More results on PoseidonHere is the rest of the results that I received over Markwire:
The operating margin for the three months ended 9/30/2011 is a stunning 90.6% ($20,232 / 22,329 = 90.6%)
POSEIDON CONCEPTS HIGHLIGHTS
Three months Three months Nine months Nine months (in thousands except ended Sept. ended Sept. ended Sept. ended Sept. percentages) 30, 2011(1) 30, 2010(1) 30, 2011(1) 30, 2010(1)---------------------------------------------------------------------------- Fracturing fluid handling tank rental revenue $ 22,329 $ 1,324 $ 41,236 $ 1,658 Operating costs (541) (12) (1,510) (14) G&A costs (1,555) (29) (3,334) (54)---------------------------------------------------------------------------- Operating earnings (EBITDA) $ 20,232 $ 1,283 $ 36,392 $ 1,590 --------------------------------------------------------------------------------------------------------------------------------------------------------
(1) Open Range's transition date to International Financial Reporting Standards (IFRS) was January 1, 2010; therefore, information above including comparative information was calculated in accordance with IFRS.
(2) Includes the realized gain or loss on commodity contracts.
(3) Funds from operations is calculated using cash flow from operations before the change in non-cash working capital and decommissioning expenditures and excludes interest and financing expenses as presented under the Corporation's IFRS-based interim consolidated statements of cash flows for the three and nine months ended September 30, 2011.
Disclosure provided herein in respect of barrel(s) of oil equivalent (boe) may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf:1 barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
Let see how the market reacts tomorrow.