New Risk • Jun 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 29% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Declared Dividend • Jun 05
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 16th June 2026 Payment date: 30th June 2026 Dividend yield will be 7.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 3 years but payments have been stable during that time. Announcement • Jun 03
Petrus Resources Ltd. Declares Monthly Dividend for June 2026, Payable on June 30, 2026 Petrus Resources Ltd. declared a monthly dividend in the amount of $0.01 per share payable June 30, 2026, to shareholders of record on June 16, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Peter Verburg was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
Petrus Resources Ltd. Declares Monthly Dividend for April 2026, Payable on April 30, 2026 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable April 30, 2026, to shareholders of record on April 15, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Mar 16
Petrus Resources Ltd., Annual General Meeting, May 22, 2026 Petrus Resources Ltd., Annual General Meeting, May 22, 2026. Announcement • Mar 04
Petrus Resources Ltd. Declares Monthly Dividend for March 2026, Payable on March 31, 2026 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable March 31, 2026, to shareholders of record on March 17, 2026. Announcement • Feb 04
Petrus Resources Ltd. Declares Monthly Dividend for February 2026, Payable on February 27, 2026 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable February 27, 2026, to shareholders of record on February 17, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Jan 03
Petrus Resources Ltd. Declares Monthly Dividend for January 2026, Payable on January 30, 2026 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share for January 2026 payable January 30, 2026, to shareholders of record on January 15, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Dec 02
Petrus Resources Ltd. Declares Monthly Dividend for December 2025, Payable on December 30, 2025 Petrus Resources Ltd. confirmed that its Board of Directors declared a monthly dividend in the amount of $0.01 per share payable December 30, 2025, to shareholders of record on December 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Nov 04
Petrus Resources Declares Monthly Dividend for November 2025, Payable on November 28, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable November 28, 2025, to shareholders of record on November 17, 2025. Announcement • Oct 02
Petrus Resources Ltd. Declares Monthly Dividend for October 2025, Payable on October 31, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable October 31, 2025, to shareholders of record on October 15, 2025. Announcement • Sep 03
Petrus Resources Declares Monthly Dividend for September 2025, Payable on September 29, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable September 29, 2025, to shareholders of record on September 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Aug 08
Petrus Resources Ltd. Reaffirms Production Guidance for the Year 2025 Petrus Resources Ltd. reaffirmed production guidance for the year 2025. For the year, Average annual production is expected to remain between 9,000 boe/d and 10,000 boe/d, consistent with guidance provided in February 2025. Announcement • Aug 06
Petrus Resources Declares Monthly Dividend for August 2025, Payable on August 29, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable August 29, 2025, to shareholders of record on August 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Jul 03
Petrus Resources Ltd. Declares Monthly Dividend for July 2025, Payable on July 31, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable July 31, 2025, to shareholders of record on July 15, 2025. Announcement • Jun 03
Petrus Resources Ltd. Declares Monthly Dividend for June 2025, Payable on June 30, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable June 30, 2025, to shareholders of record on June 16, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • May 02
Petrus Resources Ltd. Declares Monthly Dividend for May 2025, Payable May 30, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share for May 2025, payable May 30, 2025, to shareholders of record on May 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Apr 02
Petrus Resources Ltd. Declares Monthly Dividend for April 2025, Payable on April 30, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable April 30, 2025, to shareholders of record on April 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Mar 12
Petrus Resources Ltd., Annual General Meeting, May 21, 2025 Petrus Resources Ltd., Annual General Meeting, May 21, 2025. Announcement • Mar 04
Petrus Resources Ltd. Declares Monthly Dividend, Payable on March 31, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable March 31, 2025, to shareholders of record on March 17, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Feb 13
Petrus Resources Ltd. Provides Production Guidance for the Year 2025 Petrus Resources Ltd. provided production guidance for the year 2025. The company expects to achieve 2025 annual average daily production of 9,000 boe per day to 10,000 boe per day - 65% gas and 35% total liquids. Announcement • Feb 04
Petrus Resources Declares Monthly Dividend, Payable on February 28, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable February 28, 2025, to shareholders of record on February 14, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Jan 03
Petrus Resources Ltd. Declares Monthly Dividend, Payable on January 31, 2025 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable January 31, 2025, to shareholders of record on January 15, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Announcement • Nov 29
Petrus Resources Ltd. Declares Monthly Dividend for December 2024, Payable on December 30, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share, payable on December 30, 2024, to shareholders of record on December 16, 2024. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: CA$0.04 (vs CA$0.091 loss in 3Q 2023) Third quarter 2024 results: EPS: CA$0.04 (up from CA$0.091 loss in 3Q 2023). Revenue: CA$27.8m (up 10% from 3Q 2023). Net income: CA$5.30m (up CA$16.6m from 3Q 2023). Profit margin: 19% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Nov 05
Petrus Resources Ltd. Declares Monthly Dividend for November 2024, Payable on November 29, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable November 29, 2024, to shareholders of record on November 15, 2024. The dividend is designated as an eligible dividend for Canadian income tax purposes. Declared Dividend • Oct 07
Dividend of CA$0.01 announced Shareholders will receive a dividend of CA$0.01. Ex-date: 15th October 2024 Payment date: 31st October 2024 Dividend yield will be 7.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (498% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 02
Petrus Resources Ltd. Declares Monthly Dividend for October 2024, Payable on October 31, 2024 Petrus Resources Ltd. announced that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable October 31, 2024, to shareholders of record on October 15, 2024. Upcoming Dividend • Sep 10
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 9.0%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.6%). Announcement • Sep 04
Petrus Resources Ltd. Declares Monthly Dividend for September 2024, Payable on September 30, 2024 Petrus Resources Ltd. announced that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable September 30, 2024, to shareholders of record on September 17, 2024. The dividend is designated as an eligible dividend for Canadian income tax purposes. New Risk • Aug 23
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €214k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (498% cash payout ratio). Profit margins are more than 30% lower than last year (28% net profit margin). Significant insider selling over the past 3 months (€214k sold). New Risk • Aug 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 28% Last year net profit margin: 42% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (498% cash payout ratio). Profit margins are more than 30% lower than last year (28% net profit margin). Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CA$0.02 (vs CA$0.041 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.02 (down from CA$0.041 in 2Q 2023). Revenue: CA$22.5m (down 18% from 2Q 2023). Net income: CA$2.79m (down 45% from 2Q 2023). Profit margin: 12% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • Aug 02
Petrus Resources Ltd. Declares Monthly Dividend for August 2024, Payable on August 30, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable August 30, 2024, to shareholders of record on August 16, 2024. Upcoming Dividend • Jul 10
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 17 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 13% and the cash payout ratio is 76%. Trailing yield: 8.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.6%). Announcement • Jul 03
Petrus Resources Ltd. Declares Monthly Dividend for July 2024, Payable on July 31, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable July 31, 2024, to shareholders of record on July 17, 2024. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Peter Verburg was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 28
President recently sold €73k worth of stock On the 24th of June, Ken Gray sold around 77k shares on-market at roughly €0.95 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ken has been a net seller over the last 12 months, reducing personal holdings by €113k. Upcoming Dividend • Jun 10
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 13% and the cash payout ratio is 76%. Trailing yield: 9.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.4%). Buy Or Sell Opportunity • May 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to €0.87. The fair value is estimated to be €1.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years, while earnings per share has been flat. Announcement • May 30
Petrus Resources Ltd. Declares Monthly Dividend for June 2024, Payable on June 28, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend for June 2024 in the amount of $0.01 per share payable June 28, 2024, to shareholders of record on June 17, 2024. New Risk • May 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 29% Last year net profit margin: 49% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (152% cash payout ratio). Profit margins are more than 30% lower than last year (29% net profit margin). Reported Earnings • May 09
First quarter 2024 earnings released: CA$0.04 loss per share (vs CA$0.14 profit in 1Q 2023) First quarter 2024 results: CA$0.04 loss per share (down from CA$0.14 profit in 1Q 2023). Revenue: CA$15.7m (down 55% from 1Q 2023). Net loss: CA$5.33m (down 131% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Upcoming Dividend • May 07
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 31 May 2024. Trailing yield: 8.8%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.2%). Announcement • Apr 30
Petrus Resources Ltd. Declares Monthly Dividend for May 2024, Payable on May 31, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share for May 2024, payable May 31, 2024, to shareholders of record on May 15, 2024. Upcoming Dividend • Apr 05
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 12 April 2024. Payment date: 30 April 2024. Trailing yield: 9.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.1%). Announcement • Mar 29
Petrus Resources Ltd. Declares Monthly Dividend for April 2024, Payable on April 30, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable April 30, 2024, to shareholders of record on April 15, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: CA$0.41 (vs CA$0.53 in FY 2022) Full year 2023 results: EPS: CA$0.41 (down from CA$0.53 in FY 2022). Revenue: CA$124.2m (down 3.1% from FY 2022). Net income: CA$50.7m (down 17% from FY 2022). Profit margin: 41% (down from 48% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year and the company’s share price has also increased by 47% per year. Announcement • Mar 19
Petrus Resources Ltd., Annual General Meeting, May 29, 2024 Petrus Resources Ltd., Annual General Meeting, May 29, 2024. Announcement • Mar 01
Petrus Resources Declares Monthly Dividend for March 2024, Payable on March 28, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable March 28, 2024, to shareholders of record on March 15, 2024. Announcement • Feb 22
Petrus Resources Ltd. Provides Production Guidance for the Year 2024 Petrus Resources Ltd. provided production guidance for the year 2024. The company expects to achieve 2024 annual average daily production of 9,000 boe per day to 10,000 boe per day. Upcoming Dividend • Feb 08
Upcoming dividend of CA$0.01 per share at 9.5% yield Eligible shareholders must have bought the stock before 15 February 2024. Payment date: 29 February 2024. Trailing yield: 9.5%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.3%). Announcement • Feb 01
Petrus Resources Ltd. Declares Monthly Dividend for February 2024, Payable on February 29, 2024 Petrus Resources Ltd. confirmed that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable February 29, 2024, to shareholders of record on February 16, 2024. Upcoming Dividend • Jan 08
Upcoming dividend of CA$0.01 per share at 9.2% yield Eligible shareholders must have bought the stock before 15 January 2024. Payment date: 31 January 2024. Trailing yield: 9.2%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.7%). Reported Earnings • Nov 10
Third quarter 2023 earnings released: CA$0.09 loss per share (vs CA$0.08 profit in 3Q 2022) Third quarter 2023 results: CA$0.09 loss per share (down from CA$0.08 profit in 3Q 2022). Revenue: CA$10.5m (down 51% from 3Q 2022). Net loss: CA$11.3m (down 215% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 10
Petrus Resources Ltd. Declares Initial Regular Monthly Dividend, Payable on January 31, 2024 Petrus’ Board of Directors of Petrus Resources Ltd. has approved the implementation of a regular dividend of $0.01 per common share per month(4). The initial regular monthly dividend is payable on January 31, 2024 to shareholders of record at the close of business on January 16, 2024. Announcement • Nov 09
Petrus Resources Ltd. Revises Production Guidance for the Year 2023 Petrus Resources Ltd. revised production guidance for the year 2023. Consistent with its 2023 revised budget guidance, Petrus has maintained relatively flat production year to date, averaging 10,580 boe/d. New Risk • Oct 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (44% net profit margin). Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.04, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 974% over the past three years. Announcement • Oct 12
Petrus Resources Announces Declaration of Special Dividend, Payable on November 9, 2023 Petrus Resources Ltd. announced the declaration of a special dividend on its common shares. Due to the Company’s performance and the resulting free cash flow, Petrus’ board of directors has declared a special cash dividend of $0.03 per common share. The dividend will be payable on November 9, 2023 toshareholders of record at the close of business on October 26, 2023. The dividend has been classified as an eligible dividend for the purposes of the Income Tax Act (Canada). Buying Opportunity • Sep 06
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €1.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Aug 15
Petrus Resources Ltd. Provides Production Guidance for the Year of 2023 Petrus Resources Ltd. provided production guidance for the year of 2023. The company expects to achieve a 2023 annual production of 10,000 to 10,500 boe per day (up 35% year-over-year). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CA$0.04 (vs CA$0.16 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.04 (down from CA$0.16 in 2Q 2022). Revenue: CA$30.5m (down 16% from 2Q 2022). Net income: CA$5.04m (down 72% from 2Q 2022). Profit margin: 17% (down from 50% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 97% per year and the company’s share price has also increased by 97% per year. Reported Earnings • May 15
First quarter 2023 earnings released: EPS: CA$0.14 (vs CA$0.11 in 1Q 2022) First quarter 2023 results: EPS: CA$0.14 (up from CA$0.11 in 1Q 2022). Revenue: CA$43.8m (up 54% from 1Q 2022). Net income: CA$17.3m (up 58% from 1Q 2022). Profit margin: 40% (up from 38% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has increased by 137% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Petrus Resources Ltd., Annual General Meeting, Jun 26, 2023 Petrus Resources Ltd., Annual General Meeting, Jun 26, 2023, at 13:30 Mountain Daylight. Location: 240FOURTH (previously BP Centre) 240, 4th Ave SW Calgary Calgary Alberta Canada Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €1.31, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 2,908% over the past three years. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: CA$0.53 (vs CA$1.83 in FY 2021) Full year 2022 results: EPS: CA$0.53 (down from CA$1.83 in FY 2021). Revenue: CA$129.5m (up 79% from FY 2021). Net income: CA$60.9m (down 47% from FY 2021). Profit margin: 47% (down from 158% in FY 2021). Oil reserves and sales price Proven reserves: 2.559 MMbbls Average sales price/bbl: US$113 Gas reserves and sales price Proven reserves: 166.215 Bcf Average sales price/mcf: US$6.03 LNG reserves and sales price Proven reserves: 7.978 MMbbls Average sales price/bbl: US$63.26 Combined production and costs Oil equivalent production: 2.776 MMboe (2.193 MMboe in FY 2021) Average production cost/Boe: US$9.53 Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has increased by 192% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 08
Petrus Resources Ltd. Appoints Lindsay Hatcher as Vice President, Commercial & Corporate Development Petrus Resources Ltd. announced the appointment of Ms. Lindsay Hatcher as the company's Vice President, Commercial & Corporate Development. In this role, Ms. Hatcher will lead Petrus' commercial operations including the company's marketing strategy and downstream activities as well as support ongoing business development and corporate planning. Lindsay has over 15 years of experience in Alberta's energy sector. Prior to joining the Petrus team in 2014, she held positions with Compton Petroleum Corp. and ARC Resources Ltd. She holds a Bachelor of Business Administration from St. Francis Xavier University and an MBA from the University of Calgary. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: CA$0.08 (vs CA$0.14 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.08. Revenue: CA$25.6m (up 38% from 3Q 2021). Net income: CA$9.82m (up 34% from 3Q 2021). Profit margin: 38% (down from 40% in 3Q 2021). Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 21% share price gain to €1.70, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 12x in the Oil and Gas industry in Germany. Total returns to shareholders of 1,612% over the past three years. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: CA$0.16 (vs CA$0.086 loss in 2Q 2021) Second quarter 2022 results: EPS: CA$0.16 (up from CA$0.086 loss in 2Q 2021). Revenue: CA$35.0m (up 109% from 2Q 2021). Net income: CA$18.0m (up CA$22.3m from 2Q 2021). Profit margin: 52% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 29
Insider recently bought €238k worth of stock On the 23rd of June, Glen Gray bought around 149k shares on-market at roughly €1.59 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €3.3m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.02, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 12x in the Oil and Gas industry in Germany. Total returns to shareholders of 1,368% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 23% share price gain to €2.06, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 14x in the Oil and Gas industry in Germany. Total returns to shareholders of 991% over the past three years. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: CA$0.11 (vs CA$0.064 loss in 1Q 2021) First quarter 2022 results: EPS: CA$0.11 (up from CA$0.064 loss in 1Q 2021). Revenue: CA$26.3m (up 83% from 1Q 2021). Net income: CA$10.9m (up CA$14.1m from 1Q 2021). Profit margin: 42% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.46, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 18x in the Oil and Gas industry in Germany. Total returns to shareholders of 504% over the past three years. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 20% share price gain to €1.69, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 19x in the Oil and Gas industry in Germany. Total returns to shareholders of 609% over the past three years. Recent Insider Transactions • Mar 16
President recently bought €3.0m worth of stock On the 14th of March, Ken Gray bought around 3m shares on-market at roughly €1.03 per share. This was the largest purchase by an insider in the last 3 months. Ken has been a buyer over the last 12 months, purchasing a net total of €3.0m worth in shares. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CA$1.83 (up from CA$1.97 loss in FY 2020). Revenue: CA$58.2m (up 28% from FY 2020). Net income: CA$114.6m (up CA$212.1m from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS CA$0.14 (vs CA$0.074 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$15.4m (up 33% from 3Q 2020). Net income: CA$7.34m (up CA$11.0m from 3Q 2020). Profit margin: 48% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. Announcement • Sep 24
Petrus Resources Ltd. announced that it has received CAD 10 million in funding On September 22, 2021, Petrus Resources Ltd. closed the transaction. Announcement • Aug 31
Petrus Resources Ltd. announced that it expects to receive CAD 10 million in funding Petrus Resources Ltd. announced that it has entered into a binding subscription agreements for private placement of approximately 18,181,818 common shares at a price of CAD 0.55 per common share for gross proceeds of approximately CAD 9,999,999.9 on August 30, 2021. The transaction will include participation from Don Gray for CAD 8,600,000 and Glen Gray for CAD 1,400,000. The transaction is subject to customary terms and conditions. Reported Earnings • Aug 13
Second quarter 2021 earnings released: CA$0.086 loss per share (vs CA$0.13 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$16.8m (up 103% from 2Q 2020). Net loss: CA$4.27m (loss narrowed 32% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
First quarter 2021 earnings released: CA$0.06 loss per share (vs CA$1.77 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: CA$9.79m (down 22% from 1Q 2020). Net loss: CA$3.16m (loss narrowed 96% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 01
Independent Chairman of the Board recently bought €1.2m worth of stock On the 25th of March, Donald Gray bought around 6m shares on-market at roughly €0.20 per share. This was the largest purchase by an insider in the last 3 months. This was Donald's only on-market trade for the last 12 months. Is New 90 Day High Low • Mar 06
New 90-day high: €0.22 The company is up 66% from its price of €0.13 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is flat over the same period. Reported Earnings • Feb 28
Full year 2020 earnings released: CA$1.97 loss per share (vs CA$0.85 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$53.7m (down 17% from FY 2019). Net loss: CA$97.6m (loss widened 131% from FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Feb 26
Petrus Resources Ltd., Annual General Meeting, May 13, 2021 Petrus Resources Ltd., Annual General Meeting, May 13, 2021, at 14:00 Mountain Standard Time. Reported Earnings • Nov 17
Third quarter 2020 earnings released: CA$0.074 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: CA$11.6m (up 2.3% from 3Q 2019). Net loss: CA$3.68m (loss narrowed 88% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. 