Pioneer Oil & Gas (Pioneer Oil & Gas) Cash And Cash Equivalents : $4.08 Mil (As of Jun. 2005)

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What is Pioneer Oil & Gas Cash And Cash Equivalents?

Pioneer Oil & Gas's quarterly cash and cash equivalents increased from Dec. 2004 ($0.53 Mil) to Mar. 2005 ($1.00 Mil) and increased from Mar. 2005 ($1.00 Mil) to Jun. 2005 ($4.08 Mil).

Pioneer Oil & Gas's annual cash and cash equivalents increased from Sep. 2002 ($0.09 Mil) to Sep. 2003 ($0.37 Mil) and increased from Sep. 2003 ($0.37 Mil) to Sep. 2004 ($0.49 Mil).

Pioneer Oil & Gas Cash And Cash Equivalents Historical Data

The historical data trend for Pioneer Oil & Gas's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pioneer Oil & Gas Cash And Cash Equivalents Chart

Pioneer Oil & Gas Annual Data

Trend

Sep00

Sep01

Sep02

Sep03

Sep04

Cash And Cash Equivalents

0.25

0.09

0.37

0.49

Pioneer Oil & Gas Quarterly Data
	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.67	0.49	0.53	1.00	4.08

Pioneer Oil & Gas Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Pioneer Oil & Gas (OTCPK:POGS) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Pioneer Oil & Gas Cash And Cash Equivalents Related Terms

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Pioneer Oil & Gas (Pioneer Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pioneer Oil & Gas (OTCPK:POGS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1206 West South Jordan Parkway, Unit B, South Jordan, UT, USA, 84095-5512

Website

http://www.piol.com

Pioneer Oil & Gas operates in the oil and gas integrated industry. The company is engaged in the business of acquiring, developing, producing, and selling oil and gas properties to companies located in the continental United States.

Executives

Don Jared Colton	director, 10 percent owner, officer: President	2172 GAMBEL OAK DR, SANDY UT 84092
Gregg B Colton	director, 10 percent owner, officer: Vice President and Secretary	1206 W SOUTH JORDON PARKWAY, UNITE B, SOUTH JORDAN UT 84095

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