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Granite Oil

DB:7GN
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7GN
DB
CA$37M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Granite Oil Corp. engages in the exploration for, exploitation, development, and production of oil and natural gas in Canada. The last earnings update was 121 days ago. More info.


Add to Portfolio Compare Print
  • Granite Oil has significant price volatility in the past 3 months.
7GN Share Price and Events
7 Day Returns
-0.8%
DB:7GN
-0.5%
DE Oil and Gas
-2.1%
DE Market
1 Year Returns
7.3%
DB:7GN
49.6%
DE Oil and Gas
0.7%
DE Market
7GN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Granite Oil (7GN) -0.8% -3.2% 125.6% 7.3% -84.2% -95.3%
DE Oil and Gas -0.5% -14% 1.2% 49.6% -14.7% 205.8%
DE Market -2.1% -8.8% -8.2% 0.7% -7% -11.5%
1 Year Return vs Industry and Market
  • 7GN underperformed the Oil and Gas industry which returned 49.6% over the past year.
  • 7GN outperformed the Market in Germany which returned 0.7% over the past year.
Price Volatility
7GN
Industry
5yr Volatility vs Market

7GN Value

 Is Granite Oil 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 Granite Oil. This is due to cash flow or dividend data being unavailable. The share price is €0.6.
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 Granite Oil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Granite Oil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7GN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$0.15
TSX:GXO Share Price ** TSX (2020-03-06) in CAD CA$0.95
Europe Oil and Gas Industry PE Ratio Median Figure of 100 Publicly-Listed Oil and Gas Companies 8.91x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 19.85x

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

** Primary Listing of Granite Oil.

DB:7GN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.95 ÷ 0.15

6.41x

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

  • Granite Oil is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Granite Oil is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Granite Oil's expected growth come at a high price?
Raw Data
DB:7GN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.41x
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 64 Publicly-Listed Oil and Gas Companies 0.4x
Germany Market PEG Ratio Median Figure of 257 Publicly-Listed Companies 1.47x

*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 Granite Oil, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Granite Oil's assets?
Raw Data
DB:7GN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$5.04
TSX:GXO Share Price * TSX (2020-03-06) in CAD CA$0.95
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.22x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.72x
DB:7GN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.95 ÷ 5.04

0.19x

* Primary Listing of Granite Oil.

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

  • Granite Oil is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Granite Oil'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. Granite Oil has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

7GN Future Performance

 How is Granite Oil 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 Granite Oil 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
7.6%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Granite Oil expected to grow at an attractive rate?
  • Unable to compare Granite Oil's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Granite Oil's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Granite Oil's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:7GN Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.6%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:7GN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:7GN Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 14
2020-12-31 13
2020-03-06
2019-12-31 14
DB:7GN Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 28 10 6
2019-06-30 30 9 5
2019-03-31 32 9 2
2018-12-31 32 10 1
2018-09-30 37 18 -8
2018-06-30 37 20 -12
2018-03-31 37 21 -11
2017-12-31 39 23 -6
2017-09-30 41 22 -2
2017-06-30 40 26 2
2017-03-31 38 26 -3
2016-12-31 34 27 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Granite Oil is high growth as no earnings estimate data is available.
  • Unable to determine if Granite Oil 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:7GN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Granite Oil Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7GN Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2020-03-06
2019-12-31
DB:7GN Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 0.15
2019-06-30 0.14
2019-03-31 0.06
2018-12-31 0.02
2018-09-30 -0.23
2018-06-30 -0.34
2018-03-31 -0.33
2017-12-31 -0.16
2017-09-30 -0.05
2017-06-30 0.07
2017-03-31 -0.08
2016-12-31 -0.22

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

Next steps:

  1. Examine whether Granite Oil is trading at Granite Oil'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Granite Oil'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. Granite Oil'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 Granite Oil'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.
Granite Oil 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.

7GN Past Performance

  How has Granite Oil 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 Granite Oil'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.
  • Granite Oil's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Granite Oil has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Granite Oil has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
Granite Oil'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 Granite Oil Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7GN 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 28.33 5.51 1.03
2019-06-30 30.34 5.26 0.63
2019-03-31 32.16 2.22 2.16
2018-12-31 32.46 0.75 2.54
2018-09-30 36.92 -7.97 5.42
2018-06-30 36.84 -11.61 6.39
2018-03-31 37.02 -11.36 5.25
2017-12-31 39.24 -5.51 5.20
2017-09-30 40.62 -1.67 5.14
2017-06-30 40.15 2.38 4.54
2017-03-31 37.84 -2.52 5.93
2016-12-31 33.64 -7.28 6.51
2016-09-30 32.90 -7.83 6.92
2016-06-30 34.68 -2.45 7.58
2016-03-31 51.08 146.20 6.04
2015-12-31 81.03 150.22 7.20
2015-09-30 125.12 180.14 0.89
2015-06-30 183.63 194.81 8.60
2015-03-31 221.01 69.31 11.89
2014-12-31 234.74 76.23 11.21
2014-09-30 220.06 51.23 13.08
2014-06-30 193.30 38.69 6.31
2014-03-31 163.43 27.36 8.96
2013-12-31 137.64 18.05 8.56
2013-09-30 121.28 18.23 10.66
2013-06-30 99.19 10.95 9.90
2013-03-31 81.95 9.75 5.46

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

7GN Health

 How is Granite Oil'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 Granite Oil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Granite Oil's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Granite Oil's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Granite Oil'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 0.1x 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 Granite Oil Company Filings, last reported 5 months ago.

DB:7GN Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 195.42 41.50 0.71
2019-06-30 194.56 44.28 0.69
2019-03-31 190.95 44.24 0.85
2018-12-31 192.11 46.38 0.71
2018-09-30 189.44 44.99 0.49
2018-06-30 192.73 44.85 0.80
2018-03-31 195.39 39.74 0.67
2017-12-31 200.16 36.35 0.67
2017-09-30 207.27 37.36 0.53
2017-06-30 212.74 35.39 0.60
2017-03-31 214.68 28.25 0.43
2016-12-31 214.35 27.90 0.51
2016-09-30 218.20 25.32 0.47
2016-06-30 219.59 24.20 1.09
2016-03-31 207.61 39.01 0.80
2015-12-31 211.29 37.01 0.75
2015-09-30 215.00 44.72 0.88
2015-06-30 210.47 28.19 1.85
2015-03-31 466.45 171.66 1.22
2014-12-31 463.51 139.23 0.68
2014-09-30 433.61 107.49 1.07
2014-06-30 410.94 86.15 1.48
2014-03-31 321.64 108.20 1.15
2013-12-31 311.07 88.40 0.60
2013-09-30 263.80 91.52 1.26
2013-06-30 253.34 63.77 1.10
2013-03-31 244.91 45.76 0.80
  • Granite Oil's level of debt (21.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (24.9% vs 21.2% today).
  • Debt is well covered by operating cash flow (23.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Granite Oil'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. Granite Oil has a total score of 3/6, 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.

7GN Dividends

 What is Granite Oil'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 Granite Oil dividends.
If you bought €2,000 of Granite Oil 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 Granite Oil's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Granite Oil'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:7GN 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 69 Stocks 7.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

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

DB:7GN Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-03-06
2019-12-31
DB:7GN Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-11-06 0.000 0.000
2019-08-12 0.000 0.000
2019-05-08 0.000 0.000
2018-12-06 0.000 0.000
2018-11-22 0.120 13.639
2018-10-17 0.276 22.456
2018-09-14 0.276 15.178
2018-08-15 0.276 14.613
2018-07-13 0.276 10.666
2018-06-15 0.276 9.341
2018-05-15 0.276 9.171
2018-04-13 0.276 9.593
2018-03-15 0.276 10.248
2018-02-15 0.276 11.628
2018-01-15 0.276 11.366
2017-12-18 0.276 9.089
2017-11-15 0.420 13.779
2017-10-12 0.420 12.580
2017-09-12 0.420 11.797
2017-08-15 0.420 11.459
2017-07-17 0.420 9.330
2017-06-15 0.420 9.279
2017-05-15 0.420 8.534
2017-04-17 0.420 8.062
2017-03-15 0.420 7.298
2017-02-15 0.420 7.400
2017-01-16 0.420 7.684
2016-12-15 0.420 7.232
2016-11-15 0.420 7.848
2016-10-14 0.420 8.206
2016-09-15 0.420 7.156
2016-08-11 0.420 6.388
2016-07-15 0.420 5.662
2016-05-16 0.420 5.629
2016-04-15 0.420 5.945
2016-03-14 0.420 6.308
2016-02-16 0.420 5.754
2016-01-18 0.420 5.499
2015-12-15 0.420 5.810
2015-11-16 0.420 5.177
2015-10-15 0.390 4.964
2015-09-15 0.390 5.306
2015-08-13 0.390 6.279
2015-07-15 0.360 7.526
2015-06-17 0.360 5.836
2015-05-13 1.080 14.019

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

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

7GN Management

 What is the CEO of Granite Oil'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
Mike Kabanuk
COMPENSATION CA$225,364
AGE 48
TENURE AS CEO 4.8 years
CEO Bio

Mr. Michael Lyle Kabanuk, also known as Mike, P.Eng., has been Chief Executive Officer and President of Granite Oil Corp. since May 15, 2015. Mr. Kabanuk served as the Executive Chairman at Granite Oil Corp. since January 2010 until May 14, 2015. He served as the Chief Operating Officer and Vice President of Operations at Cyries Energy Inc. from June 28, 2004 to March 2008. He served as Vice President of Operations at Cequel Energy Inc. from August 7, 2003 to May 27, 2004. Prior thereto, he served as an Operations Manager of Cequel from January 24, 2002 to August 7, 2003 and Operations Manager of Cypress Energy Inc., from September 1997 to March 2001. He had been Chairman of Boulder Energy Limited since May 15, 2015 and its Director since May 15, 2015. Mr. Kabanuk has been a Director at Granite Oil Corp. since July 22, 2008.

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

Average tenure of the Granite Oil management team in years:

3.2
Average Tenure
  • The tenure for the Granite Oil management team is about average.
Management Team

Mike Kabanuk

TITLE
President
COMPENSATION
CA$225K
AGE
48
TENURE
4.8 yrs

Devon Griffiths

TITLE
Chief Operating Officer
COMPENSATION
CA$145K
TENURE
1.6 yrs

Jack Smith

TITLE
Interim Chief Financial Officer
TENURE
0.8 yrs

Dan Kenney

TITLE
Corporate Secretary
AGE
49
TENURE
10.8 yrs
Board of Directors Tenure

Average tenure and age of the Granite Oil board of directors in years:

11.7
Average Tenure
56
Average Age
  • The average tenure for the Granite Oil board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Brendan Carrigy

TITLE
Independent Chairman
COMPENSATION
CA$22K
AGE
58
TENURE
4.8 yrs

Mike Kabanuk

TITLE
President
COMPENSATION
CA$225K
AGE
48
TENURE
11.7 yrs

Kevin Andrus

TITLE
Independent Director
COMPENSATION
CA$21K
AGE
49
TENURE
6.8 yrs

Martin Cheyne

TITLE
Independent Director
COMPENSATION
CA$21K
AGE
58
TENURE
13.2 yrs

Brad Porter

TITLE
Independent Director
COMPENSATION
CA$22K
AGE
56
TENURE
13.2 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 (€)
21. Nov 19 Buy Brendan Carrigy Individual 18. Nov 19 19. Nov 19 20,000 €0.32 €6,280
21. Nov 19 Buy Michael Kabanuk Individual 20. Nov 19 21. Nov 19 20,000 €0.31 €6,154
19. Nov 19 Buy Michael Kabanuk Individual 15. Nov 19 18. Nov 19 15,000 €0.33 €4,878
15. Nov 19 Buy Brendan Carrigy Individual 11. Nov 19 15. Nov 19 19,000 €0.33 €6,173
07. Nov 19 Buy Brendan Carrigy Individual 05. Nov 19 05. Nov 19 20,000 €0.34 €6,722
07. Nov 19 Buy Michael Kabanuk Individual 06. Nov 19 07. Nov 19 15,000 €0.34 €5,031
04. Nov 19 Buy Michael Kabanuk Individual 04. Nov 19 04. Nov 19 10,000 €0.34 €3,397
01. Nov 19 Buy Brendan Carrigy Individual 29. Oct 19 31. Oct 19 25,000 €0.34 €8,148
01. Nov 19 Buy Michael Kabanuk Individual 31. Oct 19 01. Nov 19 5,000 €0.33 €1,617
29. Oct 19 Buy Michael Kabanuk Individual 29. Oct 19 29. Oct 19 2,500 €0.33 €834
28. Oct 19 Buy Michael Kabanuk Individual 28. Oct 19 28. Oct 19 5,000 €0.35 €1,725
24. Oct 19 Buy Brendan Carrigy Individual 21. Oct 19 23. Oct 19 15,000 €0.35 €5,253
23. Oct 19 Buy Michael Kabanuk Individual 23. Oct 19 23. Oct 19 5,000 €0.36 €1,786
21. Jun 19 Buy Brendan Carrigy Individual 19. Jun 19 19. Jun 19 10,000 €0.47 €4,674
11. Jun 19 Buy Michael Kabanuk Individual 10. Jun 19 10. Jun 19 4,000 €0.45 €1,813
05. Jun 19 Buy Brendan Carrigy Individual 03. Jun 19 03. Jun 19 10,000 €0.44 €4,206
04. Jun 19 Buy Michael Kabanuk Individual 04. Jun 19 04. Jun 19 4,000 €0.44 €1,750
03. Jun 19 Buy Michael Kabanuk Individual 31. May 19 31. May 19 1,000 €0.49 €491
31. May 19 Buy Brendan Carrigy Individual 28. May 19 30. May 19 3,500 €0.51 €1,759
28. May 19 Buy Michael Kabanuk Individual 27. May 19 27. May 19 1,000 €0.51 €512
23. May 19 Buy Michael Kabanuk Individual 23. May 19 23. May 19 1,000 €0.51 €505
22. May 19 Buy Michael Kabanuk Individual 22. May 19 22. May 19 1,000 €0.57 €568
X
Management checks
We assess Granite Oil'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. Granite Oil 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.

7GN News

Simply Wall St News

7GN Company Info

Description

Granite Oil Corp. engages in the exploration for, exploitation, development, and production of oil and natural gas in Canada. The company holds a 98% working interest in the Alberta Bakken properties covering 56,409 net undeveloped acres and 72,652 net developed acres with 68.0 net oil wells and 83.0 net gas wells located in southern Alberta. The company was formerly known as DeeThree Exploration Ltd. and changed its name to Granite Oil Corp. in May 2015. Granite Oil Corp. was founded in 2015 and is headquartered in Calgary, Canada.

Details
Name: Granite Oil Corp.
7GN
Exchange: DB
Founded: 2015
CA$24,398,252
39,061,575
Website: http://www.graniteoil.ca
Address: Granite Oil Corp.
308 Fourth Avenue SW,
Suite 3230,
Calgary,
Alberta, T2P 0H7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX GXO Common Shares The Toronto Stock Exchange CA CAD 26. Jun 2009
OTCPK GXOC.F Common Shares Pink Sheets LLC US USD 26. Jun 2009
DB 7GN Common Shares Deutsche Boerse AG DE EUR 26. Jun 2009
Number of employees
Current staff
Staff numbers
9
Granite Oil employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/06 22:01
End of day share price update: 2020/03/06 00:00
Last estimates confirmation: 2020/01/29
Last earnings filing: 2019/11/06
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.