TSXV:GNF

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Greenfields Petroleum

Executive Summary

Greenfields Petroleum Corporation, an oil and natural gas company, focuses on the development and production of proven oil and gas reserves primarily in the Republic of Azerbaijan.


Snowflake Analysis

Fair value with imperfect balance sheet.

Share Price & News

How has Greenfields Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GNF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

GNF

7.9%

CA Oil and Gas

4.1%

CA Market


1 Year Return

-90.8%

GNF

-21.0%

CA Oil and Gas

-8.5%

CA Market

Return vs Industry: GNF underperformed the Canadian Oil and Gas industry which returned -24.6% over the past year.

Return vs Market: GNF underperformed the Canadian Market which returned -10.1% over the past year.


Shareholder returns

GNFIndustryMarket
7 Day0%7.9%4.1%
30 Day-50.0%11.4%7.8%
90 Day-30.8%-11.1%-3.3%
1 Year-90.8%-90.8%-16.8%-21.0%-5.3%-8.5%
3 Year-97.5%-97.5%-22.0%-31.3%3.7%-6.0%
5 Year-98.9%-98.9%-25.2%-37.5%21.5%3.6%

Price Volatility Vs. Market

How volatile is Greenfields Petroleum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Greenfields Petroleum undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GNF (CA$0.04) is trading below our estimate of fair value (CA$20.71)

Significantly Below Fair Value: GNF is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: GNF 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 GNF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GNF is good value based on its PB Ratio (0x) compared to the CA Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Greenfields Petroleum forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

48.8%

Forecasted Energy industry annual growth in earnings


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 Greenfields 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Greenfields Petroleum performed over the past 5 years?

-7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GNF is currently unprofitable.

Growing Profit Margin: GNF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GNF is unprofitable, and losses have increased over the past 5 years at a rate of -7.8% per year.

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

Earnings vs Industry: GNF is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-16.2%).


Return on Equity

High ROE: GNF has a negative Return on Equity (-12.53%), as it is currently unprofitable.


Next Steps

Financial Health

How is Greenfields Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: GNF's short term assets ($12.6M) do not cover its short term liabilities ($38.7M).

Long Term Liabilities: GNF's short term assets ($12.6M) do not cover its long term liabilities ($39.4M).


Debt to Equity History and Analysis

Debt Level: GNF's debt to equity ratio (56.3%) is considered high.

Reducing Debt: GNF's debt to equity ratio has reduced from 232.7% to 56.3% over the past 5 years.

Debt Coverage: GNF's debt is well covered by operating cash flow (25.7%).

Interest Coverage: Insufficient data to determine if GNF's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Greenfields Petroleum's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate GNF'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 GNF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GNF'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 GNF'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?

3.0yrs

Average management tenure


CEO

John Wilfrid Harkins (62yo)

10.33yrs

Tenure

US$283,750

Compensation

Mr. John Wilfrid Hugh Harkins has been the Chief Executive Officer and President of Greenfields Petroleum Corporation since February 11, 2010 and its Chief Operating Officer since May 1, 2019. He is a Dire ...


CEO Compensation Analysis

Compensation vs Market: John Wilfrid's total compensation ($USD283.75K) is above average for companies of similar size in the Canadian market ($USD165.66K).

Compensation vs Earnings: John Wilfrid's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
John Wilfrid Harkins
President10.33yrsUS$283.75k16.74% $327.2k
Alex Warmath
Co-Founder & Consultantno dataUS$145.16kno data
Richard MacDougal
Co-Founder & Consultantno dataUS$144.82kno data
Sanjay Swarup
CFO & Treasurer0.92yrno datano data
A. Curzadd
3yrsUS$268.06kno data

3.0yrs

Average Tenure

68yo

Average Age

Experienced Management: GNF's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Wilfrid Harkins
President10.33yrsUS$283.75k16.74% $327.2k
Michael Hibberd
Independent Chairman of the Board10.33yrsUS$28.28k0.068% $1.3k
Geir Sagemo
Non-Executive Director3.67yrsno datano data
David Fransen
Non-Executive Director3.67yrsno datano data

7.0yrs

Average Tenure

62yo

Average Age

Experienced Board: GNF's board of directors are considered experienced (7 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 been substantially diluted in the past year, with total shares outstanding growing by 141.5%.


Top Shareholders

Company Information

Greenfields Petroleum Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Greenfields Petroleum Corporation
  • Ticker: GNF
  • Exchange: TSXV
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$1.954m
  • Shares outstanding: 43.43m
  • Website: https://www.greenfields-petroleum.com

Number of Employees


Location

  • Greenfields Petroleum Corporation
  • 2001 Timberloch Place
  • Suite 500
  • The Woodlands
  • Texas
  • 77380
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GNFTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2010
GEEP.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2010
9GE1DB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2010

Biography

Greenfields Petroleum Corporation, an oil and natural gas company, focuses on the development and production of proven oil and gas reserves primarily in the Republic of Azerbaijan. It holds interests in the Bahar project, which consists of the Bahar gas field, Gum Deniz oil field, and exploration area covering an area of approximately 76,500 acres of producing oil field and a gas field located in the shallow waters of the Caspian Sea. The company is headquartered in The Woodlands, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 04:38
End of Day Share Price2020/06/05 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.