BST:3STB

Stock Analysis Report

Cequence Energy

Executive Summary

Cequence Energy Ltd. engages in the exploration for and the development of oil and natural gas reserves in Canada.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Risks

  • Cequence Energy is not covered by any analysts.

Share Price & News

How has Cequence Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

BST:3STB

2.6%

DE Oil and Gas

-0.5%

DE Market


1 Year Return

n/a

BST:3STB

18.6%

DE Oil and Gas

-6.1%

DE Market

No trading data on 3STB.

No trading data on 3STB.


Share holder returns

3STBIndustryMarket
7 Day0%2.6%-0.5%
30 Day0%1.1%0.6%
90 Day-4.3%13.6%2.0%
1 Yearn/a24.3%18.6%-3.2%-6.1%
3 Yearn/a39.3%26.5%24.6%13.8%
5 Yearn/a94.4%67.7%25.2%7.8%

Price Volatility Vs. Market

How volatile is Cequence Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Cequence Energy undervalued based on future cash flows and its price relative to the stock market?

0.085x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Cequence Energy's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Cequence Energy's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Cequence Energy is loss making, we can't compare its value to the DE Oil and Gas industry average.

Cequence Energy is loss making, we can't compare the value of its earnings to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Cequence Energy, we can't assess if its growth is good value.


Price Based on Value of Assets

Cequence Energy is good value based on assets compared to the DE Oil and Gas industry average.


Next Steps

Future Growth

How is Cequence Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-4.9%

Forecasted Oil and Gas industry annual growth in earnings


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 Cequence Energy 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Cequence Energy performed over the past 5 years?

-27.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Cequence Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Cequence Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Cequence Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.


Return on Equity

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


Return on Assets

It is difficult to establish if Cequence Energy has efficiently used its assets last year compared to the DE Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Cequence Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Cequence Energy's financial position?


Financial Position Analysis

Cequence Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Cequence Energy's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Cequence Energy's level of debt (38.5%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (11.4% vs 38.5% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.4x debt.


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.

Whilst loss making Cequence Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Cequence Energy has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -128% per year.


Next Steps

Dividend

What is Cequence Energy's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Cequence Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Cequence Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Cequence Energy has not reported any payouts.

Unable to verify if Cequence Energy's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Cequence Energy 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.


Next Steps

Management

What is the CEO of Cequence Energy's salary, the management and board of directors tenure and is there insider trading?

8.3yrs

Average management tenure


CEO

Todd Brown

2.8yrs

Tenure

CA$521,892

Compensation

Mr. Todd Jason Brown, P.Eng has been the Chief Executive Officer of Cequence Energy Ltd. since March 2017 and served as its Chief Operating Officer from August 2014 to March 2017. Prior thereto from May 20 ...


CEO Compensation Analysis

Todd's remuneration is about average for companies of similar size in Germany.

Todd's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.3yrs

Average Tenure

55.5yo

Average Age

The average tenure for the Cequence Energy management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.9yrs

Average Tenure

63yo

Average Age

The tenure for the Cequence Energy board of directors is about average.


Insider Trading

More shares have been bought than sold by Cequence Energy insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

Buy€254,37311 Jun 19
Donald Archibald
EntityIndividual
Role
Executive Chairman
Chairman of the Board
Shares1,094,569
Max Price€0.23
Buy€176,72105 Jun 19
Howard Crone
EntityIndividual
Role
Executive VP & Director
Member of the Board of Directors
Shares760,431
Max Price€0.23
Buy€7,46327 May 19
Allan Mowbray
EntityIndividual
Shares25,000
Max Price€0.30
Buy€9,02301 Apr 19
Allan Mowbray
EntityIndividual
Shares25,000
Max Price€0.36
Sell€15818 Dec 18
Howard Crone
EntityIndividual
Role
Executive VP & Director
Member of the Board of Directors
Shares390
Max Price€0.40
Buy€7,73122 Nov 18
Howard Crone
EntityIndividual
Role
Executive VP & Director
Member of the Board of Directors
Shares15,000
Max Price€0.52
Buy€1,19319 Nov 18
Howard Crone
EntityIndividual
Role
Executive VP & Director
Member of the Board of Directors
Shares2,500
Max Price€0.48
Buy€14,89327 Sep 18
Brian Felesky
EntityIndividual
Role
Member of the Board of Directors
Shares32,319.2
Max Price€0.46
Buy€1,82127 Sep 18
Stephanie Felesky
EntityIndividual
Shares3,951.8
Max Price€0.46
Buy€298,34627 Sep 18
Donald Archibald
EntityIndividual
Role
Executive Chairman
Chairman of the Board
Shares647,438.6
Max Price€0.46
Buy€290,08625 Sep 18
Howard Crone
EntityIndividual
Role
Executive VP & Director
Member of the Board of Directors
Shares629,513.6
Max Price€0.46
Buy€473,35121 Sep 18
Howard Crone
EntityIndividual
Role
Executive VP & Director
Member of the Board of Directors
Shares1,027,216.5
Max Price€0.46
Buy€4,35021 Sep 18
Kevin Nielsen
EntityIndividual
Role
Contract Interim Chief Financial Officer
Shares9,439.2
Max Price€0.46
Buy€23,15321 Sep 18
Peter Bannister
EntityIndividual
Role
Member of the Board of Directors
Shares50,243.25
Max Price€0.46
Buy€53,46621 Sep 18
Todd Brown
EntityIndividual
Role
CEO & Director
Member of the Board of Directors
Shares116,025.35
Max Price€0.46
Buy€1,15418 Sep 18
Donald Archibald
EntityIndividual
Role
Executive Chairman
Chairman of the Board
Shares2,505
Max Price€0.46
Buy€40618 Sep 18
Daryl Gilbert
EntityIndividual
Role
Member of the Board of Directors
Shares880.05
Max Price€0.46
Buy€15,63918 Sep 18
Christopher Soby
EntityIndividual
Role
Vice President of Land
Shares33,937.85
Max Price€0.46
Buy€15,96618 Sep 18
Erin Thorson
EntityIndividual
Role
Controller
Shares34,648.35
Max Price€0.46
Buy€16,74418 Sep 18
David Robinson
EntityIndividual
Role
Vice President of Geology
Shares36,335.6
Max Price€0.46
Buy€9,83708 Aug 18
Kevin Nielsen
EntityIndividual
Role
Contract Interim Chief Financial Officer
Shares6,246.5
Max Price€1.57

Ownership Breakdown


Management Team

  • Chris Soby (55yo)

    Vice President of Land

    • Tenure: 8.3yrs
    • Compensation: CA$388.71k
  • Don Archibald (57yo)

    Executive Chairman

    • Compensation: CA$40.84k
  • Erin Thorson

    Controller

    • Tenure: 9.5yrs
    • Compensation: CA$337.71k
  • Howard Crone (55yo)

    Executive VP & Director

    • Tenure: 8.3yrs
    • Compensation: CA$38.34k
  • Dave Robinson (56yo)

    Vice President of Geology

    • Tenure: 8.3yrs
    • Compensation: CA$388.71k
  • Kirk Litvenenko

    Corporate Secretary

  • Todd Brown

    CEO & Director

    • Tenure: 2.8yrs
    • Compensation: CA$521.89k
  • Kevin Nielsen

    Contract Interim Chief Financial Officer

    • Tenure: 1.0yrs

Board Members

  • Peter Bannister (60yo)

    Independent Director

    • Tenure: 9.5yrs
    • Compensation: CA$39.59k
  • Don Archibald (57yo)

    Executive Chairman

    • Tenure: 9.5yrs
    • Compensation: CA$40.84k
  • Brian Felesky (75yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: CA$39.59k
  • Jim Gray (84yo)

    Director Emeritus

  • Daryl Gilbert (66yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: CA$39.59k
  • Howard Crone (55yo)

    Executive VP & Director

    • Tenure: 9.5yrs
    • Compensation: CA$38.34k
  • Todd Brown

    CEO & Director

    • Tenure: 3.0yrs
    • Compensation: CA$521.89k

Company Information

Cequence Energy Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cequence Energy Ltd.
  • Ticker: 3STB
  • Exchange: BST
  • Founded: 2000
  • Industry: oil and gas exploration and production
  • Sector: energy
  • Market Cap: CA$13.259m
  • Listing Market Cap: CA$8.741m
  • Shares outstanding: 24.55m
  • Website: Click here

Number of Employees


Location

  • Cequence Energy Ltd.
  • 215 - 9th Avenue SW
  • Suite 1400
  • Calgary
  • Alberta
  • T2P 1K3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3STBDB (Deutsche Boerse AG)YesCommon Voting SharesDEEURAug 2007
CQETSX (The Toronto Stock Exchange)YesCommon Voting SharesCACADAug 2007
CEQX.FOTCPK (Pink Sheets LLC)YesCommon Voting SharesUSUSDAug 2007
3STBBST (Boerse-Stuttgart)YesCommon Voting SharesDEEURAug 2007

Biography

Cequence Energy Ltd. engages in the acquisition, exploration, development, and production of petroleum and natural gas reserves in Western Canada. Its principal property is the Simonette asset located in t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/01/28 23:52
End of Day Share Price2018/10/31 00:00
Earnings2018/09/30
Annual Earnings2017/12/31


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.