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Razor Energy

DB:R9N
Snowflake Description

Unattractive dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
R9N
DB
CA$3M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Razor Energy Corp. engages in the acquisition, exploration, development, and production of oil and natural gas properties in Alberta. The last earnings update was 124 days ago. More info.


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  • Razor Energy has significant price volatility in the past 3 months.
R9N Share Price and Events
7 Day Returns
-22.5%
DB:R9N
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-96.4%
DB:R9N
21.9%
DE Oil and Gas
-17.7%
DE Market
R9N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Razor Energy (R9N) -22.5% -76.4% -89.7% -96.4% - -
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
  • R9N underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • R9N underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
R9N
Industry
5yr Volatility vs Market

Value

 Is Razor Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Razor Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Razor Energy.

DB:R9N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in CAD CA$ 0.0033333333333333
Payout Ratio Company Filings (2019-09-30) -1735.9%
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:R9N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 26.5%) (1991.98%))
8.798
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:R9N using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Razor Energy is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:R9N Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CA$0 / (10.49% - -0.39%)
CA$0
DB:R9N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:R9N represents 0.54583x of TSXV:RZE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.54583x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.00 x 0.54583
€0.00
Value per share (EUR) From above. €0.00
Current discount Discount to share price of €0.07
= -1 x (€0.07 - €0.00) / €0.00
-2611.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Razor Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Razor Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Razor Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:R9N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$-0.90
TSXV:RZE Share Price ** TSXV (2020-03-30) in CAD CA$0.12
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 Razor Energy.

DB:R9N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.12 ÷ -0.90

-0.13x

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

  • Razor Energy is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Razor Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Razor Energy's expected growth come at a high price?
Raw Data
DB:R9N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.13x
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 Razor Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Razor Energy's assets?
Raw Data
DB:R9N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$0.19
TSXV:RZE Share Price * TSXV (2020-03-30) in CAD CA$0.12
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:R9N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.12 ÷ 0.19

0.62x

* Primary Listing of Razor Energy.

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

  • Razor Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Razor 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. Razor Energy has a total score of 1/6, 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.

Future Performance

 How is Razor 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 Razor 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 Razor Energy expected to grow at an attractive rate?
  • Unable to compare Razor Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Razor Energy's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Razor Energy's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:R9N 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:R9N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:R9N Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 11
2020-12-31 8
2020-03-31
2019-12-31 11
DB:R9N Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 84 19 -14
2019-06-30 96 25 -10
2019-03-31 106 21 -6
2018-12-31 101 22 4
2018-09-30 102 20 3
2018-06-30 88 12 3
2018-03-31 65 13 -2
2017-12-31 53 4 -4
2017-09-30 34 0 -7
2016-12-31 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Razor Energy is high growth as no earnings estimate data is available.
  • Unable to determine if Razor 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:R9N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

DB:R9N Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2020-03-31
2019-12-31
DB:R9N Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 -0.90
2019-06-30 -0.66
2019-03-31 -0.38
2018-12-31 0.27
2018-09-30 0.17
2018-06-30 0.16
2018-03-31 -0.10
2017-12-31 -0.27
2017-09-30 -0.42
2016-12-31 -0.41

*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 Razor 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 R9N’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. Razor 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. Razor 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 Razor 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.
Razor 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.

Past Performance

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

DB:R9N 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 83.70 -13.95 5.59
2019-06-30 95.97 -10.07 6.21
2019-03-31 106.41 -5.82 6.75
2018-12-31 100.94 4.24 5.66
2018-09-30 102.36 2.72 6.60
2018-06-30 87.87 2.51 6.00
2018-03-31 64.95 -1.55 6.01
2017-12-31 52.86 -3.65 5.42
2017-09-30 33.79 -6.65 4.01
2016-12-31 -0.74 0.74

*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 Razor Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Razor Energy has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Razor 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 Razor 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.
Razor Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Razor 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 Razor Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Razor Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Razor Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Razor Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x 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 Razor Energy Company Filings, last reported 6 months ago.

DB:R9N Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 4.03 45.20 3.44
2019-06-30 1.71 44.25 5.32
2019-03-31 4.26 44.26 4.54
2018-12-31 14.62 43.83 2.24
2018-09-30 12.07 43.42 5.53
2018-06-30 17.87 42.11 3.62
2018-03-31 15.37 41.87 13.11
2017-12-31 14.69 27.16 7.49
2017-09-30 12.51 26.93 12.19
2016-12-31 -0.42 0.05 0.01
  • Razor Energy's level of debt (1121.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if Razor Energy's debt level has increased without past 5-year debt data.
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.

  • Whilst loss making Razor Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Razor Energy has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -80.2% per year.
X
Financial health checks
We assess Razor 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. Razor 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.

Dividends

 What is Razor 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
125%
Current annual income from Razor Energy dividends. Estimated to be 2.78% next year.
If you bought €2,000 of Razor Energy shares you are expected to receive €2,500 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?
  • Razor Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Razor Energy's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
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:R9N Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:R9N Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.01 2.00
2020-03-31
2019-12-31 0.15 2.00
DB:R9N Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-01-09 0.150 49.293
2019-12-04 0.150 15.522
2019-11-05 0.150 15.397
2019-10-02 0.150 11.988
2019-09-04 0.150 9.249
2019-08-02 0.150 8.792
2019-07-02 0.150 7.725
2019-06-03 0.150 7.607
2019-05-01 0.150 6.384
2019-04-01 0.150 5.399
2019-03-01 0.150 5.690
2019-02-01 0.150 5.786
2019-01-02 0.150 6.385
2018-12-03 0.150 6.197
2018-11-01 0.150 5.924
2018-09-05 0.150 5.096

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

  • Whilst dividend payments have been stable, Razor Energy has been paying a dividend for less than 10 years.
  • Razor Energy has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Razor Energy's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Razor 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 Razor Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Razor Energy has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Razor 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
Doug Bailey
COMPENSATION CA$428,044
AGE 46
TENURE AS CEO 3.3 years
CEO Bio

Mr. Douglas Bailey, also known as Doug, has been the Chief Executive Officer and President of Razor Energy Corp. since November 2016. Mr. Bailey served as the Chief Executive Officer and President of Striker Exploration Corp. (Former Name: Elkwater Resources Ltd) from June 2014 to June 2016. He served as the Chief Financial Officer at Hyperion Exploration Corp. from July 23, 2010 to December 6, 2013. Mr. Bailey served as an Interim Chief Financial Officer of Knol Resources Corp. from June 24, 2008 to May 2009 and Consultant since April 2007. He has extensive experience in the finance and accounting industry, including in the oil and gas sector. He began his accounting career in commercial mortgage lending with Gibraltar Mortgage. He was employed with Aecon Infrastructure as Project Accountant and Controller from 1999 to 2003, where he oversaw financial, accounting and business development aspects of large domestic and international construction projects. For the past 10 years, Mr. Bailey has worked in oil and gas finance and accounting, including deal structure and financial analysis on a multi-billion dollar oil sands infrastructure project and in the restructuring of Arapahoe Energy, Magnus Energy and Blue Parrot Energy. He served as Project Accountant with Magnus Energy and Blue Parrot Energy. He has been a Director of Striker Exploration Corp. since February 19, 2015. He has been a Director of Razor Energy Corp. since June 14, 2016. Mr. Bailey served as a Director of Knol Resources Corp. since June 24, 2008.

CEO Compensation
  • Doug's compensation has increased whilst company is loss making.
  • Doug's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

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

3.3
Average Tenure
47
Average Age
  • The tenure for the Razor Energy management team is about average.
Management Team

Doug Bailey

TITLE
President
COMPENSATION
CA$428K
AGE
46
TENURE
3.3 yrs

Kevin Braun

TITLE
Chief Financial Officer
COMPENSATION
CA$331K
AGE
48
TENURE
3 yrs

Frank Muller

TITLE
Senior VP
COMPENSATION
CA$398K
AGE
57
TENURE
3.3 yrs

Hass Keshavji

TITLE
Corporate Secretary
AGE
35
Board of Directors Tenure

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

3.3
Average Tenure
46
Average Age
  • The tenure for the Razor Energy board of directors is about average.
Board of Directors

Doug Bailey

TITLE
President
COMPENSATION
CA$428K
AGE
46
TENURE
3.7 yrs

Frank Muller

TITLE
Senior VP
COMPENSATION
CA$398K
AGE
57
TENURE
3.7 yrs

Sony Gill

TITLE
Director
AGE
43
TENURE
3.3 yrs

Sonny Mottahed

TITLE
Independent Director
COMPENSATION
CA$40K
TENURE
3.3 yrs

Vick Saxon

TITLE
Independent Director
COMPENSATION
CA$90K
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Razor Energy individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Feb 20 Buy Frank Muller Individual 06. Feb 20 06. Feb 20 1,000 €0.34 €343
17. Dec 19 Buy Lisa Mueller Individual 17. Dec 19 17. Dec 19 400 €0.72 €286
07. Nov 19 Buy Douglas Bailey Individual 05. Nov 19 05. Nov 19 700 €0.68 €475
04. Nov 19 Buy Douglas Bailey Individual 01. Nov 19 01. Nov 19 1,000 €0.58 €579
01. Nov 19 Buy Douglas Bailey Individual 31. Oct 19 01. Nov 19 15,000 €0.65 €9,336
23. Oct 19 Buy Douglas Bailey Individual 22. Oct 19 22. Oct 19 1,000 €0.92 €918
15. Oct 19 Buy Lisa Mueller Individual 15. Oct 19 15. Oct 19 330 €1.01 €329
11. Oct 19 Buy Douglas Bailey Individual 10. Oct 19 10. Oct 19 2,200 €0.98 €2,120
07. Oct 19 Buy Frank Muller Individual 04. Oct 19 04. Oct 19 1,500 €1.05 €1,569
17. Sep 19 Buy Douglas Bailey Individual 16. Sep 19 16. Sep 19 1,800 €1.26 €2,143
11. Sep 19 Buy Douglas Bailey Individual 10. Sep 19 10. Sep 19 3,500 €1.15 €3,827
10. Sep 19 Buy Douglas Bailey Individual 09. Sep 19 09. Sep 19 2,900 €1.13 €3,254
03. Sep 19 Buy Douglas Bailey Individual 30. Aug 19 30. Aug 19 9,330 €1.24 €11,300
30. Aug 19 Buy Douglas Bailey Individual 28. Aug 19 29. Aug 19 8,000 €1.21 €9,397
28. Aug 19 Buy Douglas Bailey Individual 26. Aug 19 27. Aug 19 8,000 €1.11 €8,767
16. Jul 19 Buy Douglas Bailey Individual 15. Jul 19 15. Jul 19 1,500 €1.36 €2,043
15. Jul 19 Buy Lisa Mueller Individual 15. Jul 19 15. Jul 19 500 €1.36 €681
28. Jun 19 Buy Lisa Mueller Individual 28. Jun 19 28. Jun 19 1,400 €1.28 €1,787
20. Jun 19 Buy Frank Muller Individual 18. Jun 19 18. Jun 19 750 €1.36 €1,019
12. Jun 19 Buy Douglas Bailey Individual 11. Jun 19 11. Jun 19 2,000 €1.33 €2,629
10. Jun 19 Buy Lisa Mueller Individual 10. Jun 19 10. Jun 19 700 €1.39 €967
27. May 19 Buy Douglas Bailey Individual 24. May 19 24. May 19 2,200 €1.47 €3,222
21. May 19 Buy Frank Muller Individual 17. May 19 17. May 19 1,500 €1.53 €2,273
17. May 19 Buy Douglas Bailey Individual 16. May 19 16. May 19 2,100 €1.55 €3,241
15. May 19 Buy Douglas Bailey Individual 14. May 19 14. May 19 700 €1.56 €1,090
14. May 19 Buy Douglas Bailey Individual 13. May 19 13. May 19 1,900 €1.56 €2,920
13. May 19 Buy Douglas Bailey Individual 10. May 19 10. May 19 1,400 €1.57 €2,164
13. May 19 Buy Frank Muller Individual 10. May 19 10. May 19 2,000 €1.57 €3,138
10. May 19 Buy Douglas Bailey Individual 08. May 19 09. May 19 3,400 €1.75 €5,867
17. Apr 19 Buy Douglas Bailey Individual 16. Apr 19 16. Apr 19 3,000 €1.85 €5,442
15. Apr 19 Buy Lisa Mueller Individual 15. Apr 19 15. Apr 19 410 €1.78 €729
15. Apr 19 Buy Douglas Bailey Individual 12. Apr 19 12. Apr 19 1,700 €1.81 €3,037
10. Apr 19 Buy Lisa Mueller Individual 08. Apr 19 08. Apr 19 1,500 €1.89 €2,839
X
Management checks
We assess Razor 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. Razor 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.

News

Simply Wall St News

Company Info

Description

Razor Energy Corp. engages in the acquisition, exploration, development, and production of oil and natural gas properties in Alberta. It operates assets in the Kaybob and Swan Hills areas. The company was founded in 2016 and is headquartered in Calgary, Canada.

Details
Name: Razor Energy Corp.
R9N
Exchange: DB
Founded: 2016
CA$1,620,393
21,064,466
Website: http://www.razor-energy.com
Address: Razor Energy Corp.
500-5th Avenue SW,
Suite 800,
Calgary,
Alberta, T2P 3L5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV RZE New Common Shares TSX Venture Exchange CA CAD 01. Feb 2017
OTCPK RZRE.F New Common Shares Pink Sheets LLC US USD 01. Feb 2017
DB R9N New Common Shares Deutsche Boerse AG DE EUR 01. Feb 2017
Number of employees
Current staff
Staff numbers
33
Razor Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 01:17
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2019/11/28
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.