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Permex Petroleum

CNSX:OIL
Snowflake Description

Imperfect balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OIL
CNSX
CA$2M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Permex Petroleum Corporation engages in the acquisition, development, and production of oil and gas properties in the United States. The last earnings update was 17 days ago. More info.


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OIL Share Price and Events
7 Day Returns
-9.1%
CNSX:OIL
2.7%
CA Oil and Gas
1.2%
CA Market
1 Year Returns
-86.1%
CNSX:OIL
-12.5%
CA Oil and Gas
-0.2%
CA Market
OIL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Permex Petroleum (OIL) -9.1% -33.3% -58.3% -86.1% - -
CA Oil and Gas 2.7% 7.7% -0.8% -12.5% -17.5% -39.4%
CA Market 1.2% 4.2% 1.5% -0.2% 8.4% 1.8%
1 Year Return vs Industry and Market
  • OIL underperformed the Oil and Gas industry which returned -12.5% over the past year.
  • OIL underperformed the Market in Canada which returned -0.2% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

OIL Value

 Is Permex Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Permex Petroleum. This is due to cash flow or dividend data being unavailable. The share price is CA$0.05.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Permex Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Permex Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:OIL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.04
CNSX:OIL Share Price ** CNSX (2019-09-13) in CAD CA$0.05
Canada Oil and Gas Industry PE Ratio Median Figure of 68 Publicly-Listed Oil and Gas Companies 9.14x
Canada Market PE Ratio Median Figure of 538 Publicly-Listed Companies 14.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Permex Petroleum.

CNSX:OIL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:OIL Share Price ÷ EPS (both in CAD)

= 0.05 ÷ -0.04

-1.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Permex Petroleum is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Permex Petroleum is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Permex Petroleum's expected growth come at a high price?
Raw Data
CNSX:OIL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
66.6%per year
Canada Oil and Gas Industry PEG Ratio Median Figure of 40 Publicly-Listed Oil and Gas Companies 0.05x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 0.98x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Permex Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Permex Petroleum's assets?
Raw Data
CNSX:OIL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.16
CNSX:OIL Share Price * CNSX (2019-09-13) in CAD CA$0.05
Canada Oil and Gas Industry PB Ratio Median Figure of 219 Publicly-Listed Oil and Gas Companies 0.77x
Canada Market PB Ratio Median Figure of 2,452 Publicly-Listed Companies 1.44x
CNSX:OIL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:OIL Share Price ÷ Book Value per Share (both in CAD)

= 0.05 ÷ 0.16

0.32x

* Primary Listing of Permex Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Permex Petroleum is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Permex Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Permex Petroleum has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OIL Future Performance

 How is Permex Petroleum expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
66.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Permex Petroleum expected to grow at an attractive rate?
  • Unable to compare Permex Petroleum's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Permex Petroleum's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.
  • Permex Petroleum's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
CNSX:OIL Future Growth Rates Data Sources
Data Point Source Value (per year)
CNSX:OIL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 66.6%
CNSX:OIL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 37.4%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -4.2%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:OIL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:OIL Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30 3 0 0 1
2019-09-30 2 0 -1 1
2019-09-15
CNSX:OIL Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 2 0 -1
2019-03-31 1 -1 -2
2018-12-31 1 0 -2
2018-09-30 1 -1 -3
2017-09-30 0 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Permex Petroleum is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Permex Petroleum's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:OIL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Permex Petroleum Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:OIL Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30 -0.01 -0.01 -0.01 1.00
2019-09-30 -0.02 -0.02 -0.02 1.00
2019-09-15
CNSX:OIL Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.04
2019-03-31 -0.05
2018-12-31 -0.06
2018-09-30 -0.10
2017-09-30 -0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Permex Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Permex Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Permex Petroleum has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OIL Past Performance

  How has Permex Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Permex Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Permex Petroleum does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Permex Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Permex Petroleum's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Permex Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Permex Petroleum Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:OIL Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1.80 -1.37 1.38
2019-03-31 1.50 -1.87 1.78
2018-12-31 1.24 -2.03 1.83
2018-09-30 0.94 -2.90 2.60
2017-09-30 0.11 -0.39 0.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Permex Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Permex Petroleum has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Permex Petroleum improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Permex Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Permex Petroleum has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OIL Health

 How is Permex Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Permex Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Permex Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Permex Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Permex Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Permex Petroleum has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Permex Petroleum Company Filings, last reported 2 months ago.

CNSX:OIL Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 6.28 0.00 0.02
2019-03-31 5.95 0.00 0.01
2018-12-31 5.94 0.02 0.02
2018-09-30 6.25 0.00 0.02
2017-09-30 4.08 0.00 0.55
  • Permex Petroleum has no debt.
  • Permex Petroleum currently has no debt however we can't compare to 5 years ago as we have no data for that period.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Permex Petroleum has less than a year of cash runway based on current free cash flow.
  • Permex Petroleum has less than a year of cash runway if free cash flow continues to grow at historical rates of 47.4% each year.
X
Financial health checks
We assess Permex Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Permex Petroleum has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OIL Dividends

 What is Permex Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Permex Petroleum dividends.
If you bought CA$2,000 of Permex Petroleum shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Permex Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Permex Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:OIL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 4.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

CNSX:OIL Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-09-30
2019-09-30
2019-09-15

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Permex Petroleum has not reported any payouts.
  • Unable to verify if Permex Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Permex Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Permex Petroleum has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Permex Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Permex Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Permex Petroleum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OIL Management

 What is the CEO of Permex Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mehran Ehsan
COMPENSATION CA$150,000
AGE 37
CEO Bio

Mr. Mehran Ehsan serves as the President, Chief Executive Officer, Director and Treasurer of Kentucky Petroleum Operating Ltd. Mr. Ehsan serves as the Chief Executive Officer, President and Director of N.A Energy Resources Corporation. He serves as President and Chief Executive Officer at Permex Petroleum Corp. and has been its Director since April 24, 2017. He serves as the President and Chief Executive Officer at Permex Petroleum Operating Ltd. Mr. Ehsan has 12 years of experience in the oil and gas and private equity sectors. He has led teams in the creation of many upstream oil and gas companies with a focus on acquisitions and divestitures. Over the last eight years, Mr. Ehsan has been involved as a manager in mergers, acquisitions and divestitures, financing arrangements and investment with a specialty in oil and gas opportunities. He has been directly involved and facilitated syndication of over $82 million in capital syndication and injection within various investment markets. Over the last 12 years Mr. Ehsan has been involved as owner of O&G direct participation programs, and as a manager in mergers, acquisitions & divestitures, financing arrangements and investment with a specialty in oil and gas opportunities.He has vast experience ranges from private to public and government based oil and gas deals; he has worked with oil and gas companies such as Marun Oil & Gas Production, West Texas Investment Corp and Renewable Energy Companies such as Excelsior, other corporate involvements of Mr. Ehsan range from corporate finance at Triledor Entertainment to Darmar Industries where Mr. Ehsan sits on an advisory basis. His academic background ranges from a spectrum of marketing management, business management, wealth management and petroleum based curriculums and programs. He is an MBA candidate with specialty in Finance. Mr. Ehsan has authored various articles in the oil and gas industry, with presence as a guest speaker and judge in both this industry and academia related events.

CEO Compensation
  • Mehran's compensation has increased whilst company is loss making.
  • Mehran's remuneration is about average for companies of similar size in Canada.
Management Team

Mehran Ehsan

TITLE
President
COMPENSATION
CA$150K
AGE
37

Scott Kelly

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$30K
AGE
43

Barry Whelan

TITLE
COO & Director
COMPENSATION
CA$11K
AGE
77

Justin Kates

TITLE
General Counsel & Independent Director
AGE
36

Connie Hang

TITLE
Controller
Board of Directors Tenure

Average tenure and age of the Permex Petroleum board of directors in years:

1.8
Average Tenure
51.5
Average Age
  • The average tenure for the Permex Petroleum board of directors is less than 3 years, this suggests a new board.
Board of Directors

Scott Kelly

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$30K
AGE
43
TENURE
1.8 yrs

Barry Whelan

TITLE
COO & Director
COMPENSATION
CA$11K
AGE
77
TENURE
2.4 yrs

Justin Kates

TITLE
General Counsel & Independent Director
AGE
36
TENURE
1.8 yrs

Edward Odishaw

TITLE
Independent Director
AGE
83
TENURE
1.8 yrs

Mehran Ehsan

TITLE
President
COMPENSATION
CA$150K
AGE
37

Peter Dorrins

TITLE
Member of Advisory Board
TENURE
1.1 yrs

Diana Goldstein

TITLE
Member of Advisory Board
TENURE
1.1 yrs

Doug Urch

TITLE
Director
AGE
60
TENURE
0.8 yrs

Wayne Schoen

TITLE
Member of Advisory Board

Kit Maddox

TITLE
Member of Advisory Board
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Permex Petroleum individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
11. Sep 19 Buy Scott Kelly Individual 09. May 19 09. May 19 250,000 CA$0.15 CA$37,500
11. Sep 19 Buy Scott Kelly Individual 06. Sep 19 06. Sep 19 11,000 CA$0.07 CA$715
08. May 19 Buy Mehran Ehsan Individual 08. May 19 08. May 19 730,000 CA$0.15 CA$109,500
08. May 19 Buy Douglas Urch Individual 08. May 19 08. May 19 100,000 CA$0.15 CA$15,000
08. May 19 Buy Earl Tobin Individual 08. May 19 08. May 19 13,333 CA$0.15 CA$2,000
08. May 19 Buy Barry Whelan Individual 08. May 19 08. May 19 142,000 CA$0.15 CA$21,300
02. May 19 Buy Mehran Ehsan Individual 29. Apr 19 29. Apr 19 55,000 CA$0.15 CA$8,250
22. Apr 19 Buy Mehran Ehsan Individual 17. Apr 19 17. Apr 19 60,000 CA$0.16 CA$9,300
04. Apr 19 Buy Mehran Ehsan Individual 01. Apr 19 01. Apr 19 68,000 CA$0.16 CA$10,880
14. Mar 19 Buy Mehran Ehsan Individual 14. Mar 19 14. Mar 19 31,000 CA$0.15 CA$4,557
14. Mar 19 Buy Barry Whelan Individual 11. Mar 19 12. Mar 19 9,500 CA$0.12 CA$1,100
13. Mar 19 Buy Mehran Ehsan Individual 13. Mar 19 13. Mar 19 150,000 CA$0.14 CA$20,250
12. Mar 19 Buy Mehran Ehsan Individual 12. Mar 19 12. Mar 19 122,000 CA$0.14 CA$14,970
05. Dec 18 Buy Barry Whelan Individual 30. Nov 18 30. Nov 18 4,000 CA$0.23 CA$900
19. Nov 18 Buy Mehran Ehsan Individual 14. Nov 18 14. Nov 18 5,000 CA$0.24 CA$1,200
19. Nov 18 Buy Douglas Urch Individual 16. Nov 18 16. Nov 18 40,000 CA$0.24 CA$9,548
07. Nov 18 Buy Barry Whelan Individual 05. Nov 18 05. Nov 18 5,500 CA$0.24 CA$1,347
02. Nov 18 Buy Mehran Ehsan Individual 29. Oct 18 01. Nov 18 4,000 CA$0.24 CA$954
25. Sep 18 Buy Barry Whelan Individual 25. Sep 18 25. Sep 18 2,500 CA$0.35 CA$875
X
Management checks
We assess Permex Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Permex Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OIL News

Simply Wall St News

Did Permex Petroleum Corporation (CNSX:OIL) Insiders Buy Up More Shares?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for Permex Petroleum The Last 12 Months Of Insider Transactions At Permex Petroleum Over the last year, we can see that the biggest insider purchase was by President Mehran Ehsan for CA$110k worth of shares, at about CA$0.15 per share. … Permex Petroleum insiders may have bought shares in the last year, but they didn't sell any. … CNSX:OIL Recent Insider Trading, August 26th 2019 Insider Ownership of Permex Petroleum Many investors like to check how much of a company is owned by insiders.

Simply Wall St -

If You Had Bought Permex Petroleum (CNSX:OIL) Stock A Year Ago, You'd Be Sitting On A 74% Loss, Today

Check out our latest analysis for Permex Petroleum We don't think Permex Petroleum's revenue of CA$1,499,975 is enough to establish significant demand. … But since the share price has dived -74% in the last year, it looks like some investors think it's time to abandon ship, so to speak. … You can find out about the insider purchases of Permex Petroleum by clicking this link.

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OIL Company Info

Description

Permex Petroleum Corporation engages in the acquisition, development, and production of oil and gas properties in the United States. The company holds interests in the Pittcock North property that covers an area of 320 acres, as well as the Pittcock South property that covers an area of 498 acres located on the Eastern Shelf of the Midland Basin; Mary Bullard property that covers an area of 241 acres located in Stonewall County; McMurtry property covering an area of 530 net acres located in Young County; Loving property, which covers an area of 980 net acres located on the boundary between Jack and Young Counties in Texas; and Peavy property that covers an areas of 160 acres located in Young County, Texas. It also holds interests in the West Henshaw property, which covers an area of 1,880 acres located in Eddy County, New Mexico; Oxy Yates property that covers an area of 680 acres located in Eddy County; and ODC San Andres & Taylor property located in Gaines County, Texas. The company was incorporated in 2017 and is headquartered in Vancouver, Canada.

Details
Name: Permex Petroleum Corporation
OIL
Exchange: CNSX
Founded: 2017
CA$2,001,205
40,024,114
Website: http://www.permexpetroleum.com
Address: Permex Petroleum Corporation
625 Howe Street,
Suite 1290,
Vancouver,
British Columbia, V6C 2T6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX OIL Common Shares Canadian National Stock Exchange CA CAD 17. May 2018
OTCPK OILC.F Common Shares Pink Sheets LLC US USD 17. May 2018
Number of employees
Current staff
Staff numbers
0
Permex Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/15 01:30
End of day share price update: 2019/09/13 00:00
Last estimates confirmation: 2019/09/05
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.