Velocity Energy (Velocity Energy) Ending Cash Position : $0.04 Mil (As of Jun. 2009)

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What is Velocity Energy Ending Cash Position?

Velocity Energy's Ending Cash Position for the quarter that ended in Jun. 2009 was $0.04 Mil.

Velocity Energy's quarterly Ending Cash Position increased from Dec. 2008 ($0.20 Mil) to Mar. 2009 ($0.27 Mil) but then declined from Mar. 2009 ($0.27 Mil) to Jun. 2009 ($0.04 Mil).

Velocity Energy's annual Ending Cash Position declined from Dec. 2006 ($0.26 Mil) to Dec. 2007 ($0.04 Mil) but then increased from Dec. 2007 ($0.04 Mil) to Dec. 2008 ($0.20 Mil).

Velocity Energy Ending Cash Position Historical Data

The historical data trend for Velocity Energy's Ending Cash Position 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.

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Velocity Energy Ending Cash Position Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Ending Cash Position

0.11

0.26

0.04

0.20

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Ending Cash Position	Get a 7-Day Free Trial										0.38	0.13	0.20	0.27	0.04

Velocity Energy Ending Cash Position Calculation

Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. It is equal to the Beginning Cash Position plus the Net Change in Cash.

Velocity Energy's Ending Cash Position for the fiscal year that ended in Dec. 2008 is calculated as

Ending Cash Position	=	Beginning Cash Position	+	Net Change in Cash
	=	2.196	+	-2.001
	=	0.20

Velocity Energy's Ending Cash Position for the quarter that ended in Jun. 2009 is calculated as

Ending Cash Position	=	Beginning Cash Position	+	Net Change in Cash
	=	-0.228	+	0.271
	=	0.04

Velocity Energy Ending Cash Position Related Terms

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Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Ending Cash Position

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

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