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Renaissance Oil

TSXV:ROE
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ROE
TSXV
CA$41M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Renaissance Oil Corp. engages in the acquisition, exploration, and development of oil and gas properties in Canada and Mexico. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • Renaissance Oil has significant price volatility in the past 3 months.
ROE Share Price and Events
7 Day Returns
-3.4%
TSXV:ROE
-1.2%
CA Oil and Gas
0.1%
CA Market
1 Year Returns
-33.3%
TSXV:ROE
-17%
CA Oil and Gas
-2%
CA Market
ROE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Renaissance Oil (ROE) -3.4% 33.3% 7.7% -33.3% -36.4% -
CA Oil and Gas -1.2% -0.8% -9.9% -17% -13.4% -39.1%
CA Market 0.1% -0.2% -2.3% -2% 8.2% 0%
1 Year Return vs Industry and Market
  • ROE underperformed the Oil and Gas industry which returned -17% over the past year.
  • ROE underperformed the Market in Canada which returned -2% over the past year.
Price Volatility
ROE
Industry
5yr Volatility vs Market

ROE Value

 Is Renaissance Oil 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 Renaissance Oil. This is due to cash flow or dividend data being unavailable. The share price is CA$0.14.
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 Renaissance Oil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Renaissance Oil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:ROE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.00
TSXV:ROE Share Price ** TSXV (2019-07-23) in CAD CA$0.14
Canada Oil and Gas Industry PE Ratio Median Figure of 59 Publicly-Listed Oil and Gas Companies 13.06x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 15.61x

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

** Primary Listing of Renaissance Oil.

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

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

= 0.14 ÷ 0.00

123.02x

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

  • Renaissance Oil is overvalued based on earnings compared to the CA Oil and Gas industry average.
  • Renaissance Oil is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Renaissance Oil's expected growth come at a high price?
Raw Data
TSXV:ROE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 123.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 35 Publicly-Listed Oil and Gas Companies 0.67x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.22x

*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 Renaissance Oil, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Renaissance Oil's assets?
Raw Data
TSXV:ROE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$0.11
TSXV:ROE Share Price * TSXV (2019-07-23) in CAD CA$0.14
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 2,446 Publicly-Listed Companies 1.46x
TSXV:ROE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.14 ÷ 0.11

1.29x

* Primary Listing of Renaissance Oil.

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

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

ROE Future Performance

 How is Renaissance Oil expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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 Renaissance Oil has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by 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
7.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Renaissance Oil expected to grow at an attractive rate?
  • Unable to compare Renaissance Oil's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Renaissance Oil's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Renaissance Oil's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:ROE Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.2%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*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:ROE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:ROE Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 21 2 0 1
TSXV:ROE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 4 -1 0
2018-12-31 5 -3 -1
2018-09-30 5 -2 -7
2018-06-30 5 -3 -7
2018-03-31 5 -3 -7
2017-12-31 5 -1 -5
2017-09-30 4 -1 -2
2017-06-30 4 0 -2
2017-03-31 4 -1 -1
2016-12-31 3 -3 -3
2016-09-30 2 -7 -9
2016-06-30 1 -6 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Renaissance Oil is high growth as no earnings estimate data is available.
  • Unable to determine if Renaissance Oil 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:ROE 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 1 Analyst Estimates (S&P Global) See Below

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

TSXV:ROE Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 0.00 0.00 0.00 1.00
TSXV:ROE Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 -0.03
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 -0.03
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.02
2016-09-30 -0.06
2016-06-30 -0.08

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

Next steps:

  1. Take a look at our analysis of ROE’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. Renaissance Oil'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. Renaissance Oil'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 Renaissance Oil'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.
Renaissance Oil 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.

ROE Past Performance

  How has Renaissance Oil 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 Renaissance Oil'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.
  • Renaissance Oil's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Renaissance Oil has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Renaissance Oil has become profitable in the last year making it difficult to compare the CA Oil and Gas industry average.
Earnings and Revenue History
Renaissance Oil'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 Renaissance Oil Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ROE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4.45 0.32 3.39
2018-12-31 4.58 -0.90 5.07
2018-09-30 5.27 -7.04 7.37
2018-06-30 5.00 -7.40 7.15
2018-03-31 4.73 -7.10 8.15
2017-12-31 4.74 -5.17 6.24
2017-09-30 4.30 -1.76 3.69
2017-06-30 4.27 -1.59 3.29
2017-03-31 3.97 -1.47 1.67
2016-12-31 2.81 -3.40 1.70
2016-09-30 1.85 -8.94 4.14
2016-06-30 0.79 -9.47 4.17
2016-03-31 -9.14 4.13
2015-12-31 -8.24 3.91
2015-09-30 -3.69 1.26
2015-06-30 -3.74 1.81
2015-03-31 -2.81 1.72
2014-12-31 -1.98 1.50
2014-09-30 -1.31 1.48
2014-06-30 -0.65 0.93
2014-03-31 -0.99 1.12
2013-12-31 -1.29 1.39
2012-12-31 -1.92 1.66

*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.
  • Renaissance Oil has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Renaissance Oil 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 Renaissance Oil 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 Renaissance Oil'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.
Renaissance Oil 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.

ROE Health

 How is Renaissance Oil'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 Renaissance Oil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Renaissance Oil is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Renaissance Oil's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Renaissance Oil'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 covered by short term assets, assets are 1.6x 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 Renaissance Oil Company Filings, last reported 3 months ago.

TSXV:ROE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 30.39 5.17 4.76
2018-12-31 30.31 1.00 1.25
2018-09-30 27.09 0.00 3.20
2018-06-30 27.36 0.00 8.80
2018-03-31 28.99 0.00 14.80
2017-12-31 18.58 0.00 8.15
2017-09-30 17.62 0.00 5.25
2017-06-30 18.38 0.00 9.50
2017-03-31 17.44 0.00 10.19
2016-12-31 6.73 0.00 3.53
2016-09-30 6.78 0.00 2.89
2016-06-30 7.08 0.00 5.54
2016-03-31 8.39 25.97 7.05
2015-12-31 10.18 27.61 9.33
2015-09-30 2.41 0.00 1.21
2015-06-30 3.27 0.00 2.37
2015-03-31 4.19 0.00 3.31
2014-12-31 5.09 0.00 4.17
2014-09-30 6.02 0.00 5.07
2014-06-30 0.39 0.00 0.02
2014-03-31 0.41 0.00 0.13
2013-12-31 0.53 0.00 0.19
2012-12-31 1.71 0.00 0.82
  • Renaissance Oil's level of debt (17%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 17% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Renaissance Oil's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Renaissance Oil'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. Renaissance Oil has a total score of 3/6, 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.

ROE Dividends

 What is Renaissance Oil'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 Renaissance Oil dividends.
If you bought CA$2,000 of Renaissance Oil 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 Renaissance Oil's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Renaissance Oil'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:ROE 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 1 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 4.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 337 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.

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

ROE Management

 What is the CEO of Renaissance Oil'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
Craig Arthur Steinke
COMPENSATION CA$921,120
AGE 62
TENURE AS CEO 4.8 years
CEO Bio

Mr. Craig Arthur Allan Steinke, CPA, has been the Chief Executive Officer of San Leon Canada Limited since November 8, 2010. Mr. Steinke serves as Chief Executive Officer and Director of Service Logic. Mr. Steinke is the Founder of Reconnaissance Energy Corporation and serves as its President. He has been an Operating Partner at Sterling Investment Partners since 2010. Mr. Steinke assists in first-round diligence on numerous potential Sterling acquisitions. He also works with the management teams of select Sterling portfolio companies on an as needed basis to provide resources and guidance on specific projects. He co-founded Renaissance Oil Corp. in 2011 and has been its Chief Executive Officer since September 03, 2014. He is a Director and Operating Advisor at Lazer Spot Inc. and is helping to establish infrastructure to support the company’s rapid growth. He has been affiliated with Sterling since 2008 when he served as the Chief Executive Officer of GPX International Tire from 2007 to 2010. He served as the Chief Operating Officer and President of GPX International Tire Corp. since June 11, 2007. He served as the President and Chief Executive Officer of GPX International Corporation. He served as the President of Realm Energy International Corporation since December 2005. Prior to GPX International, he served as the Chief Executive Officer and President of Eagle Family Foods Holdings Inc. since July 2001 and its Chief Financial Officer and Treasurer since January 1998 and also served its Principal Accounting Officer. He served as Chief Financial Officer of Eagle Family Foods Inc. from January 1998 to 2007, Chief Executive Officer and President since July 2001. He also served as the Chief Executive Officer and President of Milnot Company since December 2004. From March 1999 to July 2001, he also served as a Senior Vice President, Operations of Holdings and Eagle. Prior to Eagle, Mr. Steinke served as the President of Magma Metals. He was responsible for operations, marketing and sales. He served as a Senior Vice President and Group General Manager at BHP Copper. At Magma Copper and BHP, he worked on a number of key strategic acquisitions. He has 10 years of public accounting experience with Arthur Andersen & Company. He served as an Executive Chairman at San Leon Canada Limited. Mr. Steinke has been Independent Director at Builders FirstSource, Inc. since June 21, 2006. He serves as Director at Service Logic, LLC, Power Stop, LLC and Alliance Tire Group. Mr. Steinke serves as a Director of Alliance International. He is Member of the Board of Directors of Service Logic and Power Stop. He has been a Director of Renaissance Oil Corp. since September 03, 2014. He served as the Chairman of Unbridled Energy Corporation (BC) from October 17, 2006 to February 2010. He served as the Chairman of Storm Cat Energy Corporation from April 18, 2005 to April 3, 2006. He served as a Director of Eagle Family Foods Holdings Inc. and Eagle Family Foods Inc. since July 2001. He was a Director of GSE Environmental, LLC since June 2012; San Leon Canada Limited since December 2005; and of GSE Holdings Inc. since June 2012. He served as a Director of Storm Cat Energy Corporation from April 18, 2005 to April 3, 2006; Unbridled Energy Corporation (BC) from October 17, 2006 to February 2010 and Milnot Company since December 2004. He has over 20 years of extensive experience in the global oil and gas industry, specializing in acquisitions, property development and corporate finance. He is certified with the CWC School of Energy (London, England) in World Fiscal Systems for Oil and Gas. He is a CPA. He received a B.A. in Finance and Accounting from California State University, Long Beach.

CEO Compensation
  • Craig Arthur's compensation has increased in line with Renaissance Oil recently becoming profitable.
  • Craig Arthur's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Renaissance Oil management team in years:

3.8
Average Tenure
49.5
Average Age
  • The tenure for the Renaissance Oil management team is about average.
Management Team

Craig Arthur Steinke

TITLE
Co-Founder
COMPENSATION
CA$921K
AGE
62
TENURE
4.8 yrs

Carlos Escribano

TITLE
Chief Financial Officer
COMPENSATION
CA$184K
AGE
41
TENURE
2.6 yrs

Carol Law

TITLE
Chief Operating Officer
COMPENSATION
CA$609K
TENURE
2.8 yrs

Kevin Smith

TITLE
Vice President of Business Development
COMPENSATION
CA$395K
AGE
47

Carmen Etchart

TITLE
Corporate Secretary
COMPENSATION
CA$98K
AGE
52
TENURE
4.8 yrs

Dan Jarvie

TITLE
Geochemist & Member of Advisory Board

Jay Park

TITLE
International Petroleum Legal Advisor and Member of Advisory Board
TENURE
3.8 yrs

Randall Miller

TITLE
Geology & Completions Advisor and Member of Advisory Board
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Renaissance Oil board of directors in years:

4.3
Average Tenure
68
Average Age
  • The tenure for the Renaissance Oil board of directors is about average.
Board of Directors

Craig Arthur Steinke

TITLE
Co-Founder
COMPENSATION
CA$921K
AGE
62
TENURE
4.8 yrs

Ian Telfer

TITLE
Director
AGE
73
TENURE
4.8 yrs

Dan Jarvie

TITLE
Geochemist & Member of Advisory Board

Jay Park

TITLE
International Petroleum Legal Advisor and Member of Advisory Board

Pedro Meurs

TITLE
Member of Advisory Board

Garry Keep

TITLE
Independent Director
AGE
62
TENURE
4.8 yrs

Randall Miller

TITLE
Geology & Completions Advisor and Member of Advisory Board
TENURE
3.8 yrs

Eskandar Maleki

TITLE
Director
AGE
69
TENURE
1.3 yrs

Allan Folk

TITLE
Director
AGE
68
TENURE
0.7 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 Renaissance Oil'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. Renaissance Oil 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.

ROE News

Simply Wall St News

Can You Imagine How Renaissance Oil's (CVE:ROE) Shareholders Feel About The 43% Share Price Increase?

See our latest analysis for Renaissance Oil Renaissance Oil isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … But note: Renaissance Oil may not be the best stock to buy. … Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

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How Much Of Renaissance Oil Corp. (CVE:ROE) Do Insiders Own?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Taking a look at the our data on the ownership groups (below), it's seems that.

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Did Renaissance Oil Corp. (CVE:ROE) Insiders Buy Up More Shares?

It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. … We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. … In the last twelve months there was more buying than selling by Renaissance Oil insiders

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Is Renaissance Oil Corp's (CVE:ROE) Balance Sheet Strong Enough To Weather A Storm?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is ROE right in choosing financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

Simply Wall St -

Could Renaissance Oil Corp's (CVE:ROE) Investor Composition Influence The Stock Price?

Every investor in Renaissance Oil Corp (CVE:ROE) should be aware of the most powerful shareholder groups. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of CA$60m, Renaissance Oil is a small cap stock, so it might not be well known by many institutional investors.

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What Did Renaissance Oil Corp's (CVE:ROE) CEO Take Home Last Year?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Craig Arthur Steinke's Compensation Compare With Similar Sized Companies. … As you can see, Craig Arthur Steinke is paid more than the median CEO pay at companies of a similar size, in the same market

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When Will Renaissance Oil Corp (CVE:ROE) Become Profitable?

The company’s loss has recently broadened since it announced a -CA$5.17m loss in the full financial year, compared to the latest trailing-twelve-month loss of -CA$7.10m, moving it further away from breakeven. … As path to profitability is the topic on ROE’s investors mind, I’ve decided to gauge market sentiment … I’ve put together a brief outline of industry analyst expectations for ROE, its year of breakeven and its implied growth rate.

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Why Renaissance Oil Corp's (TSXV:ROE) CEO Salary Matters To You

This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … Given earnings are moving the right way, CEO pay should be reflective of Steinke's value creation for shareholders. … Typically I would look at market cap and earnings as a proxy for performance, however, ROE's negative earnings lower the usefulness of my formula.

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ROE Company Info

Description

Renaissance Oil Corp. engages in the acquisition, exploration, and development of oil and gas properties in Canada and Mexico. It holds interests in the Mundo Nuevo block covering an area of 27.7 square kilometers; Topén block 0covering an area of 25.3 square kilometers; and Malva block covering an area of 21.2 square kilometers located in Chiapas, Mexico, as well as Pontón block covering an area of 12 square kilometers located in the state of Veracruz, Mexico. The company is headquartered in Vancouver, Canada.

Details
Name: Renaissance Oil Corp.
ROE
Exchange: TSXV
Founded:
CA$40,988,991
292,778,511
Website: http://www.renaissanceoil.com
Address: Renaissance Oil Corp.
Three Bentall Centre,
Suite 3123,
Vancouver,
British Columbia, V7X 1J1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV ROE Common Shares TSX Venture Exchange CA CAD 05. Sep 2014
OTCPK RNSF.F Common Shares Pink Sheets LLC US USD 05. Sep 2014
DB 2R7 Common Shares Deutsche Boerse AG DE EUR 05. Sep 2014
Number of employees
Current staff
Staff numbers
0
Renaissance Oil employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 02:26
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/05/31
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.