Executive Summary
Highwood Oil Company Ltd. engages in the acquisition, exploration, development, and production of oil and gas reserves in Western Canada. More Details
Risk Analysis
+ 1 more risk
Snowflake Analysis
Weak fundamentals or lack of information.
Share Price & News
How has Highwood Oil's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Insufficient data to determine HOCL's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine HOCL's volatility change over the past year.
Market Performance
7 Day Return
-8.6%
HOCL
-2.8%
CA Oil and Gas
-0.2%
CA Market
1 Year Return
-64.3%
HOCL
-24.1%
CA Oil and Gas
1.5%
CA Market
Return vs Industry: HOCL underperformed the Canadian Oil and Gas industry which returned -23.5% over the past year.
Return vs Market: HOCL underperformed the Canadian Market which returned 2.1% over the past year.
Shareholder returns
| HOCL | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.6% | -2.8% | -0.2% |
| 30 Day | -17.4% | 9.1% | 4.0% |
| 90 Day | -60.4% | 25.0% | 12.9% |
| 1 Year | -64.3%-64.3% | -19.7%-24.1% | 5.2%1.5% |
| 3 Year | n/a | -20.4%-30.2% | 14.2%3.4% |
| 5 Year | n/a | -1.2%-18.7% | 63.2%38.1% |
Long-Term Price Volatility Vs. Market
How volatile is Highwood Oil's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Highwood Oil's(CVE:HOCL) Share Price Is Down 10% Over The Past Year.5 months ago | Simply Wall St
Is Highwood Oil (CVE:HOCL) Using Debt In A Risky Way?7 months ago | Simply Wall St
Introducing Highwood Oil (CVE:HOCL), The Stock That Dropped 20% In The Last YearValuation
Is Highwood Oil undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Highwood Oil is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Highwood Oil 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.
Next Steps
- Take a look at our analysis of HOCL'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.
- 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 Highwood Oil regulatory filings.
- Explore potentially undervalued companies in the Energy industry.
Future Growth
How is Highwood Oil forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
60.9%
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 Highwood Oil 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
- Take a look at our analysis of HOCL’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.
- Highwood Oil competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has Highwood Oil performed over the past 5 years?
-73.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HOCL is currently unprofitable.
Growing Profit Margin: HOCL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HOCL is unprofitable, and losses have increased over the past 5 years at a rate of 73.3% per year.
Accelerating Growth: Unable to compare HOCL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HOCL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-52.6%).
Return on Equity
High ROE: HOCL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is Highwood Oil's financial position?
Financial Position Analysis
Short Term Liabilities: HOCL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: HOCL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: HOCL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: HOCL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: HOCL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HOCL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.8% each year
Next Steps
Dividend
What is Highwood Oil current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HOCL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HOCL'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 HOCL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HOCL'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 HOCL'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?
3.9yrs
Average management tenure
CEO
Greg MacDonald (40 yo)
3.58yrs
Tenure
CA$697,127
Compensation
Mr. Gregory A. MacDonald, also known as Greg, serves as President and Chief Executive Officer at Highwood Oil Company Ltd. since June 15, 2017 and also serves as Director at Highwood Oil Company Ltd. Since...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD552.33K) is above average for companies of similar size in the Canadian market ($USD153.85K).
Compensation vs Earnings: Greg's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.58yrs | CA$697.13k | 5.18% CA$ 1.9m | |
| CFO & Corporate Secretary | 5.58yrs | CA$697.13k | 0.33% CA$ 120.3k | |
| Vice President of Exploration | 3.92yrs | CA$697.13k | 0.32% CA$ 114.9k |
3.9yrs
Average Tenure
Experienced Management: HOCL's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.58yrs | CA$697.13k | 5.18% CA$ 1.9m | |
| Independent Director | 2yrs | CA$57.67k | 0.063% CA$ 22.8k | |
| Independent Director | 2yrs | CA$57.67k | 1% CA$ 365.3k | |
| Independent Chairman of the Board | 2yrs | CA$57.67k | 2.49% CA$ 905.0k |
2.0yrs
Average Tenure
46yo
Average Age
Experienced Board: HOCL's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Highwood Oil Company Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Highwood Oil Company Ltd.
- Ticker: HOCL
- Exchange: TSXV
- Founded: 2012
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$36.384m
- Shares outstanding: 6.01m
- Website: https://www.highwoodoil.com
Number of Employees
Location
- Highwood Oil Company Ltd.
- 222 – 3rd Avenue SW
- Suite 900
- Calgary
- Alberta
- T2P 0B4
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HOCL | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Jan 2019 |
Biography
Highwood Oil Company Ltd. engages in the acquisition, exploration, development, and production of oil and gas reserves in Western Canada. It focuses on developing its own prospects, acquire oil and natural...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 23:58 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.