Loading...

We've got a brand new version of Simply Wall St! Try it out

Questerre Energy

TSX:QEC
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QEC
TSX
CA$73M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Questerre Energy Corporation acquires, explores for, and develops non-conventional oil and gas projects in North America. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Questerre Energy has significant price volatility in the past 3 months.
QEC Share Price and Events
7 Day Returns
6.3%
TSX:QEC
2.9%
CA Oil and Gas
-0.1%
CA Market
1 Year Returns
-42.4%
TSX:QEC
4.9%
CA Oil and Gas
10.8%
CA Market
QEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Questerre Energy (QEC) 6.3% -5.6% -30.6% -42.4% -83.3% -54.1%
CA Oil and Gas 2.9% 0.6% 3.2% 4.9% -22.4% -16.2%
CA Market -0.1% 0% 1.2% 10.8% 4.6% 19.4%
1 Year Return vs Industry and Market
  • QEC underperformed the Oil and Gas industry which returned 4.9% over the past year.
  • QEC underperformed the Market in Canada which returned 10.8% over the past year.
Price Volatility
QEC
Industry
5yr Volatility vs Market

QEC Value

 Is Questerre Energy 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 Questerre Energy. This is due to cash flow or dividend data being unavailable. The share price is CA$0.17.
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 Questerre Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Questerre Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:QEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$0.03
TSX:QEC Share Price ** TSX (2019-12-10) in CAD CA$0.17
Canada Oil and Gas Industry PE Ratio Median Figure of 67 Publicly-Listed Oil and Gas Companies 10.15x
Canada Market PE Ratio Median Figure of 511 Publicly-Listed Companies 15.12x

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

** Primary Listing of Questerre Energy.

TSX:QEC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:QEC Share Price ÷ EPS (both in CAD)

= 0.17 ÷ 0.03

5.24x

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

  • Questerre Energy is good value based on earnings compared to the CA Oil and Gas industry average.
  • Questerre Energy is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Questerre Energy's expected growth come at a high price?
Raw Data
TSX:QEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-10.3%per year
Canada Oil and Gas Industry PEG Ratio Median Figure of 38 Publicly-Listed Oil and Gas Companies -0.05x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 1.13x

*Line of best fit is calculated by linear regression .

TSX:QEC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.24x ÷ -10.3%

-0.51x

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

  • Questerre Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Questerre Energy's assets?
Raw Data
TSX:QEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$0.47
TSX:QEC Share Price * TSX (2019-12-10) in CAD CA$0.17
Canada Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 0.64x
Canada Market PB Ratio Median Figure of 2,315 Publicly-Listed Companies 1.27x
TSX:QEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:QEC Share Price ÷ Book Value per Share (both in CAD)

= 0.17 ÷ 0.47

0.36x

* Primary Listing of Questerre Energy.

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

  • Questerre Energy is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Questerre Energy'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. Questerre Energy has a total score of 3/6, 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.

QEC Future Performance

 How is Questerre Energy 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
-10.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Questerre Energy expected to grow at an attractive rate?
  • Questerre Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Questerre Energy's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
  • Questerre Energy's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:QEC Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:QEC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -10.3%
TSX:QEC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 42.1%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -7.1%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
TSX:QEC 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.
TSX:QEC Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 50 10 1
2019-12-31 35 6 1
TSX:QEC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 29 8 13
2019-06-30 27 9 10
2019-03-31 29 13 12
2018-12-31 31 13 13
2018-09-30 32 16 -19
2018-06-30 30 19 -20
2018-03-31 25 13 -24
2017-12-31 20 15 -25
2017-09-30 18 13 -3
2017-06-30 17 6 -1
2017-03-31 17 6 0
2016-12-31 16 7 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Questerre Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Questerre Energy'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
TSX:QEC 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 Questerre Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:QEC Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.02 0.02 0.02 1.00
2019-12-31 0.01 0.01 0.01 1.00
TSX:QEC Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 0.03
2019-06-30 0.02
2019-03-31 0.03
2018-12-31 0.03
2018-09-30 -0.05
2018-06-30 -0.05
2018-03-31 -0.07
2017-12-31 -0.07
2017-09-30 -0.01
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 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 Questerre Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Questerre Energy'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.
Questerre Energy 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.

QEC Past Performance

  How has Questerre Energy 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 Questerre Energy'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.
  • Questerre Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Questerre Energy has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Questerre Energy has become profitable in the last year making it difficult to compare the CA Oil and Gas industry average.
Earnings and Revenue History
Questerre Energy'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 Questerre Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:QEC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 29.06 13.16 5.02
2019-06-30 26.89 9.80 5.25
2019-03-31 28.86 12.47 4.92
2018-12-31 31.08 13.47 5.14
2018-09-30 31.80 -19.43 4.94
2018-06-30 30.23 -20.05 4.79
2018-03-31 24.99 -24.24 4.48
2017-12-31 20.27 -24.82 3.55
2017-09-30 17.77 -3.11 3.37
2017-06-30 16.56 -1.48 3.21
2017-03-31 16.63 -0.03 2.85
2016-12-31 16.18 0.17 2.88
2016-09-30 16.84 -59.55 2.70
2016-06-30 19.00 -76.71 2.75
2016-03-31 20.72 -73.20 3.26
2015-12-31 20.77 -73.53 3.49
2015-09-30 22.77 -56.61 1.16
2015-06-30 22.18 -37.76 2.01
2015-03-31 22.09 -38.57 2.11
2014-12-31 26.30 -36.74 2.70
2014-09-30 24.64 -13.83 6.30
2014-06-30 25.31 -15.41 6.71
2014-03-31 24.56 -16.61 6.23
2013-12-31 22.49 -19.35 7.24
2013-09-30 21.96 -20.80 5.90
2013-06-30 20.34 -20.02 4.81
2013-03-31 18.46 -19.26 5.39
2012-12-31 17.57 -19.47 5.17

*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.
  • Questerre Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Questerre Energy used its assets less efficiently than the CA Oil and Gas industry average last year based on Return on Assets.
  • Questerre Energy has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Questerre Energy'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.
Questerre Energy has a total score of 2/6, 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.

QEC Health

 How is Questerre Energy'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 Questerre Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Questerre Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Questerre Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Questerre Energy'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.
  • Debt is covered by short term assets, assets are 2x debt.
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 Questerre Energy Company Filings, last reported 2 months ago.

TSX:QEC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 200.97 16.97 29.84
2019-06-30 199.11 14.69 30.97
2019-03-31 186.81 16.16 18.25
2018-12-31 187.29 13.84 21.35
2018-09-30 171.65 15.76 29.84
2018-06-30 173.46 15.11 32.10
2018-03-31 172.12 11.67 32.16
2017-12-31 170.74 13.90 36.39
2017-09-30 158.20 12.31 18.20
2017-06-30 160.07 16.40 27.76
2017-03-31 163.89 17.52 27.76
2016-12-31 139.66 22.89 8.90
2016-09-30 127.90 18.91 1.11
2016-06-30 125.03 21.18 1.22
2016-03-31 127.13 20.14 0.95
2015-12-31 127.45 14.54 0.93
2015-09-30 179.38 11.36 1.05
2015-06-30 198.64 7.20 0.74
2015-03-31 197.47 0.00 2.71
2014-12-31 200.64 0.00 11.79
2014-09-30 246.05 0.00 24.41
2014-06-30 243.36 0.00 32.56
2014-03-31 244.24 0.00 42.24
2013-12-31 241.20 0.00 48.07
2013-09-30 220.05 0.00 16.82
2013-06-30 221.70 0.00 18.01
2013-03-31 220.58 0.00 21.78
2012-12-31 217.46 0.00 45.15
  • Questerre Energy's level of debt (8.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Questerre Energy's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (49.8%, greater than 20% of total debt).
  • Questerre Energy earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Questerre Energy'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. Questerre Energy has a total score of 4/6, 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.

QEC Dividends

 What is Questerre Energy'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 Questerre Energy dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Questerre Energy 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 Questerre Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Questerre Energy'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
TSX:QEC 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 4.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

TSX:QEC Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Questerre Energy has not reported any payouts.
  • Unable to verify if Questerre Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Questerre Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Questerre Energy has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Questerre Energy's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Questerre Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Questerre Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Questerre Energy 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.

QEC Management

 What is the CEO of Questerre Energy'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
Michael Binnion
COMPENSATION CA$546,630
AGE 58
TENURE AS CEO 19.1 years
CEO Bio

Mr. Michael Rupert Binnion, C.A., founded Questerre Energy Corp., and has been its Chief Executive Officer and President since November 2000. Mr. Binnion served as an Interim Chief Executive Officer & Interim President at High Arctic Energy Services Inc since July 20, 2017 until November 2017. He served as President of Terrenex Ltd. from October 1995 to August 2009 and served as its Chief Executive Officer and Chief Financial Officer since November 27, 2007. He served as President at Ruperts Crossing Limited. He has been actively involved in the financing and executive management of numerous private and public companies through his investment company, Rupert's Crossing Inc. Mr. Binnion served as President and Chief Executive Officer of Flowing Energy Corp. from June 1996 to December 2001. He served as the President and Chief Financial Officer of CanArgo Energy Corp. from 1997 to 2000. From 1992 to 1998, he served as Manager of a private investment company that held interest in commercial real estate and golf courses. He served as Manager in the High Tech group at Clarkson Gordon, a division of Ernst & Young, specializing in tax-assistant financings. He serves as the Executive Chairman of High Arctic Energy Service Inc. since November 2017, and has been its Director since June 2, 2005. Mr. Binnion served as Chairman of the Board of Sylogist Ltd. from March 2000 to February 2002. He served as the Chairman of Flowing Energy Corporation from April 2002 to May 2004. He has been an Independent Director of Huntington Exploration Inc. since October 22, 2010 and Questerre Energy Corp. since November 2000. Mr. Binnion has been Director of High Arctic Energy Services Inc since June 2, 2005 and has been its Chairman since May 2007. He served as a Director of Red Leaf Resources, Inc. He served as a Director of LNG Energy Ltd., since August 10, 2006 and Terrenex Ltd., (formerly, Terrenex Acquisition Corp.) from October 1995 to August 2009. He served as a Director of Flowing Energy Corp. and CanArgo Energy Corp. from 1997 to 2000. He served as an Independent Director of Sylogist Ltd. since March 1997 and Magnus Energy, Inc. from March 4, 2005 to December 18, 2006. From 1992 to 1997, he served as Executive Director of Crossfield House Inc. Mr. Binnion is a Chartered Accountant and holds a Bachelor's degree in Commerce from the University of Alberta.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Michael's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Questerre Energy management team in years:

14.9
Average Tenure
58
Average Age
  • The average tenure for the Questerre Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Binnion

TITLE
President
COMPENSATION
CA$547K
AGE
58
TENURE
19.1 yrs

Jason D’Silva

TITLE
Chief Financial Officer
COMPENSATION
CA$320K
AGE
45
TENURE
14.9 yrs

Peter Coldham

TITLE
Vice President of Engineering & Operations
COMPENSATION
CA$320K
TENURE
14 yrs

John Brodylo

TITLE
Vice President of Exploration
COMPENSATION
CA$288K
AGE
58
TENURE
15.9 yrs

Richard Mindus

TITLE
Vice President of Facilities & Field Operations
COMPENSATION
CA$103K
AGE
63
TENURE
5.9 yrs
Board of Directors Tenure

Average tenure of the Questerre Energy board of directors in years:

6
Average Tenure
  • The tenure for the Questerre Energy board of directors is about average.
Board of Directors

Bjorn Tonnessen

TITLE
Independent Chairman
COMPENSATION
CA$124K
TENURE
4.5 yrs

Michael Binnion

TITLE
President
COMPENSATION
CA$547K
AGE
58
TENURE
19.1 yrs

Dennis Sykora

TITLE
Independent Director
COMPENSATION
CA$86K
AGE
59
TENURE
6.8 yrs

Alain Sans Cartier

TITLE
Independent Director
COMPENSATION
CA$69K
TENURE
6.6 yrs

Earl Hickok

TITLE
Independent Director
COMPENSATION
CA$82K
TENURE
5.5 yrs

Hans Holden

TITLE
Independent Director
COMPENSATION
CA$75K
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
25. Apr 19 Buy Michael Binnion Individual 25. Apr 19 25. Apr 19 250,000 CA$0.37 CA$93,405
X
Management checks
We assess Questerre Energy'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. Questerre Energy 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.

QEC News

Simply Wall St News

Should You Like Questerre Energy Corporation’s (TSE:QEC) High Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Questerre Energy: 0.11 = CA$23m ÷ (CA$248m - CA$35m) (Based on the trailing twelve months to June 2019.) So, Questerre Energy has an ROCE of 11%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Is Questerre Energy Corporation's (TSE:QEC) CEO Overpaid Relative To Its Peers?

Check out our latest analysis for Questerre Energy How Does Michael Binnion's Compensation Compare With Similar Sized Companies? … Thus we can conclude that Michael Binnion receives more in total compensation than the median of a group of companies in the same market, and of similar size to Questerre Energy Corporation. … We examined the amount Questerre Energy Corporation pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

A Holistic Look At Questerre Energy Corporation (TSE:QEC)

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Questerre Energy Corporation (TSE:QEC), it

Simply Wall St -

How Did Questerre Energy Corporation's (TSE:QEC) 7.2% ROE Fare Against The Industry?

Questerre Energy has a ROE of 7.2%, based on the last twelve months. … One way to conceptualize this, is that for each CA$1 of shareholders' equity it has, the company made CA$0.072 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

If You Had Bought Questerre Energy (TSE:QEC) Stock Three Years Ago, You Could Pocket A 116% Gain Today

For example, the Questerre Energy Corporation (TSE:QEC) share price has soared 116% in the last three years. … Because Questerre Energy is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Over the last three years Questerre Energy has grown its revenue at 13% annually.

Simply Wall St -

Is Questerre Energy Corporation's (TSE:QEC) CEO Paid At A Competitive Rate?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Michael Binnion's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Questerre Energy Corporation has a market cap of CA$109m, and is paying total annual CEO compensation of CA$1.3m.

Simply Wall St -

Could The Questerre Energy Corporation (TSE:QEC) Ownership Structure Tell Us Something Useful?

If you want to know who really controls Questerre Energy Corporation (TSE:QEC), then you'll have to look at the makeup of its share registry. … With a market capitalization of CA$183m, Questerre Energy is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Is Questerre Energy Corporation's (TSE:QEC) CEO Being Overpaid?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

Simply Wall St -

What You Must Know About Questerre Energy Corporation's (TSE:QEC) Financial Strength

Investors are always looking for growth in small-cap stocks like Questerre Energy Corporation (TSE:QEC), with a market cap of CA$213.93m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Questerre Energy Corporation's (TSX:QEC) EPS Grew 95.7% In A Year. Was It Better Than Long-Term Trend?

Below is my commentary, albiet very simple and high-level, on how Questerre Energy is currently performing. … See our latest analysis for QEC How QEC fared against its long-term earnings performance and its industry I prefer to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … For Questerre Energy, the most recent bottom-line -CA$3.1M, which, relative to last year’s level, has become less negative.

Simply Wall St -

QEC Company Info

Description

Questerre Energy Corporation acquires, explores for, and develops non-conventional oil and gas projects in North America. It produces tight oil, oil shale, shale oil, and shale gas. The company primarily holds 21,720 net acres, including a 100% working interest and operatorship of 4,480 acres in the Kakwa North and 3,840 acres in the Kakwa South area situated in west central Alberta. It also holds an average 100% working interest in 11,952 acres in the Antler area located in southeast Saskatchewan; and oil shale assets in the Kingdom of Jordan. The company was formerly known as Westpro Equipment Ltd. and changed its name to Questerre Energy Corporation in December 2000. Questerre Energy Corporation was incorporated in 1971 and is headquartered in Calgary, Canada.

Details
Name: Questerre Energy Corporation
QEC
Exchange: TSX
Founded: 1971
CA$72,744,195
427,907,033
Website: http://www.questerre.com
Address: Questerre Energy Corporation
1650 AMEC Place,
801 Sixth Avenue SW,
Calgary,
Alberta, T2P 3W2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX QEC Class A Common Voting Shares The Toronto Stock Exchange CA CAD 22. Jul 2003
OTCPK QTEY.F Class A Common Voting Shares Pink Sheets LLC US USD 22. Jul 2003
DB QE1 Class A Common Voting Shares Deutsche Boerse AG DE EUR 22. Jul 2003
LSE 0KF1 Class A Common Voting Shares London Stock Exchange GB CAD 22. Jul 2003
OB QEC Class A Common Voting Shares Oslo Bors NO NOK 22. Jul 2003
BATS-CHIXE QECO Class A Common Voting Shares BATS 'Chi-X Europe' GB NOK 22. Jul 2003
Number of employees
Current staff
Staff numbers
9
Questerre Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 23:55
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/09/04
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
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.