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PetroShale

DB:5PQ
Snowflake Description

High growth potential and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5PQ
DB
CA$27M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

PetroShale Inc., an oil company, engages in the acquisition, development, and production of oil-weighted assets primarily in the North Dakota Bakken/Three Forks. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • PetroShale has significant price volatility in the past 3 months.
5PQ Share Price and Events
7 Day Returns
93.2%
DB:5PQ
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-89.9%
DB:5PQ
34.4%
DE Oil and Gas
-14.2%
DE Market
5PQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PetroShale (5PQ) 93.2% -64.6% -76.6% -89.9% - -
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • 5PQ underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • 5PQ underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
5PQ
Industry
5yr Volatility vs Market

5PQ Value

 Is PetroShale 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 PetroShale. This is due to cash flow or dividend data being unavailable. The share price is €0.085.
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 PetroShale's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PetroShale's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:5PQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$0.08
TSXV:PSH Share Price ** TSXV (2020-04-07) in CAD CA$0.15
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of PetroShale.

DB:5PQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.15 ÷ 0.08

1.82x

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

  • PetroShale is good value based on earnings compared to the Europe Oil and Gas industry average.
  • PetroShale is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does PetroShale's expected growth come at a high price?
Raw Data
DB:5PQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
22.3%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:5PQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 1.82x ÷ 22.3%

0.08x

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

  • PetroShale is good value based on expected growth next year.
Price based on value of assets
What value do investors place on PetroShale's assets?
Raw Data
DB:5PQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$1.01
TSXV:PSH Share Price * TSXV (2020-04-07) in CAD CA$0.15
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:5PQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.15 ÷ 1.01

0.14x

* Primary Listing of PetroShale.

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

  • PetroShale is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess PetroShale'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. PetroShale has a total score of 4/6, 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.

5PQ Future Performance

 How is PetroShale expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
22.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PetroShale expected to grow at an attractive rate?
  • PetroShale's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • PetroShale's earnings growth is expected to exceed the Germany market average.
  • PetroShale's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:5PQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:5PQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 22.3%
DB:5PQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 21.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:5PQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:5PQ Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 192 62 25 2
2020-12-31 190 56 23 2
2020-04-08
DB:5PQ Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 120 79 15
2019-09-30 94 71 14
2019-06-30 86 59 19
2019-03-31 90 82 24
2018-12-31 88 70 27
2018-09-30 74 52 18
2018-06-30 51 36 6
2018-03-31 34 23 -1
2017-12-31 31 19 -3
2017-09-30 31 18 -5
2017-06-30 30 19 -7
2017-03-31 25 11 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PetroShale's earnings are expected to grow significantly at over 20% yearly.
  • PetroShale'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
DB:5PQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from PetroShale Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5PQ Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.11 0.13 0.09 2.00
2020-12-31 0.09 0.12 0.06 2.00
2020-04-08
DB:5PQ Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 0.08
2019-09-30 0.07
2019-06-30 0.10
2019-03-31 0.13
2018-12-31 0.16
2018-09-30 0.11
2018-06-30 0.04
2018-03-31 -0.01
2017-12-31 -0.03
2017-09-30 -0.05
2017-06-30 -0.12
2017-03-31 -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 PetroShale will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess PetroShale'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.
PetroShale has a total score of 5/6, 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.

5PQ Past Performance

  How has PetroShale 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 PetroShale'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.
  • PetroShale has delivered over 20% year on year earnings growth in the past 5 years.
  • PetroShale's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • PetroShale's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
PetroShale'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 PetroShale Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5PQ Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 119.78 15.33 5.86
2019-09-30 94.48 13.70 6.52
2019-06-30 85.51 19.17 6.88
2019-03-31 89.84 23.71 7.38
2018-12-31 88.30 27.06 6.88
2018-09-30 74.35 17.59 5.53
2018-06-30 51.12 6.29 4.70
2018-03-31 34.22 -0.83 4.11
2017-12-31 30.91 -3.09 3.78
2017-09-30 31.47 -4.66 3.83
2017-06-30 29.80 -7.19 3.41
2017-03-31 24.61 -9.29 2.85
2016-12-31 16.71 -12.86 2.76
2016-09-30 15.17 -11.36 2.97
2016-06-30 16.31 -11.01 3.12
2016-03-31 16.85 -9.89 3.19
2015-12-31 16.08 -8.95 3.09
2015-09-30 14.60 -10.43 3.12
2015-06-30 11.03 -8.28 3.17
2015-03-31 8.28 -7.04 3.21
2014-12-31 7.23 -5.05 3.23
2014-09-30 5.85 -4.62 3.26
2014-06-30 5.57 -3.82 3.14
2014-03-31 4.52 -3.84 2.93
2013-12-31 4.18 -20.66 2.73
2013-09-30 3.61 -19.61 2.34
2013-06-30 2.88 -21.13 2.29

*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.
  • PetroShale has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PetroShale used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Unable to establish if PetroShale improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess PetroShale'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.
PetroShale 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.

5PQ Health

 How is PetroShale'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 PetroShale's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PetroShale's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • PetroShale's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PetroShale'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 not covered by short term assets, assets are 0.2x 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 PetroShale Company Filings, last reported 3 months ago.

DB:5PQ Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 201.20 275.97 0.61
2019-09-30 195.87 253.34 1.26
2019-06-30 188.25 219.01 7.55
2019-03-31 190.30 172.66 0.25
2018-12-31 194.73 160.31 0.49
2018-09-30 179.57 145.97 5.29
2018-06-30 115.48 125.79 1.21
2018-03-31 106.00 116.42 3.67
2017-12-31 88.65 80.53 18.42
2017-09-30 89.41 53.10 2.62
2017-06-30 93.84 51.13 2.13
2017-03-31 -9.09 125.35 2.22
2016-12-31 -9.40 124.58 1.13
2016-09-30 -6.29 117.30 1.63
2016-06-30 -2.95 116.21 4.03
2016-03-31 -0.50 107.23 3.62
2015-12-31 4.02 105.49 0.82
2015-09-30 4.87 97.74 0.86
2015-06-30 6.48 80.09 0.41
2015-03-31 8.58 74.88 4.42
2014-12-31 10.28 47.93 0.34
2014-09-30 12.89 35.81 2.24
2014-06-30 13.13 17.81 3.32
2014-03-31 7.43 14.19 3.11
2013-12-31 7.38 3.30 1.31
2013-09-30 9.47 3.18 2.22
2013-06-30 9.30 2.21 2.19
  • PetroShale's level of debt (137.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (469.9% vs 137.2% today).
  • Debt is well covered by operating cash flow (28.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess PetroShale'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. PetroShale 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.

5PQ Dividends

 What is PetroShale'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 PetroShale dividends.
If you bought €2,000 of PetroShale 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 PetroShale's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PetroShale'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:5PQ 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 2 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:5PQ Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-08

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

  • Unable to perform a dividend volatility check as PetroShale has not reported any payouts.
  • Unable to verify if PetroShale's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PetroShale's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PetroShale 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 PetroShale's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 PetroShale afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PetroShale 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.

5PQ Management

 What is the CEO of PetroShale'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
David Rain
COMPENSATION CA$200,016
AGE 54
TENURE AS CEO 0.5 years
CEO Bio

Mr. David James Rain, CA is Director of Petroshale Inc. since December 3, 2018. Mr. Rain serves as Interim Chief Executive Officer of Petroshale Inc. since October 15, 2019. He was the Chief Financial Officer of Petroshale Inc. since November 25, 2013 until November 30, 2018. Mr. Rain has been the Chief Financial Officer and Vice President of Caribou Capital Corporation since June 1999. He serves as Corporate Secretary of Barrington Petroleum Limited. He served as Vice President of Canoe Financial Corp. (alternate Canoe Financial LP). He served as Vice President of EnerVest Oil Sands Management Inc and EnerVest Energy and Oil SandsTotal Return Trust. He served as Vice President of EnerVest Diversified Management Inc. and EnerVest 2009 General Partner Corporation. He served as the Chief Financial Officer and Vice President of Harvest Operations Corp. from August 11, 2004 to February 2, 2006 and its Corporate Secretary since February 2006. He served as Chief Financial Officer and Vice President of Harvest Energy Trust from July 2004 to March 2006 and Corporate Secretary since July 2002. He served as Chief Financial Officer and Vice President of Finance of Petrobank Energy and Resources Ltd., from October 2001 to March 31, 2004. Mr. Rain served as Director of Corporate Finance at Petrobank from April 2000 to September 2001. He served as Corporate Controller and Treasurer of Pacalta Resources Ltd. from May 1997 to June 1999. He served as Vice President of Caribou since June 1999. He has extensive experience in corporate finance primarily in the oil and gas and investment industries. He serves as a Director of Caribou Capital Corp., Canoe 'GO CANADA!' Fund Corp. - Canoe Equity Class, Canoe 'GO CANADA!' Fund Corp. - Canoe Canadian Monthly Income Class and EnerVest 2009 General Partner Corporation. He has been a Director of Calmena Energy Services Inc. since November 6, 2008. He serves as a Director of Canoe ‘Go Canada!’ Fund Corp. and Canoe 'GO CANADA!' Fund Corp. - Canoe Energy Income Class. He serves as a Director of Canoe 'GO CANADA!' Fund Corp. - Canoe Canadian Asset Allocation Class. He has been a Director of Canoe Financial Corp., since April 22, 2008. He serves as a Director of EnerVest Diversified Management Inc. He served as a Director of Caribou since June 1999. He served as a Director of EnerVest Oil Sands Management Inc. and EnerVest Energy and Oil SandsTotal Return Trust. He served as a Director of BlackWatch Opco, The Administrator of Calmena Energy Services Inc. (formerly, BlackWatch Energy Services Trust) since August 2006 and served as its Lead Director. He served as a Director of International Datashare Corp. Mr. Rain is a Chartered Accountant with extensive experience in the energy industry. Mr. Rain earned bachelor’s degree from University of Saskatchewan in Commerce in 1986.

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

Average tenure and age of the PetroShale management team in years:

1.3
Average Tenure
47
Average Age
  • The average tenure for the PetroShale management team is less than 2 years, this suggests a new team.
Management Team

M. Chernoff

TITLE
Executive Chairman
AGE
53

David Rain

TITLE
Interim CEO & Director
COMPENSATION
CA$200K
AGE
54
TENURE
0.5 yrs

Caleb Morgret

TITLE
Chief Financial Officer
COMPENSATION
CA$921K
AGE
41
TENURE
1.3 yrs

Nicole Bacsalmasi

TITLE
Corporate Secretary
AGE
38
TENURE
6.4 yrs
Board of Directors Tenure

Average tenure and age of the PetroShale board of directors in years:

6.4
Average Tenure
53.5
Average Age
  • The tenure for the PetroShale board of directors is about average.
Board of Directors

M. Chernoff

TITLE
Executive Chairman
AGE
53
TENURE
6.4 yrs

David Rain

TITLE
Interim CEO & Director
COMPENSATION
CA$200K
AGE
54
TENURE
1.3 yrs

Jake Roorda

TITLE
Independent Director
AGE
62
TENURE
8.1 yrs

Brett Herman

TITLE
Independent Director
AGE
51
TENURE
8.1 yrs

Ken McCagherty

TITLE
Independent Director
AGE
61
TENURE
6.4 yrs

Brooks Shughart

TITLE
Independent Director
COMPENSATION
CA$120K
AGE
41
TENURE
2.3 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 (€)
12. Sep 19 Buy M. Chernoff Individual 10. Sep 19 10. Sep 19 2,000,000 €0.40 €798,651
30. Jul 19 Buy M. Chernoff Individual 25. Jul 19 25. Jul 19 1,500,000 €0.45 €675,126
X
Management checks
We assess PetroShale'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. PetroShale 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.

5PQ News

Simply Wall St News

5PQ Company Info

Description

PetroShale Inc., an oil company, engages in the acquisition, development, and production of oil-weighted assets primarily in the North Dakota Bakken/Three Forks. The company holds approximately 8,218 net acres of land in Fort Berthold, primarily in McKenzie and Dunn counties, North Dakota. It also holds interests in Richland County, Montana; and royalty interests in Alberta and Ontario. As of December 31, 2019, the company had approximately 70.5 million barrels of oil equivalent of total proved plus probable reserves. PetroShale Inc. is headquartered in Calgary, Canada.

Details
Name: PetroShale Inc.
5PQ
Exchange: DB
Founded:
CA$17,826,812
187,347,628
Website: http://www.petroshaleinc.com
Address: PetroShale Inc.
421-7th Avenue SW,
Suite 3230,
Calgary,
Alberta, T2P 4K9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV PSH Voting Shares TSX Venture Exchange CA CAD 13. Mar 2012
OTCPK PSHI.F Voting Shares Pink Sheets LLC US USD 13. Mar 2012
DB 5PQ Voting Shares Deutsche Boerse AG DE EUR 13. Mar 2012
Number of employees
Current staff
Staff numbers
15
PetroShale employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 03:58
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.