels per day (b/d) net of crude oil and NGL

Shifting focus to unconventional production and long-term supply opportunities in Alaska and the Mackenzie Delta/Corridor, as well as liquefied natural gas (LNG) projects

East Coast Oil

Participation in major offshore projects in Eastern Canada contributed production of 72,700 boe/d net in 2006

Production came from Terra Nova (operator and 34% interest), Hibernia (20% interest) and White Rose (27.5% interest)

At Terra Nova and White Rose, the oil flows from wells on the seabed into Floating Production Storage and Offloading (FPSO) vessels

Hibernia produces oil from a concrete gravity base structure

East Coast Oil business goal is to sustain profitable production by extending existing reservoirs and tying in satellite fields

Alberta Oil Sands

We have both mining and in situ assets

In mining, our 12% interest in Syncrude delivered 31,000 b/d in 2006

As a 60% owner and operator of the proposed Fort Hills Oil Sands mining and upgrading project, we have regulatory approval to produce up to 190,000 b/d of bitumen, with initial production in 2011

Our 100% owned and operated in situ MacKay River project produced 21,200 b/d in 2006 and we have plans to add another 40,000 b/d of capacity by the end of the decade

International Exploration & Production

Our International business operations are in Northwest Europe, North Africa/Near East and Northern Latin America

Business is growing by optimizing existing assets, implementing a balanced exploration program and pursuing business development opportunities

The Northwest Europe region produced 43,700 boe/d net in 2006 and growth is expected in 2007 as Buzzard (29.9% interest) ramps up

In the North Africa/Near East region (Libya), we produced 49,400 boe/d net from continuing operations in 2006

In Northern Latin America, a 17.3% interest in a natural gas development in Trinidad and Tobago produced 63 MMcf/d (10,500 boe/d net) in 2006

We also have an interest in an oil project in Venezuela

Our exploration program spans all three regions

Refining & Marketing

Canada’s second-largest downstream company based on sales of refined petroleum products
Refineries in Edmonton, Alberta and Montreal, Quebec accounted for 13% of Canada’s refining capacity in 2006

We are currently converting our Edmonton refinery to process 100% bitumen-based feedstock and are considering the potential for a new coker at the Montreal refinery

Known as “Canada’s Gas Station,” selling approximately 16% of all petroleum products sold in Canada in 2006

Increased capacity at our Mississauga, Ontario lubricants plant by 25% in 2006, where we produce pure lubricating oil-based stocks and other specialized products