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Range Energy Resources

CNSX:RGO
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RGO
CNSX
€86K
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Range Energy Resources Inc. engages in the acquisition, exploration, and development of oil and gas properties. The last earnings update was 20 days ago. More info.


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RGO Share Price and Events
7 Day Returns
0%
CNSX:RGO
2.7%
CA Oil and Gas
1.2%
CA Market
1 Year Returns
0%
CNSX:RGO
-12.5%
CA Oil and Gas
-0.2%
CA Market
RGO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Range Energy Resources (RGO) 0% 0% 0% 0% -75% -
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
  • RGO outperformed the Oil and Gas industry which returned -12.5% over the past year.
  • RGO matched the Canada Market (-0.2%) over the past year.
Price Volatility
RGO
Industry
5yr Volatility vs Market

Value

 Is Range Energy Resources 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.

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 CA$0.005.
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 earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Range Energy Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:RGO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.05
DB:YGK Share Price ** DB (2019-09-04) in EUR €0
DB:YGK Share Price converted to CAD reporting currency Exchange rate (EUR/ CAD) 1.469 CA$0
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 Range Energy Resources.

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

= DB:YGK Share Price ÷ EPS (both in CAD)

= 0 ÷ -0.05

-0x

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

  • Range Energy Resources is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Range Energy Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Range Energy Resources's expected growth come at a high price?
Raw Data
CNSX:RGO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 Range Energy Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Range Energy Resources's assets?
Raw Data
CNSX:RGO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$-0.02
DB:YGK Share Price * DB (2019-09-04) in EUR €0
DB:YGK Share Price converted to CAD reporting currency Exchange rate (EUR/ CAD) 1.469 CA$0
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:RGO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:YGK Share Price ÷ Book Value per Share (both in CAD)

= 0 ÷ -0.02

-0.01x

* Primary Listing of Range Energy Resources.

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

  • Range Energy Resources has negative assets, we can't compare the value of its assets to the CA Oil and Gas industry average.

Next steps:

  1. 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.
  2. 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.
  3. Show me more potentially undervalued companies in the Oil and Gas industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Range Energy Resources'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. Range Energy Resources has a total score of 0/6, 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.

Future Performance

 How is Range Energy Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 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
-4.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Range Energy Resources expected to grow at an attractive rate?
  • 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.
Annual Growth Rates Comparison
Raw Data
CNSX:RGO Future Growth Rates Data Sources
Data Point Source Value (per year)
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:RGO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:RGO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 0 -45
2019-03-31 0 -46
2018-12-31 0 -45
2018-09-30 0 -32
2018-06-30 0 -32
2018-03-31 0 -31
2017-12-31 0 -31
2017-09-30 0 -1
2017-06-30 0 -1
2017-03-31 0 0
2016-12-31 -1 0
2016-09-30 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 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.
Raw Data
CNSX:RGO 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 0 Analyst Estimates (S&P Global) See Below

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

CNSX:RGO Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.05
2019-03-31 -0.05
2018-12-31 -0.05
2018-09-30 -0.04
2018-06-30 -0.04
2018-03-31 -0.04
2017-12-31 -0.04
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00

*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 Range Energy Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. Range Energy Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Range Energy Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Range Energy Resources'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.
Range Energy Resources has a total score of 0/6, 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.

Past Performance

  How has Range Energy Resources 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 Range Energy Resources'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.
  • Range Energy Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Range Energy Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Range Energy Resources's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Range Energy Resources'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 Range Energy Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:RGO 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 -45.30 0.22
2019-03-31 -45.62 0.24
2018-12-31 -45.41 0.25
2018-09-30 -32.06 0.25
2018-06-30 -32.03 0.26
2018-03-31 -31.44 0.26
2017-12-31 -31.19 0.30
2017-09-30 -1.10 0.31
2017-06-30 -0.79 0.31
2017-03-31 -0.49 0.33
2016-12-31 -0.48 0.34
2016-09-30 -0.62 -0.37
2016-06-30 -1.06 0.06
2016-03-31 -1.34 0.27
2015-12-31 -1.31 0.51
2015-09-30 1.78 1.57
2015-06-30 2.04 1.32
2015-03-31 2.29 1.14
2014-12-31 2.21 0.87
2014-09-30 -1.42 0.72
2014-06-30 -1.31 0.64
2014-03-31 -1.83 1.20
2013-12-31 -2.03 1.49
2013-09-30 -1.27 1.30
2013-06-30 -1.64 1.68
2013-03-31 -1.52 1.55
2012-12-31 -1.51 1.57
2012-09-30 -1.82 1.73

*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 Range Energy Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Range Energy Resources 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 Range Energy Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Range Energy Resources'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.
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.

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

Health

 How is Range Energy Resources'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 Range Energy Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
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 checks below.
Assets
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.
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 Range Energy Resources Company Filings, last reported 2 months ago.

CNSX:RGO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 -20.61 20.51 0.00
2019-03-31 -19.95 19.88 0.02
2018-12-31 -19.34 19.31 0.06
2018-09-30 23.63 18.60 0.14
2018-06-30 24.16 18.12 0.20
2018-03-31 25.14 17.22 0.27
2017-12-31 25.46 16.95 0.34
2017-09-30 54.58 15.58 0.43
2017-06-30 54.93 12.63 0.31
2017-03-31 55.27 9.19 0.39
2016-12-31 55.25 4.37 0.06
2016-09-30 55.41 3.19 0.04
2016-06-30 55.50 0.91 0.09
2016-03-31 53.66 0.00 0.52
2015-12-31 49.42 0.00 0.07
2015-09-30 46.65 0.00 0.12
2015-06-30 45.83 0.00 0.06
2015-03-31 46.21 0.00 2.35
2014-12-31 46.32 0.00 0.85
2014-09-30 41.03 0.00 0.51
2014-06-30 40.29 0.00 0.49
2014-03-31 37.55 0.00 1.40
2013-12-31 37.73 0.00 4.09
2013-09-30 32.48 0.00 1.91
2013-06-30 32.64 0.00 2.58
2013-03-31 33.28 0.00 3.66
2012-12-31 30.19 0.00 1.18
2012-09-30 30.27 0.00 3.17
  • Range Energy Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Range Energy Resources's debt level has increased considering it has negative shareholder equity.
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.

  • Range Energy Resources has less than a year of cash runway based on current free cash flow.
  • Range Energy Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -67.1% each year.
X
Financial health checks
We assess Range Energy Resources'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. Range Energy Resources has a total score of 1/6, 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.

Dividends

 What is Range Energy Resources'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 Range Energy Resources dividends.
If you bought CA$2,000 of Range Energy Resources 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 Range Energy Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Range Energy Resources'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:RGO 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 0 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.

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

  • Unable to perform a dividend volatility check as Range Energy Resources has not reported any payouts.
  • Unable to verify if Range Energy Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Range Energy Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Range Energy Resources 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 Range Energy Resources'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 Range Energy Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Range Energy Resources 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.

Management

 What is the CEO of Range Energy Resources'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
Allan Bezanson
COMPENSATION CA$0
AGE 62
TENURE AS CEO 0.1 years
CEO Bio

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.

CEO Compensation
  • 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.
Management Team

Allan Bezanson

TITLE
CEO & Director
AGE
62
TENURE
0.1 yrs

Eugene Beukman

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$121K
AGE
61
TENURE
4.9 yrs
Board of Directors Tenure

Average tenure and age of the Range Energy Resources board of directors in years:

4.3
Average Tenure
62
Average Age
  • The tenure for the Range Energy Resources board of directors is about average.
Board of Directors

Allan Bezanson

TITLE
CEO & Director
AGE
62
TENURE
8.4 yrs

Roger Bethell

TITLE
Independent Director
TENURE
9.3 yrs

Peter McRae

TITLE
Director
AGE
72
TENURE
0.1 yrs

Rick Pawluk

TITLE
Director
AGE
49
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
02. Aug 19 Buy 2706791 Ontario Inc. Company 31. Jul 19 31. Jul 19 609,351,075 CA$0.02 CA$12,187,397
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Management checks
We assess Range Energy Resources'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. Range Energy Resources 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.

News

Simply Wall St News

Company Info

Description

Range Energy Resources Inc. engages in the acquisition, exploration, and development of oil and gas properties. It primarily owns interests in 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. was incorporated in 2005 and is headquartered in Vancouver, Canada. As of July 31, 2019, Range Energy Resources Inc. operates as a subsidiary of 2706791 Ontario Inc.

Details
Name: Range Energy Resources Inc.
RGO
Exchange: CNSX
Founded: 2005
€125,757
856,225,977
Website: http://www.rangeenergyresources.com
Address: Range Energy Resources Inc.
789 West Pender Street,
Suite 810,
Vancouver,
British Columbia, V6C 1H2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB YGK Common Shares Deutsche Boerse AG DE EUR 12. Feb 2007
OTCPK RGOZ.F Common Shares Pink Sheets LLC US USD 12. Feb 2007
CNSX RGO Common Shares Canadian National Stock Exchange CA CAD 12. Feb 2007
Number of employees
Current staff
Staff numbers
0
Range Energy Resources 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 01:02
End of day share price update: 2019/09/04 00:00
Last earnings filing: 2019/08/26
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.