Roman Kanyuka's Contributor Page
Roman is a full-time MAcc student at Wingate University. As a participant in several internships that included Morgan Stanley, Ascendant Capital Research, Brown & Brown Insurance, as well as Greenlife Investment & Development Group, he was introduced to the many nuances of three distinct industries - Investment Finance, Insurance, and Real Estate. Roman is a Level II Candidate in the CFA Program (June 2017). Upon graduation, he plans to pursue a career as a sell-side equity research analyst. Roman's APC model was the most downloaded model for the week ending November 4, 2016.
Roman co-founded (2016) and currently serving as Co-President of Wingate Investment Club - a student-run investment fund managed by the group of undergraduate and graduate students. Wingate Investment Club is an equity long-only fund with a primary focus on mid- and small-cap stocks. Roman designed, built and launched a professional website for Wingate Investment Club: wingateic.com
Gutenberg Company Assignments: Anadarko Petroleum Corp and Core Laboratories N.V.
Contributor Type: Intern, Senior Research Associate.
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Laboratories N.V. (NYSE:CLB)
Latest Update: January 7, 2017.
Model Summary: This model uses reservoir description, production enhancement, reservoir management operating segment growth rates to project future revenue. Expense line items are projected using historic growth rates and historic averages. The future share forecast is based on management’s commentary regarding its commitment to use excess capital for future opportunistic share repurchases. Operating ratios are used to project the primary accounts on the Balance Sheet, and Balance Sheet changes and earnings estimates are used to forecast the Cash Flow Statement.
Valuation Approach: CLB share valuation is based on two valuation methods: A Market Multiple-based approach, and a Discounted Cash Flow (DCF) valuation. A Price-Earnings Multiple is applied to the Next Twelve Month consensus EPS estimate, on an exCash basis. The DCF valuation is based on a two-stage approach, which discounts the company’s expected cash flows using our estimate of the Weighted Average Cost of Capital.
Anadarko Petroleum (NYSE:APC)
Latest Update: February 10, 2017
Model Summary: This model uses the average selling price per barrel of oil and projections of oil & condensate volume to forecast oil-based earnings, and natural gas prices and volume to project natural gas-based earnings. In addition the model uses ratio analysis to forecast costs and other income statement line items.
Anadarko Focuses Investments to Maximize Future Value
Despite missing analyst expectations for adjusted earnings per share and revenue, Anadarko (NYSE: APC) gave relatively positive guidance considering the current market conditions and price environment. Average price for natural gas, oil and condensates saw slight improvements...click to continue reading
Will Anadarko's Asset Acquisitions Payoff in the Long-Term?
Last quarter Anadarko (NYSE: APC) achieved several production and sales volume records in some of its important strategic regions on both domestic and international levels. Anadarko's second-quarter sales volumes of natural gas, oil and natural gas liquids (NGLs) totaled 72 million BOE, or an average of 792,000 BOE per day. Investors will be watching closely in tomorrow's third quarter release to see if these trends continue...click to continue reading
Schlumberger Posts Mixed Q3 - Management Calls Cycle Bottom
There are several key takeaways from Schlumberger’s (NYSE:SLB) 3Q16 earnings conference call. Schlumberger Chairman and CEO Paal Kibsgaard commented, “After seven quarters of unprecedented activity decline, the business environment stabilized as expected in the third quarter, confirming that we have indeed reached the bottom of the cycle.” The primary reason for missed revenue figure was...click to continue reading