(1888PressRelease)
March 21, 2009 - Mira, Portugal – SADIF Investment Analytics SA, today announced the release of a new equity research report covering Petro-Canada (PCA). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential Petro-Canada investor.
Report Summary: Canadian integrated oil and gas company Petro-Canada reported full-year 2008 results on January 29th, revealing net earnings of CAD 3,134M, a 15% increase over 2007. However, the company struggled during the fourth quarter, reporting a net loss of CAD 691M for the quarter, down from earnings of CAD 522M in the fourth quarter of 2007. Weak oil prices hurt the company's Canadian Oil Sands results during the quarter due to the higher costs associated with production method.
Nevertheless, despite the weak oil prices, Petro-Canada's share price outperformed the market, falling 27% over the past year compared to the 32% decline in the Canadian TSX index. While the company either met or exceeded its 2008 production guidance, Petro-Canada reduced its production guidance for 2009 just a month after setting the guidance levels in December due to a planned reduction in capital expenditure and OPEC quota restraints in Libya. The revised guidance levels highlights the importance of focusing on Petro-Canada's long-term performance. We can assess the company's long-term fundamentals through the use of the StockMarks framework. Petro-Canada currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 49, rating close to the Canadian market average. This rating places Petro-Canada seventh among ten of the company's closest Canadian-listed peers selected on the basis of similarity of business and market positioning factors such as size and share comparisons.
The complete report breaks down the Total StockMark into its three components – Business, Management and Price, performing a thorough analysis of Petro-Canada for long-term investors.
A summary of the StockMarks™ ratings for Petro-Canada is available here:
http://sadifanalytics.com/stockmarks/company.php?ticker=PCA&cod_country=18
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com and Thomson Research or directly from SADIF-Investment Analytics SA at:
http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_country=18
About SADIF-Investment Analytics SA:
SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
###
