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Point Loma Resources

DB:2LP
Snowflake Description

Weak fundamentals or lack of information.

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

Point Loma Resources Ltd. engages in the acquisition, development, and production of petroleum and natural gas reserves in Western Canada. The last earnings update was 125 days ago. More info.


Add to Portfolio Compare Print
  • Point Loma Resources has significant price volatility in the past 3 months.
2LP Share Price and Events
7 Day Returns
300%
DB:2LP
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-98.3%
DB:2LP
21.9%
DE Oil and Gas
-17.7%
DE Market
2LP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Point Loma Resources (2LP) 300% -93.9% -95.8% -98.3% -99.3% -
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 2LP underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • 2LP underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
2LP
Industry
5yr Volatility vs Market

2LP Value

 Is Point Loma 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 Point Loma Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Point Loma 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 Point Loma Resources. This is due to cash flow or dividend data being unavailable. The share price is €0.002.
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 Point Loma Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Point Loma Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2LP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$-0.26
TSXV:PLX Share Price ** TSXV (2020-03-30) in CAD CA$0.02
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Point Loma Resources.

DB:2LP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:PLX Share Price ÷ EPS (both in CAD)

= 0.02 ÷ -0.26

-0.08x

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

  • Point Loma Resources is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Point Loma Resources is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Point Loma Resources's expected growth come at a high price?
Raw Data
DB:2LP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*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 Point Loma Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Point Loma Resources's assets?
Raw Data
DB:2LP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$-0.06
TSXV:PLX Share Price * TSXV (2020-03-30) in CAD CA$0.02
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:2LP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:PLX Share Price ÷ Book Value per Share (both in CAD)

= 0.02 ÷ -0.06

-0.33x

* Primary Listing of Point Loma Resources.

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

  • Point Loma Resources has negative assets, we can't compare the value of its assets to the DE Oil and Gas industry average.

Next steps:

  1. Take a look at our analysis of 2LP’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 Point Loma 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 Point Loma 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. Point Loma 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.

2LP Future Performance

 How is Point Loma 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 Point Loma 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
13%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Point Loma Resources expected to grow at an attractive rate?
  • Unable to compare Point Loma Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Point Loma Resources's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Point Loma Resources's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2LP Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:2LP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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.
DB:2LP Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 6
2020-03-30
2019-12-31 -3
DB:2LP Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 5 -3 -18
2019-06-30 6 -2 -18
2019-03-31 6 -2 -14
2018-12-31 6 -3 -14
2018-09-30 6 -2 -7
2018-06-30 5 -4 -8
2018-03-31 5 -5 -8
2017-12-31 5 -3 -8
2017-09-30 4 -2 -6
2017-06-30 4 0 -3
2017-03-31 3 0 -5
2016-12-31 1 -1 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Point Loma Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Point Loma 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
DB:2LP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Point Loma Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2LP Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2020-03-30
2019-12-31
DB:2LP Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 -0.26
2019-06-30 -0.26
2019-03-31 -0.22
2018-12-31 -0.23
2018-09-30 -0.12
2018-06-30 -0.17
2018-03-31 -0.19
2017-12-31 -0.20
2017-09-30 -0.17
2017-06-30 -0.11
2017-03-31 -0.27
2016-12-31 -0.27

*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 Point Loma 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 2LP’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. Point Loma 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. Point Loma 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 Point Loma 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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Point Loma 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.

2LP Past Performance

  How has Point Loma 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 Point Loma 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.
  • Point Loma Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Point Loma Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Point Loma Resources's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Point Loma 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 Point Loma Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2LP 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 5.09 -18.49 2.50
2019-06-30 5.66 -18.00 2.40
2019-03-31 5.81 -13.92 2.42
2018-12-31 5.57 -13.91 2.70
2018-09-30 5.58 -6.51 3.11
2018-06-30 5.11 -8.23 3.27
2018-03-31 4.81 -8.32 3.29
2017-12-31 4.90 -7.51 3.06
2017-09-30 4.47 -5.67 2.60
2017-06-30 3.80 -3.01 2.29
2017-03-31 2.70 -5.18 1.99
2016-12-31 1.33 -4.43 1.51
2016-09-30 0.53 -2.03 0.91
2016-06-30 -4.25 0.51
2016-03-31 -2.74 0.41
2015-12-31 -2.98 0.64
2014-12-31 -0.77 0.77

*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 Point Loma 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 Point Loma Resources has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Point Loma Resources 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 Point Loma 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.
Point Loma 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.

2LP Health

 How is Point Loma 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 Point Loma Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Point Loma Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Point Loma Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Point Loma 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.
  • High level of physical assets or inventory.
  • Point Loma 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 Point Loma Resources Company Filings, last reported 6 months ago.

DB:2LP Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -5.34 2.42 1.48
2019-06-30 -5.23 2.36 0.24
2019-03-31 -2.32 2.29 0.28
2018-12-31 -0.71 2.23 0.73
2018-09-30 8.71 2.16 0.56
2018-06-30 9.46 2.10 0.53
2018-03-31 7.72 2.04 0.34
2017-12-31 8.51 1.98 2.11
2017-09-30 10.26 1.92 3.83
2017-06-30 12.96 1.76 6.06
2017-03-31 8.03 2.39 0.63
2016-12-31 6.39 2.36 0.68
2016-09-30 7.15 2.56 0.10
2016-06-30 7.14 2.56 0.75
2016-03-31 2.92 0.00 0.08
2015-12-31 2.75 0.00 1.02
2014-12-31 4.78 0.00 1.12
  • Point Loma Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Point Loma 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.

  • Point Loma Resources has less than a year of cash runway based on current free cash flow.
  • Point Loma Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 27% each year.
X
Financial health checks
We assess Point Loma 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. Point Loma Resources has a total score of 0/6, 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.

2LP Dividends

 What is Point Loma 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 Point Loma Resources dividends.
If you bought €2,000 of Point Loma Resources shares you are expected to receive €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 Point Loma Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Point Loma 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
DB:2LP 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
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:2LP Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2020-03-30
2019-12-31

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

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

2LP Management

 What is the CEO of Point Loma 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
Terry Meek
COMPENSATION CA$175,942
TENURE AS CEO 3.8 years
CEO Bio

Mr. Terence Stanley Meek, also known as Terry, P. Eng., has been Chief Executive Officer, President and Executive Director at Point Loma Resources Ltd. since June 28, 2016. Mr. Meek served as Chief Operating Officer of Ember Resources Inc., since July 2005 and its Executive Vice President since September 2008. Mr. Meek co-founded Thunder Energy, Inc., and served as Vice President of Engineering from its inception to November 2005. From July 2014 to June 2016, Mr. Meek was the President and Chief Executive Officer of Point Loma Energy. From 2011 to 2014, Mr. Meek consulted in the role of President and Director to the private companies Woma Energy and Carnaby Energy. He served as President of Ember Resources Inc., from July 2005 to September 2008. He served as Chief Operating Officer of Thunder Energy from July 1996 to July 2005. He served as Chief Operating Officer of Sword Energy Inc., (formerly Thunder Energy Trust) and its Vice President of Engineering until November 2005. Mr. Meek is a professional engineer with 20 years experience in reservoir engineering, evaluations, exploitation, drilling and completions with both public and private oil and gas companies and a consulting engineering firm. Prior to joining Thunder, he served as an Associate Reservoir and Evaluations Engineer with engineering consultants Ashton Jenkins & Associates. Mr. Meek served as a Senior Reservoir Engineer at Encal Energy Ltd., and its predecessor company, Luscar Oil & Gas Ltd., a private oil and gas company from 1990 to 1995. He served as a Director of Ember Resources Inc., from June 2005 to September 2008.

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

Average tenure of the Point Loma Resources management team in years:

3.8
Average Tenure
  • The tenure for the Point Loma Resources management team is about average.
Management Team

Terry Meek

TITLE
CEO, President & Executive Director
COMPENSATION
CA$176K
TENURE
3.8 yrs

Thomas Love

TITLE
VP of Finance & CFO
COMPENSATION
CA$106K
AGE
67
TENURE
1.5 yrs

Gord Cameron

TITLE
Corporate Secretary
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure of the Point Loma Resources board of directors in years:

3.8
Average Tenure
  • The tenure for the Point Loma Resources board of directors is about average.
Board of Directors

Steve Dabner

TITLE
Chairman
COMPENSATION
CA$4K

Terry Meek

TITLE
CEO, President & Executive Director
COMPENSATION
CA$176K
TENURE
3.8 yrs

Don Brown

TITLE
Independent Director
COMPENSATION
CA$5K
TENURE
5.4 yrs

Jianjun Cui

TITLE
Independent Director
COMPENSATION
CA$5K
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Point Loma Resources 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 (€) Value (€)
25. Feb 20 Buy Bradley Johnston Individual 20. Feb 20 20. Feb 20 3,000 €0.05 €157
02. Jan 20 Sell 117902 Canada Inc. Company 23. Dec 19 23. Dec 19 -5,501 €0.07 €-377
02. Oct 19 Buy Bradley Johnston Individual 27. Sep 19 27. Sep 19 43,500 €0.08 €3,455
02. Oct 19 Buy Terence Meek Individual 27. Sep 19 27. Sep 19 435,000 €0.08 €34,552
01. Oct 19 Buy Steve Dabner Individual 27. Sep 19 27. Sep 19 175,200 €0.08 €13,916
27. Sep 19 Buy Bruce Mitchell Individual 26. Sep 19 26. Sep 19 1,000,000 €0.09 €86,149
27. Sep 19 Buy Kevin Baker Individual 27. Sep 19 27. Sep 19 174,000 €0.08 €13,821
X
Management checks
We assess Point Loma 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. Point Loma 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.

2LP News

Simply Wall St News

2LP Company Info

Description

Point Loma Resources Ltd. engages in the acquisition, development, and production of petroleum and natural gas reserves in Western Canada. The company holds approximately 55,200 net acres in the Paddle River area, which include approximately 16,600 net acres in the Whitecourt area; approximately 8,600 net acres in the Gilby area; and approximately 12,600 net acres in the Eastern Alberta area in Edmonton, Alberta. The company is headquartered in Calgary, Canada.

Details
Name: Point Loma Resources Ltd.
2LP
Exchange: DB
Founded:
CA$1,742,643
90,643,610
Website: http://www.pointloma.ca
Address: Point Loma Resources Ltd.
2000, 350–7th Avenue SW,
Calgary,
Alberta, T2P 3N9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV PLX Common Shares TSX Venture Exchange CA CAD 29. Jun 2016
OTCPK FMTN.F Common Shares Pink Sheets LLC US USD 29. Jun 2016
DB 2LP Common Shares Deutsche Boerse AG DE EUR 29. Jun 2016
Number of employees
Current staff
Staff numbers
14
Point Loma Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 23:17
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2019/12/18
Last earnings filing: 2019/11/26
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.