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Sunset Pacific Petroleum

TSXV:SPK
Snowflake Description

Worrying balance sheet with weak fundamentals.

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

Sunset Pacific Petroleum Ltd., a junior resource exploration company, acquires, explores for, and develops natural resource properties primarily in North Africa and the Middle East. The last earnings update was 179 days ago. More info.


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  • Sunset Pacific Petroleum has significant price volatility in the past 3 months.
SPK Share Price and Events
7 Day Returns
0%
TSXV:SPK
-2.8%
CA Oil and Gas
-1.2%
CA Market
1 Year Returns
0%
TSXV:SPK
-9.9%
CA Oil and Gas
-1.9%
CA Market
SPK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sunset Pacific Petroleum (SPK) 0% -14.3% -14.3% 0% -45.5% -79.3%
CA Oil and Gas -2.8% -6.3% -2% -9.9% -11% -35.9%
CA Market -1.2% -2.8% 0.1% -1.9% 10.6% 4.2%
1 Year Return vs Industry and Market
  • SPK outperformed the Oil and Gas industry which returned -9.9% over the past year.
  • SPK outperformed the Market in Canada which returned -1.9% over the past year.
Price Volatility
SPK
Industry
5yr Volatility vs Market

Value

 Is Sunset Pacific Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Sunset Pacific Petroleum is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Sunset Pacific Petroleum has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Sunset Pacific Petroleum. 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 Sunset Pacific Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sunset Pacific Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:SPK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.01
TSXV:SPK Share Price ** TSXV (2019-05-24) in CAD CA$0.03
Canada Oil and Gas Industry PE Ratio Median Figure of 57 Publicly-Listed Oil and Gas Companies 13.97x
Canada Market PE Ratio Median Figure of 544 Publicly-Listed Companies 14.81x

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

** Primary Listing of Sunset Pacific Petroleum.

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

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

= 0.03 ÷ -0.01

-5.61x

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

  • Sunset Pacific Petroleum is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Sunset Pacific Petroleum is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Sunset Pacific Petroleum's expected growth come at a high price?
Raw Data
TSXV:SPK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.61x
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 0.93x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Sunset Pacific Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sunset Pacific Petroleum's assets?
Raw Data
TSXV:SPK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$-0.02
TSXV:SPK Share Price * TSXV (2019-05-24) in CAD CA$0.03
Canada Oil and Gas Industry PB Ratio Median Figure of 224 Publicly-Listed Oil and Gas Companies 0.83x
Canada Market PB Ratio Median Figure of 2,402 Publicly-Listed Companies 1.41x
TSXV:SPK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.03 ÷ -0.02

-1.6x

* Primary Listing of Sunset Pacific Petroleum.

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

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

Next steps:

  1. 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 Sunset Pacific Petroleum's regulatory filings and announcements.
  2. Show me more potentially undervalued companies in the Oil and Gas industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Sunset Pacific Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Sunset Pacific Petroleum has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Sunset Pacific Petroleum expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sunset Pacific Petroleum has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.7%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sunset Pacific Petroleum expected to grow at an attractive rate?
  • Unable to compare Sunset Pacific Petroleum's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sunset Pacific Petroleum's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Sunset Pacific Petroleum's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:SPK 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 4.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.1%

*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:SPK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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:SPK Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 -1 -1
2017-06-30 -1 -1
2017-03-31 -1 -1
2016-12-31 -1 -2
2016-09-30 -1 -1
2016-06-30 -1 -1
2016-03-31 -1 -1
2015-12-31 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sunset Pacific Petroleum is high growth as no earnings estimate data is available.
  • Unable to determine if Sunset Pacific Petroleum is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:SPK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Sunset Pacific Petroleum Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:SPK Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.02
2017-03-31 -0.02
2016-12-31 -0.03
2016-09-30 -0.03
2016-06-30 -0.03
2016-03-31 -0.03
2015-12-31 -0.02

*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 Sunset Pacific Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Sunset Pacific Petroleum's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  2. Sunset Pacific Petroleum'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 Sunset Pacific Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sunset Pacific Petroleum has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Sunset Pacific Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sunset Pacific Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sunset Pacific Petroleum does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Sunset Pacific Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sunset Pacific Petroleum's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Sunset Pacific Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sunset Pacific Petroleum Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:SPK Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -0.42 0.41
2018-06-30 -0.37 0.36
2018-03-31 -0.34 0.34
2017-12-31 -0.36 0.37
2017-09-30 -0.78 0.71
2017-06-30 -1.00 0.93
2017-03-31 -1.25 1.17
2016-12-31 -1.55 1.47
2016-09-30 -1.21 1.14
2016-06-30 -1.12 1.05
2016-03-31 -1.13 1.05
2015-12-31 -0.91 0.84
2015-09-30 0.01 -0.96 0.93
2015-06-30 0.01 -1.13 1.10
2015-03-31 0.01 -1.17 1.14
2014-12-31 0.01 -1.13 1.11
2014-09-30 0.00 -0.96 0.95
2014-06-30 0.00 -0.62 0.62
2014-03-31 0.00 -0.32 0.31
2013-12-31 0.00 -0.19 0.19
2013-09-30 0.00 -0.26 0.20
2013-06-30 0.00 -0.31 0.25
2013-03-31 0.00 -0.39 0.33
2012-12-31 0.00 -0.50 0.38
2012-09-30 0.01 -1.24 0.40
2012-06-30 0.01 -1.37 0.54

*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 Sunset Pacific Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Sunset Pacific Petroleum has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Sunset Pacific Petroleum improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Sunset Pacific Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sunset Pacific Petroleum has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Sunset Pacific Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sunset Pacific Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sunset Pacific Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sunset Pacific Petroleum has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sunset Pacific Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Sunset Pacific Petroleum has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sunset Pacific Petroleum Company Filings, last reported 7 months ago.

TSXV:SPK Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -1.38 0.60 0.02
2018-06-30 -1.28 0.50
2018-03-31 -1.22 0.47
2017-12-31 -1.11 0.41 0.05
2017-09-30 -1.05 0.25 0.00
2017-06-30 -1.14 0.33 0.00
2017-03-31 -1.10 0.28 0.00
2016-12-31 -1.02 0.20 0.00
2016-09-30 -1.62 0.83 0.00
2016-06-30 -1.41 0.59 0.00
2016-03-31 -1.37 0.57 0.31
2015-12-31 -1.01 0.50 0.25
2015-09-30 -0.96 0.26 0.00
2015-06-30 -0.77 0.14 0.03
2015-03-31 -0.85 0.15 0.00
2014-12-31 -1.01 0.30 0.00
2014-09-30 -0.86 0.14 0.00
2014-06-30 -1.15 0.41 0.00
2014-03-31 -1.24 0.45 0.00
2013-12-31 -1.52 0.75 0.00
2013-09-30 -1.44 0.75 0.00
2013-06-30 -1.42 0.70 0.00
2013-03-31 -1.39 0.69 0.00
2012-12-31 -1.33 0.61 0.00
2012-09-30 -1.09 0.55 0.00
2012-06-30 -1.10 0.48 0.00
  • Sunset Pacific Petroleum has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Sunset Pacific Petroleum's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Sunset Pacific Petroleum has less than a year of cash runway based on current free cash flow.
  • Sunset Pacific Petroleum has less than a year of cash runway if free cash flow continues to reduce at historical rates of -30.8% each year.
X
Financial health checks
We assess Sunset Pacific Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sunset Pacific Petroleum has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Sunset Pacific Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sunset Pacific Petroleum dividends.
If you bought CA$2,000 of Sunset Pacific Petroleum shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sunset Pacific Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sunset Pacific Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:SPK 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 4.5%
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 5.7%

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 Sunset Pacific Petroleum has not reported any payouts.
  • Unable to verify if Sunset Pacific Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sunset Pacific Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sunset Pacific Petroleum has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sunset Pacific Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sunset Pacific Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sunset Pacific Petroleum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Sunset Pacific Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Belkacem Aissaoui
TENURE AS CEO 0.1 years
CEO Bio

Mr. Belkacem Aissaoui has been Interim Chief Executive Officer and Director of Sunset Pacific Petroleum Ltd since April 2019. He was the Technical Adviser of Sunset Pacific Petroleum Ltd until April 2019. Mr. Aissaoui has many years of technical and management experience in onshore/offshore drilling operations. He recently completed a senior leadership role with Saudi Aramco DSV where he designed and executed several workover and regular offshore/onshore drilling programs. He has extensive onshore/offshore drilling experience including as a drilling supervisor in charge of an ONGC (Oil National Gas Company, India) offshore workover campaign. He has worked as a senior drilling manager for such companies as Schlumberger in Libya and Algeria, Halliburton in Algeria and Iraq, and Nabors Drilling in Algeria, Tunisia and Libya.

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

Dennis Luk

TITLE
CFO, Secretary & Director

Belkacem Aissaoui

TITLE
Interim CEO & Director
TENURE
0.1 yrs

Mongi Gharbi

TITLE
Chief Representative for Tunisia
TENURE
2.9 yrs
Board of Directors Tenure

Average tenure of the Sunset Pacific Petroleum board of directors in years:

4.2
Average Tenure
  • The tenure for the Sunset Pacific Petroleum board of directors is about average.
Board of Directors

Dennis Luk

TITLE
CFO, Secretary & Director
TENURE
13.9 yrs

Belkacem Aissaoui

TITLE
Interim CEO & Director
TENURE
0.1 yrs

Marilyn Woodruff

TITLE
Independent Director
AGE
51
TENURE
13.8 yrs

Ibrahim Al-Jallal

TITLE
Member of Advisory Board
TENURE
4.2 yrs

Rafiq Chinoy

TITLE
Independent Director
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Sunset Pacific Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sunset Pacific Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Did Sunset Pacific Petroleum Ltd's (CVE:SPK) Earnings Growth Stack Up Against The Industry?

See our latest analysis for Sunset Pacific Petroleum How SPK fared against its long-term earnings performance and its industry I prefer to use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For Sunset Pacific Petroleum, its latest trailing-twelve-month earnings is -CA$780.86K, which, relative to last year’s level, has become less negative. … TSXV:SPK Income Statement Jun 3rd 18 We can further analyze Sunset Pacific Petroleum's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

Sunset Pacific Petroleum Ltd (CVE:SPK): What Does It Mean For Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … SPK, with its market capitalisation of CA$2.22M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Why Sunset Pacific Petroleum Ltd's (CVE:SPK) Ownership Structure Is Important

In this analysis, my focus will be on developing a perspective on Sunset Pacific Petroleum Ltd’s (TSXV:SPK) latest ownership structure, a less discussed, but important factor. … Check out our latest analysis for Sunset Pacific Petroleum TSXV:SPK Ownership_summary Mar 12th 18 Insider Ownership Another important group of shareholders are company insiders. … However, a higher level of insider ownership has been linked to management executing on high-returning projects instead of expansion projects for the sake of apparent growth.

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Was Sunset Pacific Petroleum Ltd's (CVE:SPK) Earnings Growth Better Than The Industry's?

After looking at Sunset Pacific Petroleum Ltd's (TSXV:SPK) latest earnings announcement (30 September 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … See our latest analysis for Sunset Pacific Petroleum How SPK fared against its long-term earnings performance and its industry For the most up-to-date info, I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … TSXV:SPK Income Statement Mar 5th 18 We can further assess Sunset Pacific Petroleum's loss by looking at what the industry has been experiencing over the past few years.

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How Should You Think About Sunset Pacific Petroleum Ltd's (CVE:SPK) Risks?

Check out our latest analysis for Sunset Pacific Petroleum What does SPK's beta value mean? … Sunset Pacific Petroleum has a beta of 2.62, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements.

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How Does Sunset Pacific Petroleum Ltd's (TSXV:SPK) EPS Growth Stack Up Against Industry Performance?

When Sunset Pacific Petroleum Ltd's (TSXV:SPK) announced its latest earnings (30 June 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Sunset Pacific Petroleum's average earnings over the past couple of years, and its industry performance. … View our latest analysis for Sunset Pacific Petroleum Commentary On SPK's Past Performance For the purpose of this commentary, I like to use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data.

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Company Info

Description

Sunset Pacific Petroleum Ltd., a junior resource exploration company, acquires, explores for, and develops natural resource properties primarily in North Africa and the Middle East. It primarily explores for oil and gas properties. The company was formerly known as Bighorn Petroleum Ltd. and changed its name to Sunset Pacific Petroleum Ltd. in May 2009. Sunset Pacific Petroleum Ltd. was incorporated in 1981 and is based in Vancouver, Canada.

Details
Name: Sunset Pacific Petroleum Ltd
SPK
Exchange: TSXV
Founded: 1981
CA$2,218,108
73,936,936
Website: http://sunsetpacificpetroleum.com
Address: Sunset Pacific Petroleum Ltd
938 Howe Street,
Suite 704,
Vancouver,
British Columbia, V6Z 1N98,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV SPK Common Shares TSX Venture Exchange CA CAD 15. Nov 1999
OTCPK SSPA.F Common Shares Pink Sheets LLC US USD 15. Nov 1999
Number of employees
Current staff
Staff numbers
0
Sunset Pacific Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/27 00:18
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.