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Paleo Resources

TSXV:PRE
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRE
TSXV
CA$7M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Paleo Resources, Inc., an oil and gas, and mineral exploration company, engages in the acquisition, exploration, and development of the precious and base metal properties, and oil and gas hydrocarbons in Canada and the United States. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Paleo Resources has significant price volatility in the past 3 months.
PRE Share Price and Events
7 Day Returns
-14.3%
TSXV:PRE
1.9%
CA Oil and Gas
-0.4%
CA Market
1 Year Returns
-40%
TSXV:PRE
-16.8%
CA Oil and Gas
-3.1%
CA Market
PRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Paleo Resources (PRE) -14.3% -45.5% -53.8% -40% -62.5% -57.1%
CA Oil and Gas 1.9% 2.8% -5.8% -16.8% -13.9% -37.5%
CA Market -0.4% 0.8% -1.7% -3.1% 8.2% 0.9%
1 Year Return vs Industry and Market
  • PRE underperformed the Oil and Gas industry which returned -16.8% over the past year.
  • PRE underperformed the Market in Canada which returned -3.1% over the past year.
Price Volatility
PRE
Industry
5yr Volatility vs Market

PRE Value

 Is Paleo 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Paleo Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.03.
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 Paleo Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Paleo Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:PRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.01
TSXV:PRE Share Price ** TSXV (2019-07-15) in CAD CA$0.03
TSXV:PRE Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.767 $0.02
Canada Oil and Gas Industry PE Ratio Median Figure of 59 Publicly-Listed Oil and Gas Companies 12.79x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 15x

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

** Primary Listing of Paleo Resources.

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

= TSXV:PRE Share Price ÷ EPS (both in USD)

= 0.02 ÷ -0.01

-2.16x

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

  • Paleo Resources is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Paleo Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Paleo Resources's expected growth come at a high price?
Raw Data
TSXV:PRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.16x
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 35 Publicly-Listed Oil and Gas Companies 0.83x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.16x

*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 Paleo Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Paleo Resources's assets?
Raw Data
TSXV:PRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.00
TSXV:PRE Share Price * TSXV (2019-07-15) in CAD CA$0.03
TSXV:PRE Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.767 $0.02
Canada Oil and Gas Industry PB Ratio Median Figure of 223 Publicly-Listed Oil and Gas Companies 0.78x
Canada Market PB Ratio Median Figure of 2,436 Publicly-Listed Companies 1.42x
TSXV:PRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:PRE Share Price ÷ Book Value per Share (both in USD)

= 0.02 ÷ 0.00

4.75x

* Primary Listing of Paleo Resources.

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

  • Paleo Resources is overvalued based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Paleo 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. Paleo 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.

PRE Future Performance

 How is Paleo 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 Paleo 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
6.7%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Paleo Resources expected to grow at an attractive rate?
  • Unable to compare Paleo Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Paleo Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Paleo Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:PRE Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 6.7%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*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:PRE 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:PRE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 0 -1 -3
2018-12-31 1 -1 -2
2018-09-30 1 -1 -7
2018-06-30 1 -1 -7
2018-03-31 0 -1 -8
2017-12-31 0 -2 -8
2017-09-30 0 -2 -2
2017-06-30 0 -1 -2
2017-03-31 0 -1 -2
2016-12-31 0 -1 -1
2016-09-30 0 0 0
2016-06-30 0 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Paleo Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Paleo 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:PRE 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 Paleo Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PRE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.01
2018-12-31 -0.01
2018-09-30 -0.04
2018-06-30 -0.05
2018-03-31 -0.06
2017-12-31 -0.07
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.02
2016-12-31 -0.02
2016-09-30 0.00
2016-06-30 0.00

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

Next steps:

  1. Paleo 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
  2. Paleo Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Paleo 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.
Paleo 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.

PRE Past Performance

  How has Paleo 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 Paleo 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.
  • Paleo Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Paleo Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Paleo Resources's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Paleo 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 Paleo Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PRE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 0.44 -2.51 1.31
2018-12-31 0.51 -2.32 1.35
2018-09-30 0.60 -7.40 1.33
2018-06-30 0.51 -7.08 1.23
2018-03-31 0.43 -7.56 1.35
2017-12-31 0.29 -7.75 1.35
2017-09-30 0.16 -1.69 0.93
2017-06-30 0.17 -1.84 0.92
2017-03-31 0.14 -1.61 0.61
2016-12-31 0.14 -1.22 0.43
2016-09-30 0.12 -0.29 -0.07
2016-06-30 0.08 0.03 -0.18
2016-03-31 0.10 0.14 -0.17
2015-12-31 0.08 -0.25 0.22
2015-09-30 0.06 -0.62 0.67
2015-06-30 0.03 -0.77 0.80
2015-03-31 0.01 -0.85 0.85
2014-12-31 -0.72 0.71
2014-09-30 -0.97 0.96
2014-06-30 -0.74 0.73
2014-03-31 -0.61 0.60
2013-12-31 -0.41 0.41
2013-09-30 -0.24 0.24
2013-06-30 -0.23 0.22
2013-03-31 -0.44 0.43
2012-12-31 -0.85 0.84
2012-09-30 -1.58 1.57

*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 Paleo Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Paleo 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 Paleo 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 Paleo 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.
Paleo 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.

PRE Health

 How is Paleo 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 Paleo Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Paleo Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Paleo Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Paleo 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.
  • Debt is not covered by short term assets, assets are 0x debt.
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 Paleo Resources Company Filings, last reported 3 months ago.

TSXV:PRE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1.14 7.15 0.15
2018-12-31 3.10 6.79 0.04
2018-09-30 4.39 6.40 0.03
2018-06-30 4.86 4.52 0.08
2018-03-31 5.24 4.52 0.31
2017-12-31 -4.57 8.87 0.14
2017-09-30 0.97 9.44 0.18
2017-06-30 1.52 8.23 0.27
2017-03-31 1.99 6.89 0.33
2016-12-31 2.45 5.08 0.52
2016-09-30 1.27 5.26 0.11
2016-06-30 1.72 5.16 0.39
2016-03-31 -0.43 0.49 0.00
2015-12-31 -0.35 0.46 0.00
2015-09-30 -0.75 0.52 0.00
2015-06-30 -0.62 0.54 0.11
2015-03-31 -0.61 0.15 0.02
2014-12-31 -0.19 0.12 0.13
2014-09-30 -0.41 0.20 0.01
2014-06-30 -0.36 0.21 0.00
2014-03-31 -0.21 0.07 0.01
2013-12-31 -0.17 0.15 0.00
2013-09-30 -0.02 0.14 0.00
2013-06-30 0.05 0.12 0.03
2013-03-31 0.13 0.00 0.17
2012-12-31 0.14 0.00 0.14
2012-09-30 -0.09 0.00 0.00
  • Paleo Resources's level of debt (628.1%) compared to net worth is high (greater than 40%).
  • Paleo Resources had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
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.

  • Paleo Resources has less than a year of cash runway based on current free cash flow.
  • Paleo Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -2.3% each year.
X
Financial health checks
We assess Paleo 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. Paleo Resources 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.

PRE Dividends

 What is Paleo 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 Paleo Resources dividends.
If you bought CA$2,000 of Paleo 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 Paleo Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Paleo 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:PRE 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 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
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 Paleo Resources has not reported any payouts.
  • Unable to verify if Paleo Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Paleo Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Paleo 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 Paleo Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Paleo Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Paleo 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.

PRE Management

 What is the CEO of Paleo 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
Marc Rhoades
TENURE AS CEO 0.3 years
CEO Bio

Mr. Marc W. Rhoades has been Chief Executive Officer of Tanager Energy Inc. sine March 2019. Mr. Rhoades Co-founded Camden Resources, Inc. in February 2000 and also served as it's President and acted as its CEO from 2000 to 2007. Mr. Rhoades served as CEO and President of Greenbrier Operating Co. Mr. Rhoades was over 20 years with Greenbrier Operating Co. Mr. Rhoades took Greenbrier from $40 Million in assets to over $200 million in cash distributions. In 2008, Mr. Rhoades founded and served as CEO of Camden Advisors, which is a consulting advisory firm in the upstream oil and gas industry. He received his Bachelor of Science degree in Mechanical Engineering in 1987 from the University of Texas. Mr. Rhoades is a Registered Professional Engineer in the State of Texas.

CEO Compensation
  • Insufficient data for Marc to compare compensation growth.
  • Insufficient data for Marc to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure of the Paleo Resources management team in years:

0.3
Average Tenure
  • The average tenure for the Paleo Resources management team is less than 2 years, this suggests a new team.
Management Team

Roger Braugh

TITLE
Executive Chairman
TENURE
0.3 yrs

Tom Crain

TITLE
President & Director
COMPENSATION
$413K

Steven Vucurevich

TITLE
Chief Financial Officer
COMPENSATION
$154K
TENURE
2 yrs

Marc Rhoades

TITLE
Chief Executive Officer
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the Paleo Resources board of directors in years:

2.3
Average Tenure
  • The average tenure for the Paleo Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Roger Braugh

TITLE
Executive Chairman
TENURE
0.3 yrs

Tom Crain

TITLE
President & Director
COMPENSATION
$413K
TENURE
3 yrs

Roy Hudson

TITLE
Director
COMPENSATION
$126K
AGE
62
TENURE
2.3 yrs

Chris Pettit

TITLE
Director
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Paleo 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. Paleo 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.

PRE News

Simply Wall St News

PRE Company Info

Description

Paleo Resources, Inc., an oil and gas, and mineral exploration company, engages in the acquisition, exploration, and development of the precious and base metal properties, and oil and gas hydrocarbons in Canada and the United States. It holds a 50% interest in the Joffre D-3 B Oil Pool located in Alberta; and a 100% interest in the Burchell Lake property covering an area of 5,900 hectares located in the Shebandowan gold camp in Ontario. The company’s Burchell Lake Property is prospective for gold, copper, and molybdenum minerals. It also develops and produces oil and gas assets in Polk and Tyler counties, Texas. The company was formerly known as Tanager Energy Inc. and changed its name to Paleo Resources, Inc. in April 2019. Paleo Resources, Inc. was incorporated in 1946 and is headquartered in Calgary, Canada.

Details
Name: Paleo Resources, Inc.
PRE
Exchange: TSXV
Founded: 1946
CA$7,058,604
235,286,816
Website: http://www.paleoresources.com
Address: Paleo Resources, Inc.
144 4th Avenue SW,
Suite 1600,
Calgary,
Alberta, T2P 3N4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV PRE Common Shares TSX Venture Exchange CA CAD 31. Jan 1975
OTCPK PRIE.F Common Shares Pink Sheets LLC US USD 31. Jan 1975
Number of employees
Current staff
Staff numbers
0
Paleo Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 00:04
End of day share price update: 2019/07/15 00:00
Last earnings filing: 2019/05/30
Last earnings reported: 2019/03/31
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.