Credo Petroleum Corporation (CRED)

10.90 +0.00  +0.00%  May 25, 11:00PM Go Pro
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Credo Petroleum Corporation Net PP&E: 56.00M

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CRED Net PP&E Rankings

Overall 39th percentile 2155 of 3566
Sector 13th percentile 359 of 414 in Basic Materials
Industry 15th percentile 70 of 83 in Independent Oil & Gas

CRED Net PP&E Range, Past 5 Years

Minimum 28.85M Apr 2009
Maximum 56.00M Jan 2012
Average 38.49M

About Net PP&E

Net PP&E is short for Net Property Plant and Equipment. Property Plant and Equipment is the value of all buildings, land, furniture, and other physical capital that a business has purchased to run its business. The term "Net" means that it is "Net" of accumulated depreciation expenses.

For example, assume that a company buys a building worth $1,000,000, along with $50,000 of furniture. Their Net PP&E at the moment of purchase is $1,050,000.

Each year, however, the company must depreciate the value of that PP&E to account for the fact that it will wear out an need to be fixed or re-purchased in the future. Assume that in the first year, the company depreciates the building and furniture by $105,000 (or 10% of the original value). Then, at the end of the year, its Net PP&E is:

$1,050,000 - $105,000 = $945,000

As the company buys more PP&E, the value of its Net PP&E will increase, and as time passes, the value will decrease according to depreciation expenses.
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CRED News

$CRED filed latest Quarterly Report http://stks.co/2pSW
about 76 days ago by MarketBrief
$CRED filed latest Quarterly Report http://stks.co/2nej
about 77 days ago by MarketBrief
$CRED Michael Davis Appointed Chief Operating Officer and Interim Chief Executive Officer
about 131 days ago by Benzinga
$CRED filed latest Annual Report http://stks.co/1xGE
about 132 days ago by MarketBrief
Small Oil Companies Making the Best of the Bakken http://stks.co/33Z $AXAS $CRED $USEG
about 271 days ago by TurnKeyOil
$CRED http://chart.ly/m6c9jba Moved out of wedge formation yesterday. Stopped right at early Feb. highs.
about 459 days ago by TheEquitiesRoom
Small cap energy plays on today&#39;s radar w/ decent charts: $MILL $HNR $HERO $PKD $PSTR $WRES $AXAS $CXPO $CPE $EGY $GTE $PQ $CRED
about 459 days ago by TheEquitiesRoom
$cred publishes bakken well results, stock up 4%
about 831 days ago by lordezar

Recent Quotes

Symbol Price Chg Chg % Market Cap
CRED 10.90 +0.00 +0.00% 109.44M
CRDC 1.82 +0.02 +1.11% 66.01M
CRDA 3.31 +0.04 +1.22% 178.04M
CRD.B 3.56 +0.04 +1.14% 179.92M
CRC 1.24 +0.09 +7.82% 7.961M
CRBQ 40.28 -0.33 -0.80%
CRBC 16.22 +0.14 +0.87% 649.61M
CRAY 10.70 +0.02 +0.19% 393.55M
CR 38.50 -0.30 -0.77% 2.236B
COST 84.48 +0.00 +0.00% 36.74B
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