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Canadian Spirit Resources

DB:HP4
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HP4
DB
CA$11M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Canadian Spirit Resources Inc., a natural resources company, focuses on the identification, exploration, development, and production of petroleum and natural gas properties in Canada. The last earnings update was 31 days ago. More info.


Add to Portfolio Compare Print
  • Canadian Spirit Resources has significant price volatility in the past 3 months.
HP4 Share Price and Events
7 Day Returns
17.4%
DB:HP4
-0%
DE Oil and Gas
-3.2%
DE Market
1 Year Returns
-37.2%
DB:HP4
14.7%
DE Oil and Gas
-11.6%
DE Market
HP4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canadian Spirit Resources (HP4) 17.4% -32.5% 0% -37.2% -28.9% -90.1%
DE Oil and Gas -0% 4.3% 9% 14.7% 12.7% 65.3%
DE Market -3.2% -5.1% 0.3% -11.6% 5.3% 5.9%
1 Year Return vs Industry and Market
  • HP4 underperformed the Oil and Gas industry which returned 14.7% over the past year.
  • HP4 underperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
HP4
Industry
5yr Volatility vs Market

HP4 Value

 Is Canadian Spirit Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Canadian Spirit Resources. This is due to cash flow or dividend data being unavailable. The share price is €0.027.
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 Canadian Spirit Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canadian Spirit Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HP4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.04
TSXV:SPI Share Price ** TSXV (2019-05-24) in CAD CA$0.06
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 9.36x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.22x

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

** Primary Listing of Canadian Spirit Resources.

DB:HP4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.06 ÷ -0.04

-1.34x

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

  • Canadian Spirit Resources is loss making, we can't compare its value to the DE Oil and Gas industry average.
  • Canadian Spirit Resources is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Canadian Spirit Resources's expected growth come at a high price?
Raw Data
DB:HP4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 59 Publicly-Listed Oil and Gas Companies 0.9x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.48x

*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 Canadian Spirit Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Canadian Spirit Resources's assets?
Raw Data
DB:HP4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.19
TSXV:SPI Share Price * TSXV (2019-05-24) in CAD CA$0.06
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.05x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:HP4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.06 ÷ 0.19

0.29x

* Primary Listing of Canadian Spirit Resources.

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

  • Canadian Spirit Resources is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Canadian Spirit Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Canadian Spirit Resources has a total score of 1/6, 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.

HP4 Future Performance

 How is Canadian Spirit Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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

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

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-8.6%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Canadian Spirit Resources expected to grow at an attractive rate?
  • Unable to compare Canadian Spirit Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Canadian Spirit Resources's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Canadian Spirit Resources's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:HP4 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -8.6%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
DB:HP4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
DB:HP4 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -1 -7
2018-09-30 0 -1 -2
2018-06-30 0 -1 -2
2018-03-31 0 -1 -2
2017-12-31 0 -1 -2
2017-09-30 1 -1 -30
2017-06-30 1 0 -30
2017-03-31 0 0 -30
2016-12-31 0 -1 -30
2016-09-30 0 -1 -1
2016-06-30 0 -1 -2
2016-03-31 0 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Canadian Spirit Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Canadian Spirit Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HP4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Canadian Spirit Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HP4 Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.04
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.20
2017-06-30 -0.19
2017-03-31 -0.20
2016-12-31 -0.20
2016-09-30 -0.01
2016-06-30 -0.02
2016-03-31 -0.01

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

Next steps:

  1. Examine Canadian Spirit Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Canadian Spirit Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Canadian Spirit Resources'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 Canadian Spirit Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Canadian Spirit Resources has a total score of 0/6, see the detailed checks below.

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

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

HP4 Past Performance

  How has Canadian Spirit Resources performed over the past 5 years?

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

All data from Canadian Spirit Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HP4 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.11 -7.36 0.85
2018-09-30 0.14 -1.84 0.87
2018-06-30 0.20 -1.99 0.95
2018-03-31 0.30 -2.01 0.99
2017-12-31 0.37 -1.99 1.01
2017-09-30 0.58 -30.49 0.96
2017-06-30 0.52 -29.89 0.85
2017-03-31 0.39 -30.23 0.89
2016-12-31 0.32 -30.07 0.96
2016-09-30 0.14 -1.09 0.99
2016-06-30 0.26 -2.18 1.04
2016-03-31 0.40 -1.97 1.06
2015-12-31 0.45 -2.25 1.03
2015-09-30 0.60 -2.31 0.88
2015-06-30 0.73 -1.80 1.14
2015-03-31 0.88 -1.73 1.15
2014-12-31 1.17 -3.46 1.29
2014-09-30 1.30 -3.53 1.73
2014-06-30 1.28 -3.48 1.46
2014-03-31 1.34 -3.55 1.47
2013-12-31 1.25 -1.91 1.46
2013-09-30 1.31 -2.00 0.97
2013-06-30 1.38 -2.19 1.05
2013-03-31 1.32 -3.02 1.75
2012-12-31 1.28 -3.45 1.95
2012-09-30 1.48 -18.10 2.42
2012-06-30 1.54 -18.12 2.60

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

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

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

HP4 Health

 How is Canadian Spirit Resources's financial health and their level of debt?

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

The boxes below represent the relative size of what makes up Canadian Spirit Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Canadian Spirit Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Canadian Spirit Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Canadian Spirit Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Canadian Spirit Resources has no debt, it does not need to be 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 Canadian Spirit Resources Company Filings, last reported 4 months ago.

DB:HP4 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 37.75 0.00 1.94
2018-09-30 42.67 0.00 0.86
2018-06-30 42.93 0.00 1.25
2018-03-31 43.24 0.00 1.63
2017-12-31 43.55 0.00 2.06
2017-09-30 42.28 0.00 0.38
2017-06-30 42.62 0.00 0.78
2017-03-31 42.69 0.00 0.84
2016-12-31 42.98 0.00 1.35
2016-09-30 71.86 0.00 1.24
2016-06-30 71.73 0.00 1.34
2016-03-31 71.77 0.00 2.41
2015-12-31 70.89 0.00 3.48
2015-09-30 69.31 0.00 1.72
2015-06-30 70.26 0.00 2.12
2015-03-31 70.69 0.00 2.58
2014-12-31 71.04 0.00 4.12
2014-09-30 71.34 0.00 4.37
2014-06-30 71.51 0.00 9.21
2014-03-31 64.57 0.00 5.74
2013-12-31 61.19 3.00 6.82
2013-09-30 59.18 0.00 1.00
2013-06-30 59.58 0.00 1.09
2013-03-31 60.02 0.00 1.29
2012-12-31 60.50 0.00 2.46
2012-09-30 60.93 0.00 3.33
2012-06-30 61.50 0.00 4.43
  • Canadian Spirit Resources has no debt.
  • Canadian Spirit Resources has no debt compared to 5 years ago when it was 4.8%.
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.

  • Canadian Spirit Resources has sufficient cash runway for 1.3 years based on current free cash flow.
  • Canadian Spirit Resources has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of -39.3% each year.
X
Financial health checks
We assess Canadian Spirit Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Canadian Spirit Resources has a total score of 5/6, 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.

HP4 Dividends

 What is Canadian Spirit Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Canadian Spirit Resources dividends.
If you bought €2,000 of Canadian Spirit Resources shares you are expected to receive €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 Canadian Spirit Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Canadian Spirit Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HP4 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
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

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 Canadian Spirit Resources has not reported any payouts.
  • Unable to verify if Canadian Spirit Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Canadian Spirit Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Canadian Spirit Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Canadian Spirit Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Canadian Spirit Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canadian Spirit Resources has a total score of 0/6, see the detailed checks below.


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

HP4 Management

 What is the CEO of Canadian Spirit Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rich Couillard
COMPENSATION CA$203,398
AGE 68
TENURE AS CEO 4.7 years
CEO Bio

Mr. J. Richard Couillard, also known as Rich, B.Sc., P.Geol., has been the President of Canadian Spirit Resources Inc. since July 2014 and has been its Chief Executive Officer since September 2014. Mr. Couillard serves as Chief Operating Officer of BuildersHarbor.com. He has over 30 years of experience in oil and gas exploration, production and technology development. He served as the Chief Operating Officer of Canadian Spirit Resources Inc. since July 2014. He served as Chief Executive Officer and President of Alpha PetroVision (Canada) Inc. He Co-founded Escavar Energy, Inc., in September 2003 and served as its Chief Executive Officer from September 2003. He was responsible for the financial oversight of Escavar Energy. He served as the President and Chief Operating Officer of Pan Asian Energy Inc., from August 2002 to September 2003 and Chief Operating Officer of WNS Emergent from June 2000 to July 2002. From 2000 to 2002, he served as the President and Chief Executive Officer of Oilsphere.com Inc., and Chief Operating Officer of VerticalBuilder.com Inc. He has served as President and Chief Executive Officer of Rock well Petroleum Inc. From 1998 to 2000, he served as the President of CouilOil Energy Inc. From 1998 to 2000, he served as President of Couillard Energy Inc. From 1994 to 1998, he served as a Senior Vice President of Exploration and Production at Numac Energy Inc. Prior to Numac, Mr. Couillard spent 21 years with Chevron Corporation and served as Exploration Manager of Western Canada, where he was responsible for developing a new exploration strategy resulting in a number of significant new discoveries. He has been the Chairman of The Board and Independent Director of Canadian Spirit Resources Inc. since September 7, 2015 and May 14, 2003 respectively. He served as Vice Chairman of Alpha PetroVision Holding AG. He serves as a Director of Badger Income Fund. He served as a Director of Badger Daylighting Ltd. from September 1, 2005 to June 18, 2015. He served as a Director of Escavar Energy, Inc., since May 14, 2003. He served as a Director of Kensington Energy Ltd., since April 08, 2002. He served as Director of Alpha PetroVision (Canada) Inc. He served as Non-Executive Director of Alpha PetroVision Holding AG since October 29, 2013 and served as its Executive Director from 2012 to October 29, 2013. He is a geologist. Mr. Couillard received his BSc (Honors first class) in Geology and Geophysics from Carleton University in 1973.

CEO Compensation
  • Rich's compensation has increased whilst company is loss making.
  • Rich's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Canadian Spirit Resources management team in years:

7.5
Average Tenure
  • The average tenure for the Canadian Spirit Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rich Couillard

TITLE
President
COMPENSATION
CA$203K
AGE
68
TENURE
4.7 yrs

Dean Hill

TITLE
VP of Finance & CFO
COMPENSATION
CA$180K
TENURE
10.4 yrs

Paul Smolarchuk

TITLE
Vice President of Engineering & Operations
COMPENSATION
CA$177K
TENURE
9 yrs

Jeff Dyck

TITLE
General Counsel

Carrie Yuill

TITLE
CFO & VP of Finance
TENURE
0.6 yrs

Bob Winnitoy

TITLE
COMPENSATION
CA$29K
TENURE
7.5 yrs
Board of Directors Tenure

Average tenure and age of the Canadian Spirit Resources board of directors in years:

5.7
Average Tenure
68
Average Age
  • The tenure for the Canadian Spirit Resources board of directors is about average.
Board of Directors

Rich Couillard

TITLE
President
COMPENSATION
CA$203K
AGE
68

Jeff Dyck

TITLE
General Counsel
TENURE
4 yrs

Donald Gardner

TITLE
Director
COMPENSATION
CA$16K
AGE
75
TENURE
16.3 yrs

Alfred Sorensen

TITLE
Director
COMPENSATION
CA$16K
AGE
56
TENURE
7.3 yrs

Luigi Liberatore

TITLE
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 (€) Value (€)
23. Jul 18 Sell BOE Investment Trust Company 20. Jul 18 20. Jul 18 -1,700,134 €0.07 €-110,541
23. Jul 18 Buy Jeffrey Dyck Individual 20. Jul 18 20. Jul 18 1,700,134 €0.07 €110,541
X
Management checks
We assess Canadian Spirit Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Canadian Spirit Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

HP4 News

Simply Wall St News

HP4 Company Info

Description

Canadian Spirit Resources Inc., a natural resources company, focuses on the identification, exploration, development, and production of petroleum and natural gas properties in Canada. It primarily develops the Montney Formation natural gas and natural gas liquids resource play in the Farrell Creek/Altares area of northeastern British Columbia. The company was formerly known as Spirit Energy Corp. and changed its name to Canadian Spirit Resources Inc. in June 2004. Canadian Spirit Resources Inc. was incorporated in 1987 and is headquartered in Calgary, Canada.

Details
Name: Canadian Spirit Resources Inc.
HP4
Exchange: DB
Founded: 1987
CA$7,155,058
196,177,583
Website: http://www.csri.ca
Address: Canadian Spirit Resources Inc.
First Alberta Place,
Suite 1520,
Calgary,
Alberta, T2P 3R5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV SPI Common Shares TSX Venture Exchange CA CAD 15. Apr 1991
OTCPK CSPU.F Common Shares Pink Sheets LLC US USD 15. Apr 1991
DB HP4 Common Shares Deutsche Boerse AG DE EUR 15. Apr 1991
Number of employees
Current staff
Staff numbers
0
Canadian Spirit Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 21:26
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2019/04/23
Last earnings reported: 2018/12/31
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.