About CWV

Founded: 1966
Employees: 133
CEO: Brian Moss
WebsiteView website: crownpointenergy.com

Crown Point Energy Inc., a junior international oil and gas company, engages in the exploration for, and development and production of petroleum and natural gas properties. It holds a portfolio of projects located in Argentina. The company was formerly known as Crown Point Ventures Ltd. and changed its name to Crown Point Energy Inc. in July 2012. The company was incorporated in 1966 and is based in Calgary, Canada. Crown Point Energy Inc. is a subsidiary of Liminar Energia S.A.

Recent CWV News & Updates

New Risk • Aug 17

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 329% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Share price has been highly volatile over the past 3 months (28% average weekly change). Shareholders have been substantially diluted in the past year (329% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$59.5m market cap, or US$42.9m).

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About CWV

Recent CWV News & Updates

New major risk - Shareholder dilution

Does Crown Point Energy (CVE:CWV) Deserve A Spot On Your Watchlist?

New major risk - Financial position

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