Ardagh Group SA (ARD)

JUST IN: $ARD Ardagh Group S.A. (ARD) Q3 2020 Earnings Call Transcript

Image source: The Motley Fool. Ardagh Group S.A. (NYSE: ARD) Q3 2020 Earnings Call Oct 22, 2020 , 10:00 a.m. ET Operator Continue reading For further details see: Ardagh Group S.A. (ARD) Q3 2020 Earnings Call Transcript

Read the whole news ARD - Ardagh Group S.A. (ARD) Q3 2020 Earnings Call Transcript

BREAKING NEWS: $ARD Ardagh Group S.A. - Third Quarter 2020 Results

Ardagh Group S.A. - Third Quarter 2020 Results PR Newswire LUXEMBOURG, Oct. 22, 2020 LUXEMBOURG , Oct. 22, 2020 /PRNewswire/ -- Ardagh Group S.A. (NYSE: ARD) today announced its results for the third quarter ended September 30, 2020 . ...

Got this from ARD - Ardagh Group S.A. - Third Quarter 2020 Results

Philip Fisher: Growth Stock Investigator
Matthew Schifrin, 02.23.09, 06:00 PM EST
His idea of buying growth stocks and holding them forever sounded good--even to Warren Buffett.

Philip Fisher



Who was Philip Fisher?

Most Forbes readers are familiar with Ken Fisher, money manager billionaire and longtime Portfolio Strategy columnist in Forbes magazine. However, what isn't as widely known among younger investors is that Ken Fisher comes from investing royalty. His father was Philip Fisher, who, starting in 1931, ran a small Northern California investment counseling firm. In 1958, Phil Fisher wrote the first investment book ever to make The New York Times bestseller list, Common Stocks and Uncommon Value. It also became required reading in the investments class at Stanford's Graduate School of Business (where Phil taught for a time).

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Yahoo! BuzzThe book laid out senior Fisher's 15-point strategy for finding great long-term growth stocks at a time when most investors and strategies swung with business cycles. His methods were so convincing that a young Warren Buffett went to visit with Fisher and eventually incorporated a good deal of Fisher's methods into his own stock selection process. Buffett later described his strategy as 15% Fisher and 85% Benjamin Graham.

Join Steve Forbes, Muriel Siebert and an all-star line up of investment advisers and market experts on March 12, 2009 at the Online Investor Conference, Finding Value During Uncertain Times. Click here to Register Now; it's Free.

As Ken Fisher recounts in the forward to his father's classic investment tome, his father was a bit impatient and the young Fisher only worked at his father's firm briefly. But Fisher went on hundreds of company visits with his father in the 1970s and absorbed his father's investigative style of investing. Still, young Fisher's response to people who would often ask him which experience with his father was his favorite was, "The next one."

Real-Time Quotes
02/24/2009 10:04AM ET
MOT$3.49-4.13%AMX$25.26-0.79%NIHD$15.82-0.25%SOHU$44.881.17%ARD$18.770.81%Get Quote
BATS Real-Time Market Data by XigniteKen's strategy, which focuses largely on stocks undervalued according to their price-to-sales ratios, is much more straight value in it's approach. He seeks stocks that are cheap because they have an undeserved bad image. His father, who wrote his book during a time of great prosperity that resulted in a long post-World War II bull market, wanted stocks he could hold forever because they were well managed and would continue to grow. In fact, by the time Philip Fisher died at the age of 96 in 2004, he still held shares of Motorola (nyse: MOT - news - people ) that he had purchased 21 years earlier. The stock had appreciated more than 20-fold versus a seven-fold appreciation of the S&P 500.

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Arena Resources Schedules Conference Call on its 2008 4th Quarter Financial and Operating Results
Tuesday February 24, 6:00 am ET



TULSA, Okla.--(BUSINESS WIRE)--Arena Resources, Inc. (NYSE: ARD - News) (“Arena”)(“Company”) has scheduled a conference call on Tuesday, Mar 3, 2009 at 11:30 a.m. EST to discuss the 2008 fourth quarter financial and operating results. Arena expects to issue a press release summarizing these results the same morning.
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To participate, dial 877-407-0778 at least five minutes before the call is to begin. Please reference the Arena Resources conference call. International callers may also participate by dialing 201-689-8565. A telephone replay will also be available for one week beginning two hours after the completion of the live call, and can be accessed by dialing 877-660-6853, or 201-612-7415 for international callers and entering access number 286 and conference id 314856 when prompted. The results will also be available via live and a 3 month archived webcast at http://www.investorcalendar.com/IC/CEPage.asp?ID=141665.

About Arena Resources, Inc.

Arena Resources, Inc. is an oil and gas exploration, development and production company with current operations in Texas, Oklahoma, Kansas and New Mexico.

This release contains forward-looking statements within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995 that involve a wide variety of risks and uncertainties, including, without limitations, statements with respect to the Company’s strategy and prospects. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the Company’s ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, and the conduct of business by the Company, and other factors that may be more fully described in additional documents set forth by the Company.




Contact:
Arena Resources, Inc.
Bill Parsons, VP Investor Relations
480-947-1589

zero debt

very nice one

ARD very expensive relative to its peers...

P/E Ratio: 41.15

P/E Ratio vs. Industry: 201.15%

Arena Resources Announces Definitive Agreement for Yates Gas Production


TULSA, Okla.--(BUSINESS WIRE)--January 07, 2008-- Arena Resources, Inc. (NYSE: ARD) ("Arena")("Company") announced today it has signed a definitive agreement to produce and sell gas from its Fuhrman Mascho ("Fuhrman Mascho") properties in Andrews County, Texas, to Odessa Fuels Marketing, LLC, an affiliate of Aspen Pipeline I, L.P. and Aspen Pipeline II, L.P. ("Aspen") of Houston, Texas. The Company announced it had signed a letter of intent in June 2007 and has been in negotiation with Aspen to finalize this agreement.

The gas, produced from the Yates formation at an approximate depth of 3,000 feet, has a high nitrogen content and is often considered too costly to produce because of the need to remove the nitrogen before transporting. Aspen has signed a definitive agreement with Odessa - Ector Power Partners, L.P., a wholly owned subsidiary of PSEG Texas, LP, which in turn is a subsidiary of Public Service Enterprise Group, Incorporated, that will lead to the construction of a dedicated pipeline to the PSEG Texas 1,000-megawatt energy generation facility just outside Odessa, Texas, which can consume a gas blend containing Yates formation gas without removing the excess nitrogen.

Arena's Fuhrman Mascho properties comprise in excess of 22,000 acres. The Company initiated a development program at the Fuhrman Mascho in April 2005 and has currently drilled approximately 245 wells to a deeper, oil bearing formation at approximately 4,800 feet. Arena has the drilling rights to the Yates gas formation on approximately 18,000+ acres, and has agreed to dedicate the Yates gas reserves to the project for the life of the reserves. Based on 40-acre spacing, the Company estimates there are 450 potential locations, including approximately 100 idle or temporarily abandoned well bores which were drilled prior to Arena's acquisition of the properties. These wells were drilled to the deeper, oil bearing formation, and are excellent candidates to be re-completed at the shallower Yates formation. The agreement is for a primary term of 15 years, with the intent that it will last thereafter for the economic life of the dedicated reserves. It requires Arena to drill or recomplete 60 - 90 wells per year for the first four years, and to strive on a best efforts basis to attain a volumetric goal of 30,000 MMBtu (Million British Thermal Units) per day or more. It is estimated that construction of the pipeline will reach the properties by the end of the fourth quarter 2008, or beginning of the first quarter 2009. Arena will receive a price equal to 70% of the Platts Gas Daily, Daily Price Survey, Permian Basin Area, El Paso Permian Basin, Midpoint Posted Price ($/MMBtu), less a $0.30 per Mcf charge for compression and dehydration services provided by Aspen.

Mr. Tim Rochford, CEO stated, "This agreement provides us the opportunity to significantly improve the economics of our Fuhrman Mascho properties by providing a very favorable market for the Yates gas with limited cost to Arena. In preparation for the arrival of the pipeline, we have begun pressure testing the integrity of the estimated 100 existing idle well bores, which we have identified as potential Yates wells through recompletion, and are pleased with the results to date."

Arena Resources Inc. (ARD) said it acquired two properties located in Andrews County, Texas for $49 million.

The Tulsa, Okla. oil and gas exploration company said current net production is about 560 barrels of oil equivalent and is over 85% oil.

Initial reserve estimates indicate there is an estimated 8 million barrels of oil equivalent a day, excluding potential gas reserves and additional oil reserves.

The purchase was financed by existing cash reserves and from a $150 million credit facility.

The closing date was Dec. 11 and the effective date was Dec. 1.

ARD's growth has been impressive as show by both the daily and weekly charts in the iBox. However, the valuation is suspect:

P/E Ratio: (without extraordinary items) 35.74

P/E Ratio: (with extraordinary items) 35.74

P/E Ratio vs. Industry: 183.04%