Although basic financial principles apply across all industries, oil companies have a unique terminology and analytical techniques that are sometimes confusing to nonfinancial stakeholders,
managers, and those interested in stock values. Written for professionals from all disciplines, this takes a practical approach to the often-volatile oil market, its diminishing supplies and
its increasing demand, describing market values and the Dow theory, fundamental analysis, asset-based and income-based techniques, future and present value theory, accounting systems for oil
and gas, the unique aspects of financial statement analysis, and the complexities of valuation of common stock. It gives ways of assessing competitive comparisons, segment valuation, values of
reserves in the ground, the impact of corporate restructuring, the legal and tax environment for mergers, and the valuation of bonds and preferred stock. Annotation ©2006 Book News, Inc.,
Portland, OR (booknews.com)
