NATURAL GAS EQUIVALENT
A term Natural gas equivalent is used in the oil and gas industry, representing a comparison between natural gas and crude oil. 6,000 cubic feet of natural gas is equivalent to one barrel of oil. "Billions of cubic feet equivalent" (BCFE), a term commonly found in the annual reports of natural gas and oil companies, is used to measure the amount of natural gas that is being pumped and delivered over an extended period of time, or that is untapped in reserves. BCFE is used to quantify the energy that is being produced, or that could potentially be produced, by an oil company's reserves. Investors can compare the production and/or reserves of oil and gas companies by looking at the natural gas equivalent figures.
POPULAR TERMS
Capital Commitment
Future capital payments that a firm has pledged to pay out on long-term assets over a particular time period. This also talks about the securities ...
Overwithholding
A term which refers to an excess amount of tax being withheld for an employee. It will be sent back as a refund to the taxpayer after he or she fil ...
Diluted Earnings Per Share - Diluted EPS
It is the measure of a company’s profits.
Covenant
Promise a firm made to an indenture or other formal debt agreement, stating some activities will or won’t be carried out. In finance, it freq ...
Gross Spread
Difference between the security price paid by the underwriter and the actual price charged to the public. The spread compensates the underwriters o ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Nov | |
| 02:30 | Company Operating Profits | 3 quarter | |
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| 03:45 | Markit Final Manufacturing PMI | Nov | |
| 07:30 | Commodity Prices | Nov | |
| 09:30 | Retail Sales | Oct | |
| 10:15 | PMI Manufacturing | Nov | |
| 10:45 | PMI Manufacturing | Nov | |
| 10:50 | PMI Manufacturing | Nov |
