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
In this section, we usually try to help investors determine whether Range Energy Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Range Energy Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.
Show me the analysis anyway
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Range Energy Resources. This is due to cash flow or dividend data being
unavailable. The share price is
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
Range Energy Resources's
is considered below, and whether this is a fair price.
Price based on past earnings
Range Energy Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
Range Energy Resources has negative assets, we can't compare the value of its assets to the CA Oil and Gas industry average.
Take a look at our analysis of RGO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Range Energy Resources's regulatory filings and announcements.
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Range Energy Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
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
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Range Energy Resources
expected to grow at an
Unable to compare Range Energy Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Range Energy Resources's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Range Energy Resources's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Range Energy Resources is high growth as no earnings estimate data is available.
Unable to determine if Range Energy Resources is high growth as no revenue estimate data is available.
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.
Range Energy Resources's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Oil and Gas
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Range Energy Resources
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Range Energy Resources's finances.
The net worth of a company is the difference between its assets and liabilities.
Range Energy Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Range Energy Resources has no long term commitments.
This treemap shows a more detailed breakdown of
Range Energy Resources'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Range Energy Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Allan James Bezanson has been Chief Executive Officer and Director of Range Energy Resources Inc. since August 1, 2019. Mr. Bezanson has been an Executive Vice President of Capital Markets of Founders Advantage Capital Corp. since February 23, 2016 and an Independent Director. He is responsible for developing, analyzing and executing the capital market profile for the company. Mr. Bezanson served as an Interim Chief Executive Officer of Founders Advantage Capital Corp. since April 9, 2015 until February 2016. Mr. Bezanson served as an Interim President at Range Energy Resources Inc. from September 7, 2012 to January 28, 2016. He has been Executive Vice President of Capital Markets at FCF Capital Inc. since February 23, 2016. He served as an Interim Chief Executive Officer of Brilliant Resources Inc. from March 2015 to February 2016. He served as a Managing Partner for Cornerstone Capital Partners since February 2010. He served as the President and Partner of Oballan Capital and Osprey Capital Partners Inc. He began his career in Calgary, where he developed deep energy industry experience, structuring, financing and leading domestic and international mergers and acquisitions for Nowsco. Mr. Bezanson opened up subsidiaries in Europe, Russia, Middle and Far East and was posted in the Netherlands and Guernsey. Mr. Bezanson served as Managing Director of Nowsco (IFC) BV, where he structured and financed the international operations of Nowsco Well Service Ltd. During that time, he ran the arbitrage book for two leading Canadian investment houses. Upon leaving Nowsco, he established a financial service company in Barbados where he managed accounts for clients including a leading mortgage company and several Canadian investment banks. Prior to joining Osprey Capital in August of 2005, Mr. Bezanson ran Oballan Capital, where he specialized in leveraged management buyouts, advising on trust conversions, reverse takeover and select trading strategies. He served as President and Partner at Phoenix Research and Trading and President of Protec Trading Inc. In 1997, Mr. Bezanson sold his interest in Phoenix and formed Oballan Capital, active in both Calgary and Toronto markets in financial advisory and corporate finance. During his tenure there, he structured, negotiated and financed a number of debt and equity financings, including the management led leveraged buyout of Emera Fuels from Emera. Mr. Benzanson advised on a number of going private transactions and developed strong relationship in the private equity and public company arena. He has been the Chairman of the Board of Gale Force Petroleum Inc since February 12, 2014 and has been its Director since November 2013. He serves as an Independent Director at Eco Oro Minerals Corp. He has been an Independent Director of Brilliant Resources Inc. since October 8, 2013. He served as an Independent Director of Range Energy Resources Inc. since April 4, 2011 until August 1, 2019. Mr. Bezanson has been a Director of Montana Exploration Corp. since 2015. He served as the Lead Director of iLOOKABOUT Corp., since June 2013. He has been Director at iLOOKABOUT Corp. since June 2013. He served as a Director of Longford Energy Inc. since August 8, 2012. Mr. Bezanson served as Chairman of Bluewave Energy and embarked on a roll-up of other energy distribution businesses including the downstream distribution assets of Shell Canada. He has a Bachelor of Commerce from Dalhousie University.
Allan's compensation has been consistent with company performance over the past year, both up more than 20%.
Allan's remuneration is lower than average for companies of similar size in Canada.
CEO & Director
CFO & Corporate Secretary
Board of Directors Tenure
Average tenure and age of the
Range Energy Resources
board of directors in years:
The average tenure for the Range Energy Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors
CEO & Director
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Range Energy Resources Inc., a development stage company, engages in the acquisition, exploration, and development of oil and gas properties. Its principal asset is the Khalakan Block located in the Kurdistan Region of Iraq. The company was formerly known as Hawkstone Energy Corp. and changed its name to Range Energy Resources Inc. in November 2011. Range Energy Resources Inc. is headquartered in Vancouver, Canada. Range Energy Resources Inc. is a subsidiary of 2706791 Ontario Inc.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.