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Terrace Energy

DB:2TR
Snowflake Description

Imperfect balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2TR
DB
CA$952K
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Terrace Energy Corp. engages in the acquisition, exploration, and development of conventional onshore oil and gas properties in the United States. The last earnings update was 91 days ago. More info.


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  • Terrace Energy has significant price volatility in the past 3 months.
2TR Share Price and Events
7 Day Returns
0%
DB:2TR
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-64.3%
DB:2TR
21.9%
DE Oil and Gas
-17.7%
DE Market
2TR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Terrace Energy (2TR) 0% 400% 400% -64.3% -80.8% -99.4%
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
  • 2TR underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • 2TR underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
2TR
Industry
5yr Volatility vs Market

2TR Value

 Is Terrace 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.

In this section, we usually try to help investors determine whether Terrace Energy is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Terrace Energy 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 Terrace Energy. This is due to cash flow or dividend data being unavailable. The share price is €0.0025.
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 Terrace Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Terrace Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2TR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in USD $-0.03
TSXV:TZR Share Price ** TSXV (2020-03-30) in CAD CA$0.01
TSXV:TZR Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.707 $0.01
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 Terrace Energy.

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

= TSXV:TZR Share Price ÷ EPS (both in USD)

= 0.01 ÷ -0.03

-0.21x

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

  • Terrace Energy is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Terrace Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Terrace Energy's expected growth come at a high price?
Raw Data
DB:2TR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.21x
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 Terrace Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Terrace Energy's assets?
Raw Data
DB:2TR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in USD $-0.16
TSXV:TZR Share Price * TSXV (2020-03-30) in CAD CA$0.01
TSXV:TZR Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.707 $0.01
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:2TR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:TZR Share Price ÷ Book Value per Share (both in USD)

= 0.01 ÷ -0.16

-0.04x

* Primary Listing of Terrace Energy.

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

  • Terrace Energy 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 2TR’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 Terrace Energy'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 Terrace 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. Terrace Energy 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.

2TR Future Performance

 How is Terrace Energy 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 Terrace Energy 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 Terrace Energy expected to grow at an attractive rate?
  • Unable to compare Terrace Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Terrace Energy's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Terrace Energy's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2TR 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:2TR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2TR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-10-31 0 -3
2019-07-31 1 -3
2019-04-30 1 -2
2019-01-31 0 -2
2018-10-31 0 -2
2018-07-31 -1 -2
2018-04-30 -1 -3
2018-01-31 -1 -3
2017-10-31 -1 -2
2017-07-31 -1 -3
2017-04-30 -1 12
2017-01-31 -2 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Terrace Energy is high growth as no earnings estimate data is available.
  • Unable to determine if Terrace Energy 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:2TR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Terrace Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2TR Past Financials Data
Date (Data in USD Millions) EPS *
2019-10-31 -0.03
2019-07-31 -0.03
2019-04-30 -0.02
2019-01-31 -0.02
2018-10-31 -0.03
2018-07-31 -0.03
2018-04-30 -0.04
2018-01-31 -0.04
2017-10-31 -0.02
2017-07-31 -0.03
2017-04-30 0.14
2017-01-31 0.15

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

Next steps:

  1. Take a look at our analysis of 2TR’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. Terrace Energy'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. Terrace Energy'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 Terrace 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 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.
Terrace Energy 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.

2TR Past Performance

  How has Terrace 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 Terrace 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.
  • Terrace Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Terrace Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Terrace Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Terrace 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 Terrace Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2TR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 -3.11 0.33
2019-07-31 -3.13 0.35
2019-04-30 -2.12 0.51
2019-01-31 -2.19 0.65
2018-10-31 -2.30 0.82
2018-07-31 -2.29 1.06
2018-04-30 -3.14 1.09
2018-01-31 -3.22 1.08
2017-10-31 -2.03 0.97
2017-07-31 -3.07 0.98
2017-04-30 12.12 1.04
2017-01-31 12.79 1.11
2016-10-31 10.37 1.40
2016-07-31 5.80 1.57
2016-04-30 -12.07 1.90
2016-01-31 -15.98 2.16
2015-10-31 1.44 -35.59 2.63
2015-07-31 2.68 -34.13 2.97
2015-04-30 4.18 -32.01 3.37
2015-01-31 6.73 -28.85 3.49
2014-10-31 8.14 -10.49 3.30
2014-07-31 8.22 -7.19 3.44
2014-04-30 7.45 -6.27 3.37
2014-01-31 5.72 -6.58 3.12
2013-10-31 5.19 -2.83 2.81
2013-07-31 4.20 -1.13 2.14
2013-04-30 3.67 -0.87 1.61

*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 Terrace Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Terrace Energy used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Terrace Energy 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 Terrace 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.
Terrace Energy has a total score of 1/6, 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.

2TR Health

 How is Terrace 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 Terrace Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Terrace Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Terrace Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Terrace 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.
  • Low level of unsold assets.
  • Terrace Energy 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 Terrace Energy Company Filings, last reported 4 months ago.

DB:2TR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 -15.04 20.71 1.53
2019-07-31 -14.24 19.96 1.61
2019-04-30 -12.80 18.59 1.65
2019-01-31 -12.16 18.08 1.77
2018-10-31 -11.68 17.76 1.90
2018-07-31 -11.71 17.72 0.96
2018-04-30 -12.00 17.43 1.16
2018-01-31 -11.61 17.33 1.42
2017-10-31 -9.42 15.71 1.70
2017-07-31 -8.81 15.42 1.87
2017-04-30 -6.53 13.40 2.22
2017-01-31 -6.20 13.38 2.53
2016-10-31 -2.89 12.54 1.25
2016-07-31 -1.05 12.29 1.38
2016-04-30 -18.78 53.35 1.80
2016-01-31 -12.29 51.32 2.30
2015-10-31 -6.37 51.80 7.73
2015-07-31 8.94 51.24 10.43
2015-04-30 13.36 53.42 15.42
2015-01-31 14.04 51.30 12.10
2014-10-31 33.20 54.78 34.82
2014-07-31 39.62 32.15 28.16
2014-04-30 21.29 31.90 11.14
2014-01-31 22.64 31.29 11.10
2013-10-31 16.29 34.08 5.51
2013-07-31 17.33 34.55 17.16
2013-04-30 16.91 22.03 7.29
  • Terrace Energy has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Terrace Energy'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.

  • Terrace Energy has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if Terrace Energy has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Terrace 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. Terrace Energy has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

2TR Dividends

 What is Terrace 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 Terrace Energy dividends.
If you bought €2,000 of Terrace Energy 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 Terrace Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Terrace 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
DB:2TR 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.

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

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

2TR Management

 What is the CEO of Terrace 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
Dave Gibbs
COMPENSATION $243,892
AGE 67
TENURE AS CEO 6.4 years
CEO Bio

Mr. William David Gibbs, also Known as Dave, has been the Chief Executive Officer and President of Terrace Energy Corp. since October 16, 2013 and February 17, 2012 respectively. Mr. Gibbs is an entrepreneurial Senior Executive in the independent up stream energy sector with more than 30 years experience in both technical and executive leadership roles. He served as Chief Executive Officer of Southern Star Energy Inc. since April 8, 2008 until April 14, 2010, its Interim Chief Financial Officer since December 23, 2009 until April 14, 2010, its President, Treasurer and Secretary since December 2007 until April 14, 2010. Mr. Gibbs founded Esperanza Ministries and serves as its President. He previously served as an Interim Chief Financial Officer of Southern Star Energy, Inc. until September 2008. Mr. Gibbs served as President of Medco Energy U.S. LLC (formerly Novus Louisiana) Lafayette LA from 2005 to November 2007. From 1992 to 2005, Mr. Gibbs held several senior management positions with TDC Energy, LLC including Vice President of Business Development since 1992 and President and Chief Executive Officer since 2000. He has a successful track record of creating, growing and monetizing a significant exploration and production company focused on the U.S. Gulf of Mexico, delivering outstanding shareholder returns. He has been Director of Terrace Energy Corp. since June 10, 2011. He served as a Director of Southern Star Energy Inc. from December 3, 2007 to April 14, 2010. He holds an Offshore Operators' Certification from the University of Southwestern Louisiana in 1979. He completed the Owner/President Management Program (Unit) at Harvard University in 2001. Mr. Gibbs received a Bachelor of Mechanical Engineering from the Georgia Institute of Technology in 1975.

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

Average tenure of the Terrace Energy management team in years:

6.9
Average Tenure
  • The average tenure for the Terrace Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dave Gibbs

TITLE
CEO, President & Director
COMPENSATION
$244K
AGE
67
TENURE
6.4 yrs

Jenny Choboter

TITLE
Chief Financial Officer
COMPENSATION
$80K
AGE
73
TENURE
3.4 yrs

Anthony Alvaro

TITLE
Vice President of Corporate Development
TENURE
7.3 yrs

Deborah Cotter

TITLE
Corporate Secretary
TENURE
7.8 yrs
Board of Directors Tenure

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

8.8
Average Tenure
63
Average Age
  • The tenure for the Terrace Energy board of directors is about average.
Board of Directors

Dan Carriere

TITLE
Chairman of the Board
TENURE
7.3 yrs

Dave Gibbs

TITLE
CEO, President & Director
COMPENSATION
$244K
AGE
67
TENURE
8.8 yrs

Bill McCartney

TITLE
Independent Director
AGE
63
TENURE
10.9 yrs

Ken Shannon

TITLE
Independent Director
TENURE
7.8 yrs

Murray Oliver

TITLE
Independent Director
AGE
53
TENURE
13.6 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 (€) Value (€)
X
Management checks
We assess Terrace 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. Terrace 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.

2TR News

Simply Wall St News

2TR Company Info

Description

Terrace Energy Corp. engages in the acquisition, exploration, and development of conventional onshore oil and gas properties in the United States. It has an option to acquire a 50% working interest in the Maverick County project covering approximately 147,000 gross mineral acres located in Maverick County, Texas. The company was formerly known as Terrace Resources Inc. and changed its name to Terrace Energy Corp. in June 2011. Terrace Energy Corp. was incorporated in 2006 and is headquartered in Houston, Texas.

Details
Name: Terrace Energy Corp.
2TR
Exchange: DB
Founded: 2006
CA$610,473
95,230,821
Website: http://www.terraceenergy.net
Address: Terrace Energy Corp.
25511 Budde Road,
Suite 601,
Houston,
Texas, 77380,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV TZR Common Shares TSX Venture Exchange CA CAD 16. Jul 2007
OTCPK TCRR.F Common Shares Pink Sheets LLC US USD 16. Jul 2007
DB 2TR Common Shares Deutsche Boerse AG DE EUR 16. Jul 2007
Number of employees
Current staff
Staff numbers
0
Terrace Energy 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 22:57
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2019/12/30
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/01/31


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.