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Point Loma Resources

TSXV:PLX
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLX
TSXV
CA$15M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Point Loma Resources Ltd. engages in the acquisition, development, and production of petroleum and natural gas reserves in the province of Alberta, Canada. The last earnings update was 25 days ago. More info.


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PLX Share Price and Events
7 Day Returns
10.5%
TSXV:PLX
-3.5%
CA Oil and Gas
-1.7%
CA Market
1 Year Returns
-20.8%
TSXV:PLX
-11.3%
CA Oil and Gas
-2.4%
CA Market
PLX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Point Loma Resources (PLX) 10.5% 5% 23.5% -20.8% - -
CA Oil and Gas -3.5% -7.9% -2.6% -11.3% -11.4% -36.3%
CA Market -1.7% -3.5% -0.2% -2.4% 10.4% 3.7%
1 Year Return vs Industry and Market
  • PLX underperformed the Oil and Gas industry which returned -11.3% over the past year.
  • PLX underperformed the Market in Canada which returned -2.4% over the past year.
Price Volatility
PLX
Industry
5yr Volatility vs Market

PLX Value

 Is Point Loma Resources 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 Point Loma Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Point Loma Resources 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 Point Loma Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.21.
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 Point Loma Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Point Loma Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:PLX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.23
TSXV:PLX Share Price ** TSXV (2019-05-24) in CAD CA$0.21
Canada Oil and Gas Industry PE Ratio Median Figure of 57 Publicly-Listed Oil and Gas Companies 13.87x
Canada Market PE Ratio Median Figure of 544 Publicly-Listed Companies 14.69x

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

** Primary Listing of Point Loma Resources.

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

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

= 0.21 ÷ -0.23

-0.9x

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

  • Point Loma Resources is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Point Loma Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Point Loma Resources's expected growth come at a high price?
Raw Data
TSXV:PLX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.9x
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 0.91x
Canada Market PEG Ratio Median Figure of 250 Publicly-Listed Companies 1.14x

*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 Point Loma Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Point Loma Resources's assets?
Raw Data
TSXV:PLX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$-0.01
TSXV:PLX Share Price * TSXV (2019-05-24) in CAD CA$0.21
Canada Oil and Gas Industry PB Ratio Median Figure of 225 Publicly-Listed Oil and Gas Companies 0.83x
Canada Market PB Ratio Median Figure of 2,405 Publicly-Listed Companies 1.41x
TSXV:PLX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.21 ÷ -0.01

-21.24x

* Primary Listing of Point Loma Resources.

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

  • Point Loma Resources 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 PLX’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 Point Loma Resources'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 Point Loma Resources'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. Point Loma Resources 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.

PLX Future Performance

 How is Point Loma Resources 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 Point Loma Resources 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
7.7%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Point Loma Resources expected to grow at an attractive rate?
  • Unable to compare Point Loma Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Point Loma Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Point Loma Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:PLX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.7%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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:PLX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:PLX Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 4
TSXV:PLX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 6 -3 -14
2018-09-30 6 -2 -7
2018-06-30 5 -4 -8
2018-03-31 5 -5 -8
2017-12-31 5 -3 -8
2017-09-30 4 -2 -6
2017-06-30 4 0 -3
2017-03-31 3 0 -5
2016-12-31 1 -1 -4
2016-09-30 1 -1 -2
2016-06-30 -1 -4
2016-03-31 0 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Point Loma Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Point Loma Resources 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:PLX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Point Loma Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PLX Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31
TSXV:PLX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.23
2018-09-30 -0.12
2018-06-30 -0.17
2018-03-31 -0.19
2017-12-31 -0.20
2017-09-30 -0.17
2017-06-30 -0.11
2017-03-31 -0.27
2016-12-31 -0.27
2016-09-30 -0.09
2016-06-30 -0.20
2016-03-31 -0.39

*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 Point Loma Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of PLX’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. Point Loma Resources'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. Point Loma Resources'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 Point Loma Resources'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.
Point Loma Resources 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.

PLX Past Performance

  How has Point Loma Resources 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 Point Loma Resources'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.
  • Point Loma Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Point Loma Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Point Loma Resources's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Point Loma Resources'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 Point Loma Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PLX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5.57 -13.91 2.96
2018-09-30 5.58 -6.51 3.11
2018-06-30 5.11 -8.23 3.27
2018-03-31 4.81 -8.32 3.29
2017-12-31 4.90 -7.51 3.06
2017-09-30 4.47 -5.67 2.60
2017-06-30 3.80 -3.01 2.29
2017-03-31 2.70 -5.18 1.99
2016-12-31 1.33 -4.43 1.51
2016-09-30 0.53 -2.03 0.91
2016-06-30 -4.25 0.51
2016-03-31 -2.74 0.41
2015-12-31 -2.98 0.64
2014-12-31 -0.77 0.77

*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 Point Loma Resources 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 Point Loma Resources 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 Point Loma Resources 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 Point Loma Resources'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.
Point Loma Resources 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.

PLX Health

 How is Point Loma Resources'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 Point Loma Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Point Loma Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Point Loma Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Point Loma Resources'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.
  • Point Loma Resources 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 Point Loma Resources Company Filings, last reported 4 months ago.

TSXV:PLX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -0.71 2.23 0.73
2018-09-30 8.71 2.16 0.56
2018-06-30 9.46 2.10 0.53
2018-03-31 7.72 2.04 0.34
2017-12-31 8.51 1.98 2.11
2017-09-30 10.26 1.92 3.83
2017-06-30 12.96 1.76 6.06
2017-03-31 8.03 2.39 0.63
2016-12-31 6.39 2.36 0.68
2016-09-30 7.15 2.56 0.10
2016-06-30 7.14 2.56 0.75
2016-03-31 2.92 0.00 0.08
2015-12-31 2.75 0.00 1.02
2014-12-31 4.78 0.00 1.12
  • Point Loma Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Point Loma Resources'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.

  • Point Loma Resources has less than a year of cash runway based on current free cash flow.
  • Point Loma Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 43.8% each year.
X
Financial health checks
We assess Point Loma Resources'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. Point Loma Resources has a total score of 0/6, 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.

PLX Dividends

 What is Point Loma Resources'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 Point Loma Resources dividends.
If you bought CA$2,000 of Point Loma Resources 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 Point Loma Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Point Loma Resources'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:PLX 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 36 Stocks 4.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
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 5.8%

Industry and Market average data is calculated daily.

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

TSXV:PLX Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2019-12-31

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

  • Unable to perform a dividend volatility check as Point Loma Resources has not reported any payouts.
  • Unable to verify if Point Loma Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Point Loma Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Point Loma Resources 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 Point Loma Resources'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 Point Loma Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Point Loma Resources 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.

PLX Management

 What is the CEO of Point Loma Resources'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
Terry Meek
COMPENSATION CA$260,953
TENURE AS CEO 2.9 years
CEO Bio

Mr. Terence Stanley Meek, also known as Terry, P. Eng., has been Chief Executive Officer, President and Executive Director at Point Loma Resources Ltd. since June 28, 2016. Mr. Meek served as Chief Operating Officer of Ember Resources Inc., since July 2005 and its Executive Vice President since September 2008. Mr. Meek co-founded Thunder Energy, Inc., and served as Vice President of Engineering from its inception to November 2005. From July 2014 to June 2016, Mr. Meek was the President and Chief Executive Officer of Point Loma Energy. From 2011 to 2014, Mr. Meek consulted in the role of President and Director to the private companies Woma Energy and Carnaby Energy. He served as President of Ember Resources Inc., from July 2005 to September 2008. He served as Chief Operating Officer of Thunder Energy from July 1996 to July 2005. He served as Chief Operating Officer of Sword Energy Inc., (formerly Thunder Energy Trust) and its Vice President of Engineering until November 2005. Mr. Meek is a professional engineer with 20 years experience in reservoir engineering, evaluations, exploitation, drilling and completions with both public and private oil and gas companies and a consulting engineering firm. Prior to joining Thunder, he served as an Associate Reservoir and Evaluations Engineer with engineering consultants Ashton Jenkins & Associates. Mr. Meek served as a Senior Reservoir Engineer at Encal Energy Ltd., and its predecessor company, Luscar Oil & Gas Ltd., a private oil and gas company from 1990 to 1995. He served as a Director of Ember Resources Inc., from June 2005 to September 2008.

CEO Compensation
  • Terry's compensation has increased whilst company is loss making.
  • Terry's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Point Loma Resources management team in years:

2.4
Average Tenure
  • The tenure for the Point Loma Resources management team is about average.
Management Team

Terry Meek

TITLE
CEO, President & Executive Director
COMPENSATION
CA$261K
TENURE
2.9 yrs

Thomas Love

TITLE
Interim Chief Financial Officer
AGE
66
TENURE
0.7 yrs

Troy Wagner

TITLE
Vice President of Engineering & Operations
AGE
48

Travis Brookson

TITLE
Vice President of Exploration
TENURE
1.9 yrs

Gord Cameron

TITLE
Corporate Secretary
TENURE
2.9 yrs
Board of Directors Tenure

Average tenure of the Point Loma Resources board of directors in years:

2.9
Average Tenure
  • The average tenure for the Point Loma Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Steve Dabner

TITLE
Chairman
COMPENSATION
CA$21K

Terry Meek

TITLE
CEO, President & Executive Director
COMPENSATION
CA$261K
TENURE
2.9 yrs

Doug Dafoe

TITLE
Director
COMPENSATION
CA$18K
AGE
63
TENURE
2.9 yrs

Kevin Baker

TITLE
Director
COMPENSATION
CA$6K
AGE
69
TENURE
2 yrs

Don Brown

TITLE
Director
COMPENSATION
CA$19K
TENURE
4.6 yrs

Jianjun Cui

TITLE
Director
COMPENSATION
CA$6K
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Point Loma Resources insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
26. Feb 19 Buy Bruce Mitchell Individual 26. Feb 19 26. Feb 19 500,000 CA$0.18 CA$90,000
20. Feb 19 Buy Bruce Mitchell Individual 20. Feb 19 20. Feb 19 1,420,000 CA$0.18 CA$255,600
19. Feb 19 Buy Bruce Mitchell Individual 19. Feb 19 19. Feb 19 1,000,000 CA$0.18 CA$179,999
25. Jan 19 Buy Bruce Mitchell Individual 25. Jan 19 25. Jan 19 1,064,000 CA$0.20 CA$212,800
20. Nov 18 Buy Bruce Mitchell Individual 20. Nov 18 20. Nov 18 73,000 CA$0.20 CA$14,600
13. Nov 18 Buy Bruce Mitchell Individual 13. Nov 18 13. Nov 18 27,000 CA$0.20 CA$5,400
02. Nov 18 Buy Troy Wagner Individual 30. Oct 18 30. Oct 18 50,000 CA$0.20 CA$10,000
01. Nov 18 Buy Kevin Angus Individual 25. Oct 18 25. Oct 18 86,200 CA$0.29 CA$24,998
29. Oct 18 Buy Travis Brookson Individual 25. Oct 18 25. Oct 18 49,893 CA$0.29 CA$14,469
29. Oct 18 Buy Kevin Baker Individual 25. Oct 18 25. Oct 18 345,000 CA$0.29 CA$100,050
29. Oct 18 Buy Steve Dabner Individual 25. Oct 18 25. Oct 18 174,800 CA$0.29 CA$50,692
27. Oct 18 Buy Terence Meek Individual 25. Oct 18 25. Oct 18 86,207 CA$0.29 CA$25,000
31. Oct 18 Buy Bruce Mitchell Individual 31. Oct 18 31. Oct 18 100,000 CA$0.21 CA$21,000
26. Oct 18 Buy Bruce Mitchell Individual 25. Oct 18 25. Oct 18 2,000,000 CA$0.29 CA$580,000
26. Oct 18 Buy Gordon Cameron Individual 25. Oct 18 25. Oct 18 86,200 CA$0.29 CA$24,998
26. Oct 18 Buy Bradley Johnston Individual 25. Oct 18 25. Oct 18 52,000 CA$0.29 CA$15,080
X
Management checks
We assess Point Loma Resources'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. Point Loma Resources 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.

PLX News

Simply Wall St News

Are Insiders Buying Point Loma Resources Ltd. (CVE:PLX) Stock?

So we'll take a look at whether insiders have been buying or selling shares in Point Loma Resources Ltd. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Point Loma Resources Insider Transactions Over The Last Year.

Simply Wall St -

Who Owns Point Loma Resources Ltd (CVE:PLX)?

In this article, I'm going to take a look at Point Loma Resources Ltd’s (CVE:PLX) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Therefore, it is beneficial for us to examine PLX's ownership structure in more detail. … View our latest analysis for Point Loma Resources

Simply Wall St -

What does Point Loma Resources Ltd's (CVE:PLX) Balance Sheet Tell Us About Its Future?

Point Loma Resources Ltd (CVE:PLX) is a small-cap stock with a market capitalization of CA$10.65m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the Oil and Gas industry,

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How Financially Strong Is Point Loma Resources Ltd (CVE:PLX)?

With this debt repayment, the current cash and short-term investment levels stands at CA$2.11M , ready to deploy into the business. … TSXV:PLX Historical Debt May 18th 18 Is PLX’s debt level acceptable? … PLX’s level of debt is appropriate relative to its total equity, at 23.26%.

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With A -69.52% Earnings Drop, Did Point Loma Resources Ltd (CVE:PLX) Really Underperform?

See our latest analysis for Point Loma Resources Was PLX's recent earnings decline indicative of a tough track record? … For Point Loma Resources, its most recent earnings (trailing twelve month) is -CA$7.51M, which compared to the previous year's level, has become more negative. … TSXV:PLX Income Statement May 8th 18 We can further evaluate Point Loma Resources's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

Point Loma Resources Ltd (TSXV:PLX) And The Oil & Gas Industry Prospect For 2017

Not surprisingly, this rate is more than double the growth rate of the Canadian stock market as a whole. … TSXV:PLX Past Future Earnings Nov 14th 17 In the past five years, the oil and gas industry growth has been negative 40%, as a result of the oil price collapse. … In the previous year, the industry endured negative growth of -0.30%, underperforming the Canadian market growth of 8.26%.

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PLX Company Info

Description

Point Loma Resources Ltd. engages in the acquisition, development, and production of petroleum and natural gas reserves in the province of Alberta, Canada. The company holds interests in approximately 160,000 net acres and has an inventory of opportunities in the Mannville, Nordegg, Banff, and Duvernay Shale formations in west central Alberta. The company is headquartered in Calgary, Canada.

Details
Name: Point Loma Resources Ltd.
PLX
Exchange: TSXV
Founded:
CA$15,040,074
71,619,404
Website: http://www.pointloma.ca
Address: Point Loma Resources Ltd.
2000, 350 – 7th Avenue SW,
Calgary,
Alberta, T2P 3N9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV PLX Common Shares TSX Venture Exchange CA CAD 29. Jun 2016
OTCPK FMTN.F Common Shares Pink Sheets LLC US USD 29. Jun 2016
DB 2LP Common Shares Deutsche Boerse AG DE EUR 29. Jun 2016
Number of employees
Current staff
Staff numbers
14
Point Loma Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 00:50
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/04/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.