| Business Summary | | Alberta
Energy
Company
Ltd.
is
an
upstream
oil
and
gas
exploration
and
production
company
that
has
interests
in
midstream
operations
and
assets
including
pipelines
and
natural
gas
storage
and
processing.
AEC
markets
crude
oil,
natural
gas
and
natural
gas
liquids
(NGLs)
for
consumption
throughout
Canada
and
the
United
States.
AEC
is
also
engaged
in
exploration
and
production
activities
internationally.
The
Company's
business
is
conducted
in
two
main
industry
groups:
the
Upstream
Group
is
comprised
of
oil
and
natural
gas
exploration,
production
and
marketing,
and
the
Midstream
Group
consists
of
pipeline
transportation
and
natural
gas
storage
and
processing
operations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Alberta
Energy
Company
Ltd.
is
engaged
in
oil
and
gas
exploration,
production
and
marketing;
and
pipeline
transportation,
and
natural
gas
storage
and
processing
operations.
For
the
six
months
ended
6/30/01,
revenues
rose
80%
to
C$4.27
billion.
Net
income
applicable
to
Common
totaled
C$577.9
million,
up
from
C$227.5
million.
Revenues
reflect
higher
oil
and
natural
gas
volumes
and
higher
gas
prices.
Higher
income
also
reflects
improved
gross
margins. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | David Mitchell | Chairman | Gwyn Morgan | Pres,
CEO | John Watson | CFO,
VP-Fin. | R. William Oliver | Exec.
VP - AEC Marketing | Brian Ferguson | VP
- Corp. Communications, Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|