Introduction to Oil Company Financial Analysis
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Author(s): D. Johnston and D. Johnston
Publisher: PennWell
ISBN: 159370044X
Format: hardback
447pp
Price: $79.00
Review Date: 07 November 2005
Review: In this new edition the brothers David and Daniel Johnston focus on financial issues and the role of management and shareholders as well as the analysis of company assets, financial reports, and valuation of common stock. Aspects of evaluating an oil and gas company are discussed in detail and address specifically the analytical techniques that are based on public information. In essence, it’s about how to read an oil company’s annual report to shareholders, and the 10-K report. There are chapters on: the fundamentals of evaluation, accounting systems for oil and gas, financial statements analysis, valuation of common stock, competitive comparisons, segment valuation, corporate restructuring, legal and tax environment for mergers, and the valuation of bonds and preferred stock. The appendices provide a glossary, information sources, crude oil and gas prices, statistics etc.