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Just as your pulse is checked during a routine physical, free cash flow is used as an indicator of a company's health. It equals the cash brought in from operations minus the money needed to pay the bills. Think about leftover money in your checking account after you pay this month's bills.
Investors and analysts see this leftover money as a gauge of a company's ability to perform. It is available for transactions such as handing out dividends and working on new products.
Some argue free cash flow is wrongly overshadowed by the emphasis often placed on earnings. Earnings numbers can be manipulated and don't always tell the whole story -- and earnings don't mean much if there's nothing left over after a company pays its expenses. Even if you bring in a six-figure salary, but no money left after paying the bills, are you in great financial shape?
You don't have to be Einstein to figure out free cash flow. To calculate the number, subtract the company's expenditures and dividends from its operating cash flow.
If the free cash flow is written in red ink, it doesn't necessarily signal curtains. This is common for young companies looking to grow. It also could be a result of heavy investments, which in the long run could be worth a standing ovation.
Home / Markets / Industries / Energy
Thursday, May 08, 2008
Eco-Tec Awarded CBNG Produced Water Treatment System Contract by Marathon Oil Corporation
Comtex
PICKERING, Ontario, May 8, 2008 /PRNewswire via COMTEX News Network/ ----Eco-Tec is proud to announce that it has recently been awarded a contract to supply a coal bed natural gas (CBNG) water treatment system to Marathon Oil Corporation (NYSE: MRO), through one of the company's wholly owned subsidiaries, for one of its production sites in Northeast Wyoming.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070409/NYM002LOGO )
CBNG production is the process of extracting vast quantities of natural gas that are commonly trapped in coal deposits. A key element of responsible CBNG resource development is the management of ground water that is produced in the process of releasing the gas from the coal deposits.
To address this issue, Eco-Tec has configured an economical system, the RecoPur(R) Water Treatment System, that recovers produced water, and purifies it to very high quality standards. By using proprietary ion exchange, the system is able to purify large quantities of water from multiple wells, is compact, skid mounted, and fully automatic. Eco-Tec also offers remote equipment monitoring and control, requiring minimal personnel. This capability reduces costs and provides instant awareness and adjustment for water flow and composition variances.
Marathon operates CBNG production sites throughout the Powder River Basin of Wyoming. Key to successful drilling is the ability to manage the large volumes of water produced. The selected proprietary RecoPur(R) system consists of Recoflo(R) advanced, compressed-bed ion exchange units, combined with patented Spectrum Micro Media Filters(TM). The system is designed to process 36,000 barrels per day (1050 USgpm) of produced water, while reducing the sodium adsorption ratio (SAR), and is scheduled for commissioning this month.
"We are proud to continue the Eco-Tec tradition of providing industries with economical systems that address environmental sustainability," stated Mike Dejak, Eco-Tec President. "We are pleased to assist Marathon with its ability to move forward with CBNG production through sound water management processes, and we are looking forward to working with other CBNG developers in the Powder River Basin through our local partners at PureTech."
Note: Both Eco-Tec and PureTech will again be in attendance and exhibiting at this year's "CBM Fair" held in Gillette, Wyoming, June 4-5, 2008. Booth #266. (www.cbmfair.com)
About Eco-Tec (www.eco-tec.com)
Eco-Tec is an award-winning, globally recognized manufacturer of water purification, gas processing, and chemical recovery systems for industrial operations. Eco-Tec provides proven integrated technologies based on proprietary technologies that offer significant cost reduction and superior process efficiency. Eco-Tec has provided more than 1500 systems in over 52 countries, and is represented in all major markets.
SOURCE Eco-Tec Inc.
http://eco-tec.com
Copyright (C) 2008 PR Newswire. All rights reserved
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