Energy XXI Gulf Coast is engaged in the acquisition, exploration, development and operation of oil and natural gas properties onshore in Louisiana and Texas and offshore in the Gulf of Mexico Shelf, which is an area in less than 1,000 feet of water (GoM Shelf). As of Dec 31 2016, Co. owned and operated nine GoM Shelf oil fields. As of the same date, Co.'s total proved reserves were 121.9 million barrels of oil equivalent of which 81.0% were oil and 70.0% were classified as proved developed. The total proved reserves consisted of 95.2 million barrels of gas, 3.1 million barrels of natural gas liquids, and 141.24billion cubic feet of natural gas. We show 7 historical shares outstanding datapoints in our EGC shares outstanding history coverage, used to compute EGC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EGC market cap history over the course of time is important for investors
interested in comparing EGC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of EGC versus a peer is one thing; comparing
EGC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like EGC can fluctuate over the course of history.
With this page we aim to empower investors researching EGC by allowing them to research the EGC market cap history. |
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Video: The Importance of Market Cap
