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Profile - Canadian 88 Energy Corp. (AMEX:EEE)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Msgs
Recent Events
Aug 23Earnings Announcement
Location
Suite 700 400-3rd Avenue S.W.
Calgary, Alberta
T2P 4H2, Canada
Phone: (403) 974-8800
Fax: (403) 974-8811
Employees (last reported count): 88
Financial Links
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 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Energy
 ·Industry: Oil & Gas Operations
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Ownership
·Insider and 5%+ Owners: 1%
·Institutional: 30% (30% of float)
(52 institutions)
·Net Inst. Selling: 3.95M shares (+10.94%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Canadian 88 Energy Corp. is a gas and oil exploration and development company that has a land base and producing assets in one of the most active natural gas regions of the Western Canadian basin. The Company also has a 50% interest in four land blocks offshore the Nova Scotia trough. Ninety-eight percent of the Company's reserves are natural gas and associated liquids. During 2000, the Company's Western Canadian assets contributed average volumes of 25.9 mmcf/d (million cubic feet per day) of sales gas and 748 b/d (barrels per day) of oil and NGLs (natural gas liquids), equaling 5,062 boe/d (barrels of oil equivalent per day) or 33% of the Company's total production. Canadian 88 holds four offshore exploration licenses totaling 1.5 million acres, located 200 kilometers south of Halifax. The area has large oil and natural gas reserves in turbidite sands beneath the Scotian Slope in 500 to 3000 meters of water.
More from Market Guide: Expanded Business Description

Financial Summary
EEE is involved in the application of deep conventional and horizontal drilling techniques in the West Central Alberta Foothills corridor. EEE is also involved in the application of large scale 3-D seismic technology. For the six months ended 6/30/01, revenues totalled C$80.4 million, up from C$39.6 million. Net income totalled C$19.4 million, vs. a loss of C$6.7 million. Revenues reflect an increase in oil and gas prices. Net income also reflects higher gross margins.
More from Market Guide: Significant Developments

Officers

Position
Joe Pritchett, IIIPres, CEO
Sobeil Asgarpour, Ph.D.COO
Donald GardnerSr. VP, CFO, Director
Leigh BiltonVP-Operations
G. Robin GillVP - Engineering
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- AMEX:EEEAs of 31-Aug-2001
Price and Volume
52-Week Low
on 3-July-2001
$1.43 
Recent Price$1.55 
52-Week High
on 12-Feb-2001
$2.99 
Beta0.90 
Daily Volume (3-month avg)91.4K
Daily Volume (10-day avg)124.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change-38.0%
52-Week Change
relative to S&P500
-16.8%
Share-Related Items
Market Capitalization$207.7M
Shares Outstanding134.0M
Float132.6M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$1.59 
Earnings (ttm)$0.08 
Earnings (mrq)$0.04 
Sales (ttm)$0.63 
CashN/A 
Valuation Ratios
Price/Book (mrq)0.97 
Price/Earnings (ttm)20.39 
Price/Sales (ttm)2.45 
Income Statements
Sales (ttm)$85.8M
EBITDA (ttm)$62.7M
Income available to common (ttm)$10.6M
Profitability
Profit Margin (ttm)12.3%
Operating Margin (ttm)22.1%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)2.79%
Return on Equity (ttm)5.16%
Financial Strength
Current Ratio (mrq)0.39 
Debt/Equity (mrq)0.11 
Total CashN/A 
Short Interest
As of 8-Aug-2001
Shares Short1,000 
Percent of Float0.0%
Shares Short
(Prior Month)
1,000 
Short Ratio0.02 
Daily Volume43.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001);   dollar amounts based on an exchange rate of 1.55 Canadian Dollars/US Dollar

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