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Canadian Overseas Petroleum

DB:V9LA
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
V9LA
DB
CA$17M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of oil and natural gas offshore reserves in Africa. The last earnings update was 146 days ago. More info.


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  • Canadian Overseas Petroleum has significant price volatility in the past 3 months.
V9LA Share Price and Events
7 Day Returns
0%
DB:V9LA
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-90%
DB:V9LA
28.1%
DE Oil and Gas
-16.6%
DE Market
V9LA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canadian Overseas Petroleum (V9LA) 0% -96.9% 0% -90% -96.7% -99.6%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • V9LA underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • V9LA underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
V9LA
Industry
5yr Volatility vs Market

Value

 Is Canadian Overseas Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Canadian Overseas Petroleum is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Canadian Overseas Petroleum has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Canadian Overseas Petroleum. This is due to cash flow or dividend data being unavailable. The share price is €0.0002.
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 Canadian Overseas Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canadian Overseas Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:V9LA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.00
CNSX:XOP Share Price ** CNSX (2020-04-07) in CAD CA$0.01
CNSX:XOP Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.707 $0
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Canadian Overseas Petroleum.

DB:V9LA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:XOP Share Price ÷ EPS (both in USD)

= 0 ÷ 0.00

-2.45x

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

  • Canadian Overseas Petroleum is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Canadian Overseas Petroleum is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Canadian Overseas Petroleum's expected growth come at a high price?
Raw Data
DB:V9LA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.45x
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 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*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 Canadian Overseas Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Canadian Overseas Petroleum's assets?
Raw Data
DB:V9LA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.00
CNSX:XOP Share Price * CNSX (2020-04-07) in CAD CA$0.01
CNSX:XOP Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.707 $0
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:V9LA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:XOP Share Price ÷ Book Value per Share (both in USD)

= 0 ÷ 0.00

-90.63x

* Primary Listing of Canadian Overseas Petroleum.

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

  • Canadian Overseas Petroleum has negative assets, we can't compare the value of its assets to the DE Oil and Gas industry average.

Next steps:

  1. Take a look at our analysis of V9LA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Canadian Overseas Petroleum's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Oil and Gas industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Canadian Overseas Petroleum'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. Canadian Overseas Petroleum has a total score of 0/6, see the detailed checks below.

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

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

Future Performance

 How is Canadian Overseas Petroleum 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 Canadian Overseas Petroleum 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
13.1%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Canadian Overseas Petroleum expected to grow at an attractive rate?
  • Unable to compare Canadian Overseas Petroleum's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Canadian Overseas Petroleum's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Canadian Overseas Petroleum's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:V9LA Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
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:V9LA 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:V9LA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:V9LA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 -4 -4
2019-06-30 -5 -4
2019-03-31 -5 -5
2018-12-31 -5 -5
2018-09-30 -6 -5
2018-06-30 -5 -21
2018-03-31 -5 -21
2017-12-31 -5 -20
2017-09-30 -4 -15
2017-06-30 -5 -4
2017-03-31 -6 -6
2016-12-31 -5 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Canadian Overseas Petroleum is high growth as no earnings estimate data is available.
  • Unable to determine if Canadian Overseas Petroleum 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:V9LA 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 Canadian Overseas Petroleum Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:V9LA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:V9LA Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.00
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 -0.01
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01

*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 Canadian Overseas Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of V9LA’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. Canadian Overseas Petroleum'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. Canadian Overseas Petroleum'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 Canadian Overseas Petroleum'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.
Canadian Overseas Petroleum 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 Canadian Overseas Petroleum 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 Canadian Overseas Petroleum'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.
  • Canadian Overseas Petroleum does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Canadian Overseas Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Canadian Overseas Petroleum's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Canadian Overseas Petroleum'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 Canadian Overseas Petroleum Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:V9LA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 -3.87 4.35
2019-06-30 -4.25 4.71
2019-03-31 -4.51 4.88
2018-12-31 -4.92 4.94
2018-09-30 -5.43 5.14
2018-06-30 -21.30 5.10
2018-03-31 -20.87 5.00
2017-12-31 -20.15 4.87
2017-09-30 -15.02 5.42
2017-06-30 -4.28 5.81
2017-03-31 -5.82 7.37
2016-12-31 -6.76 7.28
2016-09-30 -12.68 6.86
2016-06-30 -7.15 7.03
2016-03-31 -6.30 5.93
2015-12-31 -6.69 6.39
2015-09-30 -6.59 7.05
2015-06-30 -7.63 7.11
2015-03-31 -7.77 6.82
2014-12-31 -6.55 6.54
2014-09-30 -8.09 8.03
2014-06-30 -7.75 7.62
2014-03-31 -7.29 7.89
2013-12-31 -8.54 8.74
2013-09-30 0.00 -8.60 7.93
2013-06-30 0.02 -44.58 8.51

*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 Canadian Overseas Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Canadian Overseas Petroleum 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 Canadian Overseas Petroleum 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 Canadian Overseas Petroleum'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.
Canadian Overseas Petroleum 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 Canadian Overseas Petroleum'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 Canadian Overseas Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Canadian Overseas Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Canadian Overseas Petroleum's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Canadian Overseas Petroleum'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.
  • Canadian Overseas Petroleum has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Canadian Overseas Petroleum Company Filings, last reported 6 months ago.

DB:V9LA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -0.14 0.00 0.53
2019-06-30 0.27 0.00 0.72
2019-03-31 0.91 0.00 0.94
2018-12-31 2.08 0.00 1.90
2018-09-30 2.60 0.00 3.39
2018-06-30 0.53 0.00 1.74
2018-03-31 1.66 0.00 3.08
2017-12-31 3.21 0.00 4.06
2017-09-30 1.20 0.00 2.44
2017-06-30 18.56 0.00 3.87
2017-03-31 16.31 0.00 1.59
2016-12-31 17.15 0.00 2.57
2016-09-30 11.59 0.00 3.71
2016-06-30 17.42 0.00 5.22
2016-03-31 15.52 0.00 1.32
2015-12-31 17.21 0.00 2.02
2015-09-30 19.07 0.00 3.54
2015-06-30 16.46 0.00 0.85
2015-03-31 18.21 0.00 2.45
2014-12-31 20.27 0.00 4.71
2014-09-30 22.76 0.00 7.26
2014-06-30 17.23 0.00 1.79
2014-03-31 16.04 0.00 0.90
2013-12-31 17.56 0.00 2.24
2013-09-30 18.56 0.00 5.02
2013-06-30 12.72 0.00 0.62
  • Canadian Overseas Petroleum has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Canadian Overseas Petroleum's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Canadian Overseas Petroleum has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Canadian Overseas Petroleum has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Canadian Overseas Petroleum'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. Canadian Overseas Petroleum has a total score of 1/6, 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 Canadian Overseas Petroleum'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 Canadian Overseas Petroleum dividends.
If you bought €2,000 of Canadian Overseas Petroleum 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 Canadian Overseas Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Canadian Overseas Petroleum'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:V9LA 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 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:V9LA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

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

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

Management

 What is the CEO of Canadian Overseas Petroleum'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
Arthur Millholland
COMPENSATION $384,800
AGE 60
TENURE AS CEO 10.7 years
CEO Bio

Mr. Arthur S. Millholland, P.Geo., has been Chief Executive Officer and President of Canadian Overseas Petroleum Limited (formerly, Velo Energy Inc.) since August 7, 2009. Mr. Millholland serves as the Chief Executive Officer and President of Premier Oil ONS Limited (formerly, Oilexco North Sea Ltd.). He founded 0915988 B.C. Ltd. (formerly, Oilexco Inc. and ScotOil Petroleum Limited) in 1993, served as its Chief Executive Officer and President since February 1994 until July 2009. Mr. Millholland is a professional geologist with over 30 year's experience. He served as Chairman of 0915988 B.C. Ltd. and served as its Director from February 1994 to June 2010. He has been a Non-Executive Director at Canadian Overseas Petroleum Limited since August 14 2009 and Rupert Resources Ltd. since March 4, 2014. Mr. Millholland has worked in a variety of regions including the UK North Sea, Canada, the Gulf of Mexico, the continental United States, South America, Iraq and West and North Africa. He is a member of the Association of Professional Engineers Geologists and Geophysicists of Alberta and the American Association of Petroleum Geologists. He is a graduate of the University of Waterloo where he obtained an Honours Bachelor of Science degree in Earth Science.

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

Average tenure and age of the Canadian Overseas Petroleum management team in years:

8.3
Average Tenure
60
Average Age
  • The average tenure for the Canadian Overseas Petroleum management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Arthur Millholland

TITLE
CEO, President & Director
COMPENSATION
$385K
AGE
60
TENURE
10.7 yrs

Aleksandra Owad

TITLE
Chief Financial Officer
COMPENSATION
$254K
AGE
55
TENURE
3.9 yrs

Richard Mays

TITLE
VP of Business Development & General Council
COMPENSATION
$341K
AGE
58
TENURE
5.6 yrs

Rod Christensen

TITLE
Vice President of Exploration & Exploitation
COMPENSATION
$285K
AGE
64
TENURE
8.3 yrs

Nicholas Pillar

TITLE
Manager of Geophysics
COMPENSATION
$301K

Kim Galavan

TITLE
Chief Administrative Officer
AGE
61
TENURE
10.6 yrs

Faralee Chanin

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure and age of the Canadian Overseas Petroleum board of directors in years:

10.6
Average Tenure
66
Average Age
  • The average tenure for the Canadian Overseas Petroleum board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Harald Ludwig

TITLE
Independent Chairman of the Board
COMPENSATION
$186K
AGE
65
TENURE
10.6 yrs

Arthur Millholland

TITLE
CEO, President & Director
COMPENSATION
$385K
AGE
60
TENURE
10.7 yrs

Massimo Carello

TITLE
Independent Director
COMPENSATION
$114K
AGE
71
TENURE
10.6 yrs

John Cowan

TITLE
Independent Director
COMPENSATION
$135K
TENURE
4.4 yrs

Viscount Astor

TITLE
Independent Director
COMPENSATION
$95K
AGE
67
TENURE
7.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Canadian Overseas Petroleum'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. Canadian Overseas Petroleum 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

Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of oil and natural gas offshore reserves in Africa. It holds a 17% working interest in the Block LB-13 in offshore Liberia; and 100% interest in the OPL 226 blocks located in the Niger Delta province, offshore Nigeria. The company was formerly known as Velo Energy Inc. and changed its name to Canadian Overseas Petroleum Limited in July 2010. Canadian Overseas Petroleum Limited is headquartered in Calgary, Canada.

Details
Name: Canadian Overseas Petroleum Limited
V9LA
Exchange: DB
Founded:
CA$11,385,866
3,483,752,463
Website: http://www.canoverseas.com
Address: Canadian Overseas Petroleum Limited
715–5th Avenue S.W.,
Suite 3200,
Calgary,
Alberta, T2P 2X6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX XOP Common Shares Canadian National Stock Exchange CA CAD 02. Jun 2006
OTCPK VELX.F Common Shares Pink Sheets LLC US USD 02. Jun 2006
DB V9LA Common Shares Deutsche Boerse AG DE EUR 02. Jun 2006
LSE COPL Common Shares London Stock Exchange GB GBP 02. Jun 2006
Number of employees
Current staff
Staff numbers
11
Canadian Overseas Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:04
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2018/01/25
Last earnings filing: 2019/11/13
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.