[下载]UBS-欧洲石油,天然气投资大全2008-(264页)

rayzhuang

1989

收藏 2008-10-01

252385.pdf
大小:(4.12 MB)

只需: 5 个论坛币马上下载

IntroductionThis is the third edition of the UBS Introduction to the Oil Industry. Thispublication is designed to provide the reader with a guide to the oil and gasindustry and the associated equity sector. Oil and gas is one of the world’slargest and most important equity sectors and is the largest and most importantcommodity market. Energy is critical to global economic growth. Oil is the bestand most convenient fuel for transportation. Natural gas is an efficient andrelatively clean-burning source of power generation.As with all industries, oil and gas has its own terminology and language. Theprocess of finding, developing, producing, conveying, processing and marketingis complex and sophisticated in a giant industry that has grown up over 150years and encompasses the entire globe. The purpose of this note is to try to helpto provide explanation and insight into the industry in as clear a way as possiblefor non-expert professionals. We have significantly updated and deepened thenote since the most recent publication. It is a result of extensive collaborationbetween the members of UBS’s global oil and gas team.We begin with an introduction to the structure of the oil and natural gas market.We also discuss the trading and the pricing of the commodity. We divert brieflyto look at the valuation of companies in the sector. With the commodity andequity markets covered, we move straight into the industry itself by providing ageology primer, an economics and accounting discussion, and a review of thedownstream industry. We include an extended piece on the oil service industrybecause upstream operations are perhaps the least well understood part of thebusiness. Finally, we also cover petrochemicals and alternative fuels.publication is designed to provide the reader with a guide to the oil and gasindustry and the associated equity sector. Oil and gas is one of the world’slargest and most important equity sectors and is the largest and most importantcommodity market. Energy is critical to global economic growth. Oil is the bestand most convenient fuel for transportation. Natural gas is an efficient andrelatively clean-burning source of power generation.As with all industries, oil and gas has its own terminology and language. Theprocess of finding, developing, producing, conveying, processing and marketingis complex and sophisticated in a giant industry that has grown up over 150years and encompasses the entire globe. The purpose of this note is to try to helpto provide explanation and insight into the industry in as clear a way as possiblefor non-expert professionals. We have significantly updated and deepened thenote since the most recent publication. It is a result of extensive collaborationbetween the members of UBS’s global oil and gas team.We begin with an introduction to the structure of the oil and natural gas market.We also discuss the trading and the pricing of the commodity. We divert brieflyto look at the valuation of companies in the sector. With the commodity andequity markets covered, we move straight into the industry itself by providing ageology primer, an economics and accounting discussion, and a review of thedownstream industry. We include an extended piece on the oil service industrybecause upstream operations are perhaps the least well understood part of thebusiness. Finally, we also cover petrochemicals and alternative fuels.Introduction to the Oil Industry. Thispublication is designed to provide the reader with a guide to the oil and gasindustry and the associated equity sector. Oil and gas is one of the world’slargest and most important equity sectors and is the largest and most importantcommodity market. Energy is critical to global economic growth. Oil is the bestand most convenient fuel for transportation. Natural gas is an efficient andrelatively clean-burning source of power generation.As with all industries, oil and gas has its own terminology and language. Theprocess of finding, developing, producing, conveying, processing and marketingis complex and sophisticated in a giant industry that has grown up over 150years and encompasses the entire globe. The purpose of this note is to try to helpto provide explanation and insight into the industry in as clear a way as possiblefor non-expert professionals. We have significantly updated and deepened thenote since the most recent publication. It is a result of extensive collaborationbetween the members of UBS’s global oil and gas team.We begin with an introduction to the structure of the oil and natural gas market.We also discuss the trading and the pricing of the commodity. We divert brieflyto look at the valuation of companies in the sector. With the commodity andequity markets covered, we move straight into the industry itself by providing ageology primer, an economics and accounting discussion, and a review of thedownstream industry. We include an extended piece on the oil service industrybecause upstream operations are perhaps the least well understood part of thebusiness. Finally, we also cover petrochemicals and alternative fuels.

[此贴子已经被作者于2008-10-1 19:21:07编辑过]