TSXV:EOG

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Eco (Atlantic) Oil & Gas

Executive Summary

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Eco (Atlantic) Oil & Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EOG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

EOG

-1.8%

CA Oil and Gas

-1.2%

CA Market


1 Year Return

-84.2%

EOG

-34.8%

CA Oil and Gas

-5.5%

CA Market

Return vs Industry: EOG underperformed the Canadian Oil and Gas industry which returned -33.5% over the past year.

Return vs Market: EOG underperformed the Canadian Market which returned -3.6% over the past year.


Shareholder returns

EOGIndustryMarket
7 Day0%-1.8%-1.2%
30 Day-4.2%-3.7%0.4%
90 Day-1.4%-12.8%-0.3%
1 Year-84.2%-84.2%-31.2%-34.8%-2.1%-5.5%
3 Year-13.8%-13.8%-38.6%-46.1%3.9%-6.2%
5 Year122.6%122.6%-32.8%-44.5%32.3%12.0%

Price Volatility Vs. Market

How volatile is Eco (Atlantic) Oil & Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Eco (Atlantic) Oil & Gas undervalued compared to its fair value and its price relative to the market?

2.57x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate EOG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate EOG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: EOG is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.

PE vs Market: EOG is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EOG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EOG is overvalued based on its PB Ratio (2.6x) compared to the CA Oil and Gas industry average (0.8x).


Next Steps

Future Growth

How is Eco (Atlantic) Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

24.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EOG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: EOG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: EOG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if EOG's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if EOG's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if EOG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Eco (Atlantic) Oil & Gas performed over the past 5 years?

-42.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EOG is currently unprofitable.

Growing Profit Margin: EOG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EOG is unprofitable, and losses have increased over the past 5 years at a rate of 42.7% per year.

Accelerating Growth: Unable to compare EOG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EOG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.9%).


Return on Equity

High ROE: EOG has a negative Return on Equity (-73.11%), as it is currently unprofitable.


Next Steps

Financial Health

How is Eco (Atlantic) Oil & Gas's financial position?


Financial Position Analysis

Short Term Liabilities: EOG's short term assets ($18.1M) exceed its short term liabilities ($372.1K).

Long Term Liabilities: EOG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: EOG is debt free.

Reducing Debt: EOG has not had any debt for past 5 years.


Balance Sheet


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.

Stable Cash Runway: EOG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: EOG has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 22.9% each year


Next Steps

Dividend

What is Eco (Atlantic) Oil & Gas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate EOG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EOG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EOG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EOG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EOG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.4yrs

Average management tenure


CEO

Gil Holzman (48 yo)

8.92yrs

Tenure

US$1,701,707

Compensation

Mr. Gil Holzman has been the Chief Executive Officer and President at Eco (Atlantic) Oil & Gas Ltd., an affiliate of Eco Oil & Gas (Namibia) (Pty) Ltd. since November 25, 2011. Mr. Holzman has been the Chi ...


Leadership Team

NamePositionTenureCompensationOwnership
Gil Holzman
CEO, President & Executive Director8.92yrsUS$1.70m3.07%
$ 2.0m
Alan Rootenberg
Chief Financial Officer8.42yrsUS$15.00k0.093%
$ 59.0k
Colin Kinley
COO & Director8.92yrsUS$1.78m2.28%
$ 1.5m
Gadi Levin
Finance Director & Director3.83yrsUS$335.66k0.28%
$ 179.1k
Alan Friedman
Executive VP8.83yrsUS$234.92k0.57%
$ 360.9k
Derek Linfield
Consultant2.92yrsno datano data

8.4yrs

Average Tenure

54yo

Average Age

Experienced Management: EOG's management team is seasoned and experienced (8.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gil Holzman
CEO, President & Executive Director8.92yrsUS$1.70m3.07%
$ 2.0m
Colin Kinley
COO & Director8.92yrsUS$1.78m2.28%
$ 1.5m
Gadi Levin
Finance Director & Director3.83yrsUS$335.66k0.28%
$ 179.1k
Alan Friedman
Executive VP8.83yrsUS$234.92k0.57%
$ 360.9k
Keith Hill
Independent Director2.83yrsUS$389.32k0.31%
$ 198.4k
Peter Nicol
Independent Board Director/Trustee8.42yrsUS$400.72k0.65%
$ 411.4k
Moshe Peterburg
Independent Chairman of the Board8.92yrsUS$679.87k5.55%
$ 3.5m
Helmut Angula
Independent Director8.92yrsUS$17.55k0.55%
$ 351.2k

8.9yrs

Average Tenure

60.5yo

Average Age

Experienced Board: EOG's board of directors are considered experienced (8.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Eco (Atlantic) Oil & Gas Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eco (Atlantic) Oil & Gas Ltd.
  • Ticker: EOG
  • Exchange: TSXV
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$63.721m
  • Shares outstanding: 184.70m
  • Website: https://www.ecooilandgas.com

Location

  • Eco (Atlantic) Oil & Gas Ltd.
  • 7 Coulson Avenue
  • Toronto
  • Ontario
  • M4V 1Y3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EOGTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2011
ECAO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2011
ECOAIM (London Stock Exchange AIM Market)YesCommon SharesGBGBPNov 2011
EOIBST (Boerse-Stuttgart)YesCommon SharesDEEURNov 2011

Biography

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties. The company holds i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 23:59
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.