Accident Investigation Essay Example | Topics and Well Written Essays - 500 words

Accident Investigation - Essay Example These 11 accidents are divided into two parts: (1) the absence of gas monitoring; and (2) the lack of proper gas testing (â€Å"Seven Key,† 2010). The bulletin mentioned about OSHA’s (Occupational Safety and Health Administration) standard practices that should be critically followed during the work’s operation. The OSHA hot work standard 29 CFR 1910.252 refers to guidelines in performing welding, brazing, and other similar field operations. Usually, OSHA discourages hot work in an environment that is prone to explosion. However, OSHA fails to directly mandate the utilization of combustible gas detector before and during the hot work (â€Å"Seven Key,† 2010). Of the seven lessons drawn, two of these lessons are given emphasis: first is analyzing the hazards; and second is monitoring the atmosphere (â€Å"Seven Key,† 2010). To analyze the hazards means conducting assessment in the work field. Workers or technical professions identify the work’s scope, study possible hazards, and look for ways of controlling or eliminating these hazards. On the other hand, to monitor the atmosphere means to check, from time to time, if there’s a presence of flammable gas using the combustible gas detector (â€Å"Seven Key,† 2010). Clearly, these lessons offer methods or procedures on how to conduct hot works before those works are carried out. On the one hand, the bulletin’s premise on the third lesson (i.e., monitoring the atmosphere) is quite heavy, if not redundant. In conducting gas monitoring, says the bulletin, it should be done before and during the hot work operation (â€Å"Seven Key,† 2010). I wonder if it can be done only before, no more after, the hot work activity. This has three main implications: (1) the combustible gas detector is unreliable; (2) the technical men employing such detector do not know how to properly use them; (3) there’s no use of monitoring the atmosphere before hot work begins. Moreover, the

Companies analysis Essay Example | Topics and Well Written Essays - 750 words

Companies analysis - Essay Example The company offers Kangaroo -TV, a medium for targeted advertising, merchandising, market surveying, and branding1. The recent history of the company shows that it has continued making losses and its share prices have dipped to CAD 0.49 (January 11, 2008: close) - an all time low. The 52 week high is recorded at $3.86 as recently as on December 2, 2007 - a drop of 87% in 17 trading sessions. The plunge thereafter is not surprising, as the stock has found its rational floor from an all time high of $7.65 on May 12, 2006. The rapid fall is despite the news emanating from the company in recent times: The share price movement indicates no connection with stock market indices; with a beta of -0.17 compared with the S&P Index. None of the other indicators like PE, Ask-Bid gap throw up any relevant numbers for analysis. Any investment in this share can only be based on a gut-feel. Technology employed by the company is unique and has good market potential. The only reason for holding this stock is the likelihood of a takeover by a larger and financially stronger company - then too the new company is not likely to offer a very high price to shareholders in case of an aggressive takeover. This stock is useless for prudent portfolio management. Any stocks held should be sold at the best possible price. World Point Terminals, Inc. ... They provide storage, blending, and transportation of crude oil, refined petroleum products, and other liquids to their customers. The company's center point terminals store residual oils, such as liquid asphalt and heavy fuels; and lights oils, such as gasoline, diesel, and heating oil. It also provides crude oil storage services through its south riding point terminal facility. In addition, the company, through a joint venture, operates a fleet of tugs providing marine services5. The company was founded in 1942. The company's stock performance has been good. Some of the key performance indicators are: PE ratio of 21.2, EPS $7.80; 52-week high $26.50; 52-week low $13.68 and present price $15.00 (January 9, 2008 close). We observe that the movement of the stock take place in a narrow band and is mostly linked to the S&P Index as indicate by a beta of 0.966. Some of the key developments announced by the company in recent times are: Financial Reports for the third quarter and nine months ended June 30, 2007 reported7. World Point Terminals Inc. Announces Earnings Results for the First Quarter Ended March 31, 2007 World Point Terminals Declares Extraordinary Dividend Payable on December 15, 2006 The latest financial report is heartening for the investor and performance on all fronts has been good. Net profit margin is up to 30.51% for the quarter and 28.65% for the first nine months as compared to 24.41 for 2006. Return on equity is up from 10.07% in 2006 to 25.35% for the quarter; the year to date return of 11.98% reflects the temporary setbacks the company had in the first six months and it appears to be emerging out of its troubles. The extraordinary dividend (the