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Horizon Petroleum

TSXV:HPL
Snowflake Description

Worrying balance sheet with weak fundamentals.

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

Horizon Petroleum Ltd. engages in the acquisition, exploration, and development of oil and gas properties internationally. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • Horizon Petroleum has significant price volatility in the past 3 months.
HPL Share Price and Events
7 Day Returns
0%
TSXV:HPL
1.3%
CA Oil and Gas
1.3%
CA Market
1 Year Returns
-16.7%
TSXV:HPL
-13.6%
CA Oil and Gas
-2%
CA Market
HPL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Horizon Petroleum (HPL) 0% -37.5% 11.1% -16.7% -76.2% -95.1%
CA Oil and Gas 1.3% -5% -6.3% -13.6% -13% -38.4%
CA Market 1.3% -0.1% 0.2% -2% 12% 3.1%
1 Year Return vs Industry and Market
  • HPL underperformed the Oil and Gas industry which returned -13.6% over the past year.
  • HPL underperformed the Market in Canada which returned -2% over the past year.
Price Volatility
HPL
Industry
5yr Volatility vs Market

Value

 Is Horizon 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 Horizon Petroleum is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Horizon 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 Horizon Petroleum. This is due to cash flow or dividend data being unavailable. The share price is CA$0.05.
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 Horizon Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Horizon Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:HPL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in CAD CA$-0.05
TSXV:HPL Share Price ** TSXV (2019-06-11) in CAD CA$0.05
Canada Oil and Gas Industry PE Ratio Median Figure of 59 Publicly-Listed Oil and Gas Companies 13.44x
Canada Market PE Ratio Median Figure of 543 Publicly-Listed Companies 15.36x

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

** Primary Listing of Horizon Petroleum.

TSXV:HPL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:HPL Share Price ÷ EPS (both in CAD)

= 0.05 ÷ -0.05

-1.09x

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

  • Horizon Petroleum is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Horizon Petroleum is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Horizon Petroleum's expected growth come at a high price?
Raw Data
TSXV:HPL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 36 Publicly-Listed Oil and Gas Companies 0.82x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.15x

*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 Horizon Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Horizon Petroleum's assets?
Raw Data
TSXV:HPL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in CAD CA$-0.01
TSXV:HPL Share Price * TSXV (2019-06-11) in CAD CA$0.05
Canada Oil and Gas Industry PB Ratio Median Figure of 224 Publicly-Listed Oil and Gas Companies 0.78x
Canada Market PB Ratio Median Figure of 2,417 Publicly-Listed Companies 1.41x
TSXV:HPL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:HPL Share Price ÷ Book Value per Share (both in CAD)

= 0.05 ÷ -0.01

-7.83x

* Primary Listing of Horizon Petroleum.

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

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

Next steps:

  1. Take a look at our analysis of HPL’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 Horizon 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 Horizon 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. Horizon 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 Horizon 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 Horizon 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
7.8%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Horizon Petroleum expected to grow at an attractive rate?
  • Unable to compare Horizon Petroleum's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Horizon Petroleum's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Horizon Petroleum's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:HPL Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*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
TSXV:HPL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:HPL Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-02-28 -1 -2
2018-11-30 -2 -3
2018-08-31 -2 -3
2018-05-31 -2 -2
2018-02-28 -2 -2
2017-11-30 -2 -2
2017-08-31 -1 -1
2017-05-31 -1 -1
2017-02-28 -1 -1
2016-11-30 0 -1
2016-08-31 -1 -1
2016-05-31 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Horizon Petroleum is high growth as no earnings estimate data is available.
  • Unable to determine if Horizon 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
TSXV:HPL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Horizon Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:HPL Past Financials Data
Date (Data in CAD Millions) EPS *
2019-02-28 -0.05
2018-11-30 -0.06
2018-08-31 -0.08
2018-05-31 -0.06
2018-02-28 -0.06
2017-11-30 -0.07
2017-08-31 -0.07
2017-05-31 -0.07
2017-02-28 -0.10
2016-11-30 -0.10
2016-08-31 -0.12
2016-05-31 -0.09

*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 Horizon 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 HPL’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. Horizon 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. Horizon 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 Horizon 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 Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada 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.
Horizon 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 Horizon 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 Horizon 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.
  • Horizon Petroleum does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Horizon Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Horizon Petroleum's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Horizon 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 Horizon Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:HPL Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 -2.16 1.02
2018-11-30 -2.53 1.06
2018-08-31 -2.94 1.13
2018-05-31 -1.99 0.92
2018-02-28 -2.01 0.86
2017-11-30 -1.67 0.76
2017-08-31 -1.17 0.58
2017-05-31 -0.95 0.50
2017-02-28 -0.84 0.49
2016-11-30 -0.79 0.42
2016-08-31 -0.87 0.47
2016-05-31 -0.63 0.36
2016-02-29 -0.67 0.39
2015-11-30 -0.65 0.41
2015-08-31 -0.82 0.59
2015-05-31 -1.09 0.83
2015-02-28 -1.29 0.97
2014-11-30 -1.51 1.16
2014-08-31 -1.47 1.08
2014-05-31 -1.66 1.10
2014-02-28 -1.61 0.90
2013-11-30 -1.36 0.62
2013-08-31 -1.07 0.41
2013-05-31 -0.56 0.15
2013-02-28 -0.27 0.10
2012-11-30 -0.14 0.13
2012-08-31 -0.15 0.14

*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 Horizon 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 Horizon Petroleum has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Horizon 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 Horizon 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.
Horizon 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 Horizon 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 Horizon Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Horizon Petroleum is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Horizon Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Horizon 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.
  • Horizon 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 Horizon Petroleum Company Filings, last reported 3 months ago.

TSXV:HPL Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 -0.38 0.00 0.50
2018-11-30 -0.14 0.00 0.75
2018-08-31 -0.99 0.00 0.17
2018-05-31 0.51 0.00 0.40
2018-02-28 0.73 0.00 0.75
2017-11-30 1.31 0.00 1.39
2017-08-31 1.86 0.00 1.85
2017-05-31 0.89 0.00 1.00
2017-02-28 0.97 0.00 1.07
2016-11-30 -0.52 0.14 0.00
2016-08-31 -0.43 0.14 0.01
2016-05-31 -0.31 0.12 0.00
2016-02-29 -0.31 0.06 0.00
2015-11-30 -0.12 0.00 0.08
2015-08-31 0.06 0.00 0.24
2015-05-31 0.19 0.00 0.40
2015-02-28 0.38 0.00 0.56
2014-11-30 0.58 0.00 0.70
2014-08-31 0.86 0.00 1.01
2014-05-31 1.17 0.00 1.28
2014-02-28 1.53 0.00 1.69
2013-11-30 0.05 0.00 0.16
2013-08-31 0.32 0.00 0.50
2013-05-31 0.44 0.00 0.23
2013-02-28 0.63 0.00 0.37
2012-11-30 0.81 0.00 0.63
2012-08-31 0.83 0.00 0.60
  • Horizon Petroleum has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Horizon 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.

  • Horizon Petroleum has less than a year of cash runway based on current free cash flow.
  • Horizon Petroleum has less than a year of cash runway if free cash flow continues to grow at historical rates of 41% each year.
X
Financial health checks
We assess Horizon 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. Horizon 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 Horizon 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 Horizon Petroleum dividends.
If you bought CA$2,000 of Horizon Petroleum shares you are expected to receive CA$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 Horizon Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Horizon 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
TSXV:HPL 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
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 4.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Horizon Petroleum has not reported any payouts.
  • Unable to verify if Horizon Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Horizon Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Horizon 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 Horizon Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Horizon Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Horizon 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 Horizon 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
David Winter
COMPENSATION CA$120,000
AGE 61
TENURE AS CEO 3.6 years
CEO Bio

Dr. David Anthony Winter, BSc, MSc, PhD, is Co-Founder of Canacol Energy Ltd. Dr. Winter founded Miramar Hydrocarbons Ltd and serves as its Chief Executive Officer and President. Dr. Winter serves as the Chief Executive Officer and President of ENS Energy Ltd. Dr. Winter has been the Chief Executive Officer and President of Horizon Petroleum Ltd. since November 9, 2014. He was the Founder of AOSC (ELE) Corp. (Excelsior Energy Limited) and served as its Chief Executive Officer and President from August 19, 2005 to September 6, 2006. Dr. Winter served as the Chief Executive Officer, President and Director at AOSC (ELE) Corp since September 6,2006. Dr. Winter served as the President and Chief Executive Officer of Bowram Energy Inc. Dr. Winter served as a Senior Vice President of Exploration and Production at Calvalley Petroleum Inc., from August 2004 to August 2005 and was responsible for all its international exploration, development activities and business development. Dr. Winter served as a Business Development Advisor of Horizon Petroleum Ltd. from November 2014 to November 9, 2015. He has over 33 years of international oil and gas industry experience in Southeast Asia, Latin America, the Middle East, North Africa and North America. Dr. Winter is a geologist with over 27 years of international, multi-discipline industry experience with increasingly Senior Management roles in Companies such as BP, Sun Oil, Canadian Occidental (now Nexen), Alberta Energy Company (now EnCana) and Calvalley Petroleum. His offshore and onshore operating skills are complemented by a business and strategy development expertise, playing leadership roles in the entry strategies of AEC into NW Shelf, Australia, the Deepwater Gulf of Mexico and Chad. His experience was gained in a diverse range of oil and gas projects in the Middle East, Latin America and SE Asia including both working and living in a number of industry centers overseas including Yemen, Indonesia, China, Australia and the UK North Sea. At Calvalley Petroleum, he led the appraisal of the Hiswah Oil discovery. Dr. Winter served as a Vice President of Alberta Energy from December 1997 to June 2002 and also served as its Vice President of International Exploration. Dr. Winter serves as Director of Horizon Petroleum Ltd. since November 4, 2014. He has been a Director at Sonoro Energy Ltd since June 01, 2017. He serves as a Director of private Miramar Hydrocarbons Ltd. He serves as a Director of Miramar Hydrocarbons Ltd. Dr. Winter has been an Independent Director of Canacol Energy Ltd since February 6, 2009. He served as an Independent Director of Canacol Energy Ltd since February 6, 2009. He served as a Director of Bowram Energy Inc., since June 12, 2006. He served as a Director of AOSC (ELE) Corp., since September 6, 2006. Dr. Winter is a graduate of London and Edinburgh Universities with a BSC, MSc and PhD in Geology.

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

David Winter

TITLE
President
COMPENSATION
CA$120K
AGE
61
TENURE
3.6 yrs

Matt Janisch

TITLE
Interim CFO & Director
COMPENSATION
CA$83K
TENURE
1.6 yrs

Martin Robert

TITLE
Chief Operating Officer

Nicole Bacsalmasi

TITLE
Company Secretary
Board of Directors Tenure

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

4.6
Average Tenure
63.5
Average Age
  • The tenure for the Horizon Petroleum board of directors is about average.
Board of Directors

Yogeshwar Sharma

TITLE
Non-Executive Chairman
COMPENSATION
CA$36K
AGE
66
TENURE
5.9 yrs

David Winter

TITLE
President
COMPENSATION
CA$120K
AGE
61
TENURE
4.6 yrs

Matt Janisch

TITLE
Interim CFO & Director
COMPENSATION
CA$83K
TENURE
1.6 yrs

Charle Gamba

TITLE
Independent Director
COMPENSATION
CA$24K
AGE
54
TENURE
5.2 yrs

Harry Wilson

TITLE
Director
COMPENSATION
CA$24K
AGE
66
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
01. Jan 19 Buy Yogeshwar Sharma Individual 01. Oct 18 01. Oct 18 800,000 CA$0.05 CA$40,000
05. Nov 18 Buy Matthew Janisch Individual 15. Oct 18 15. Oct 18 1,000,000 CA$0.05 CA$49,999
19. Oct 18 Buy Charle Gamba Individual 15. Oct 18 15. Oct 18 660,000 CA$0.05 CA$33,000
03. Oct 18 Buy David Winter Individual 26. Sep 18 26. Sep 18 1,500,000 CA$0.05 CA$74,999
X
Management checks
We assess Horizon 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. Horizon 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

Who Has Been Buying Horizon Petroleum Ltd. (CVE:HPL) Shares?

See our latest analysis for Horizon Petroleum Horizon Petroleum Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by President David Winter for CA$75k worth of shares, at about CA$0.05 per share. … While Horizon Petroleum insiders bought shares last year, they didn't sell. … TSXV:HPL Recent Insider Trading, June 14th 2019 Horizon Petroleum is not the only stock that insiders are buying.

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Some Horizon Petroleum (CVE:HPL) Shareholders Have Taken A Painful 95% Share Price Drop

With zero revenue generated over twelve months, we don't think that Horizon Petroleum has proved its business plan yet. … So the share price itself impacts the value of the shares (as it determines the cost of capital). … But with the share price diving 45% per year, over 5 years, it's probably fair to say that some shareholders no longer believe the company will succeed.

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What You Must Know About Horizon Petroleum Ltd's (CVE:HPL) Market Risks

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

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Why Horizon Petroleum Ltd's (CVE:HPL) CEO Salary Matters To You

David Winter took the helm as Horizon Petroleum Ltd's (CVE:HPL) CEO and grew market cap to CA$2.08m recently. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … View out our latest analysis for Horizon Petroleum

Simply Wall St -

Company Info

Description

Horizon Petroleum Ltd. engages in the acquisition, exploration, and development of oil and gas properties internationally. The company is headquartered in Calgary, Canada.

Details
Name: Horizon Petroleum Ltd.
HPL
Exchange: TSXV
Founded:
CA$2,992,858
59,857,176
Website: http://www.horizon-petroleum.com
Address: Horizon Petroleum Ltd.
700 4th Avenue SW,
Suite 1500,
Calgary,
Alberta, T2P 3J4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV HPL Class A Common Shares TSX Venture Exchange CA CAD 17. Feb 1989
DB HPM1 Class A Common Shares Deutsche Boerse AG DE EUR 17. Feb 1989
Number of employees
Current staff
Staff numbers
1
Horizon Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 23:40
End of day share price update: 2019/06/11 00:00
Last earnings filing: 2019/04/29
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/08/31


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.