Tuesday, June 28, 2016

Uni-Select Inc. - UNS.t

Uni-Select Inc. - UNS.t is a Canada-based distributor of automotive parts and paint products.

The Company is engaged in the distribution, sale and marketing of replacement parts, equipment, tools and accessories, and paint and related products for motor vehicles in the Canadian wholesale automotive aftermarket.

On May 2, 2016 the company released News

FinishMaster, Inc., a leading distributor of paint and related products in the United States and subsidiary of Uni-Select Inc. (TSX:UNS), a leading distributor of automotive products in Canada, announced today it has completed the acquisition of substantially all of the operating assets of Gladwin Paint Company and related entities (“Gladwin”). This acquisition increases FinishMaster’s footprint with the addition of 8 locations across several key metropolitan markets in Texas including Austin, Dallas, Houston, and San Antonio.

Founded in 1954, Gladwin has grown to be one of the largest PBE distributors in the southwest United States. The team is guided by the same principles Carl and Margaret Gladwin held when they founded the company more than a half century ago: hard work, honesty, and excellent customer service. Offering comprehensive services including an experienced team of technicians, Gladwin specializes in training and assisting body shop technicians in product knowledge, process solutions, and SOP implementation to help improve their customers’ overall performance.

Sunday, June 26, 2016

Submerged ancient Egyptian treasures

More than 200 objects are showcased at a new exhibition of Egyptian artifacts discovered in a sunken ancient city. Dating back some 2,300 years they were found over a decade ago near what is now the city of Alexandria.

In ancient times, the port city of Thonis-Heracleion was the main port of entry to Egypt for all ships coming from the Greek world.
The city was founded around the 8th century BC, underwent natural catastrophes, and eventually sunk entirely into the depths of the Mediterranean in the 8th century AD.

Tuesday, June 21, 2016

Paramount Resources Ltd.- POU.t

Paramount Resources Ltd.- POU.t is an intermediate Canadian energy company.

The company explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Alberta, British Columbia, Saskatchewan and the Northwest Territories.

On May 4, 2016 the company released Numbers

  • First quarter 2016 sales volumes averaged 50,161 Boe/d, 31 percent higher than the first quarter of 2015 and 10 percent higher than the previous quarter.
  • First quarter 2016 condensate and oil sales volumes were 13,245 Bbl/d, double the first quarter a year ago and 33 percent higher than the previous quarter. Twelve new Ultra-Rich Montney wells were brought on in late-2015 and had average raw condensate-gas ratios of 317 Bbl/MMcf over the first quarter of 2016.
  • Other NGLs sales volumes increased to 11,259 Bbl/d in the first quarter of 2016, 62 percent higher than the first quarter of 2015 and 23 percent higher than the previous quarter.
  • Liquids-rich Musreau Montney volumes increased to 27,565 Boe/d, representing 55 percent of total Company sales in the first quarter of 2016 compared to 11,958 Boe/d or 31 percent in the first quarter of 2015.
  • First quarter netbacks including hedging settlements increased 34 percent to $60.3 million in 2016 compared to $45.1 million a year ago, as higher sales volumes and hedging more than offset lower commodity prices.
  • With no wells spudded at Musreau since the second quarter of 2015 and a turnaround at the Musreau Complex planned for the third quarter of 2016, sales volumes are expected to decline through the middle part of the year until wells from the 2016 capital program are brought on-stream in the fourth quarter.
  • The Company commenced drilling a six-Montney well pad at Musreau in April 2016 using two Fox Drilling rigs. An additional three rigs are scheduled to commence drilling later in the second quarter. Initial wells from the 2016 capital program are expected to be brought on production in the fourth quarter.
  • In response to lower commodity prices and to preserve financial flexibility, Paramount's first quarter 2016 capital spending for Principal Properties was $20.1 million, in line with cash flows.
  • The Company closed the sale of its Musreau Complex and related midstream assets (the "Midstream Transaction") on April 20, 2016.