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Eco (Atlantic) Oil & Gas

AIM:ECO
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ECO
AIM
CA$255M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • Eco (Atlantic) Oil & Gas has significant price volatility in the past 3 months.
ECO Share Price and Events
7 Day Returns
0.9%
AIM:ECO
0.7%
GB Oil and Gas
1%
GB Market
1 Year Returns
147.5%
AIM:ECO
19%
GB Oil and Gas
1.6%
GB Market
ECO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eco (Atlantic) Oil & Gas (ECO) 0.9% -16.5% 46.5% 147.5% - -
GB Oil and Gas 0.7% 5.4% 9.3% 19% 52.6% -2.7%
GB Market 1% 2.3% 8.6% 1.6% 14% 5.9%
1 Year Return vs Industry and Market
  • ECO outperformed the Oil and Gas industry which returned 19% over the past year.
  • ECO outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.6% over the past year.
Price Volatility
ECO
Industry
5yr Volatility vs Market

Value

 Is Eco (Atlantic) Oil & Gas 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 Eco (Atlantic) Oil & Gas. This is due to cash flow or dividend data being unavailable. The share price is £0.802.
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 Eco (Atlantic) Oil & Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eco (Atlantic) Oil & Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:ECO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$0.07
TSXV:EOG Share Price ** TSXV (2019-04-18) in CAD CA$1.41
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 31 Publicly-Listed Oil and Gas Companies 9.81x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.28x

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

** Primary Listing of Eco (Atlantic) Oil & Gas.

AIM:ECO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.41 ÷ 0.07

21.11x

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

  • Eco (Atlantic) Oil & Gas is overvalued based on earnings compared to the GB Oil and Gas industry average.
  • Eco (Atlantic) Oil & Gas is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Eco (Atlantic) Oil & Gas's expected growth come at a high price?
Raw Data
AIM:ECO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-100.7%per year
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio Median Figure of 18 Publicly-Listed Oil and Gas Companies 0.48x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

AIM:ECO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.11x ÷ -100.7%

-0.21x

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

  • Eco (Atlantic) Oil & Gas earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eco (Atlantic) Oil & Gas's assets?
Raw Data
AIM:ECO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.17
TSXV:EOG Share Price * TSXV (2019-04-18) in CAD CA$1.41
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PB Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
AIM:ECO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.41 ÷ 0.17

8.24x

* Primary Listing of Eco (Atlantic) Oil & Gas.

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

  • Eco (Atlantic) Oil & Gas is overvalued based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess Eco (Atlantic) Oil & Gas'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. Eco (Atlantic) Oil & Gas 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 Eco (Atlantic) Oil & Gas expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
-100.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eco (Atlantic) Oil & Gas expected to grow at an attractive rate?
  • Eco (Atlantic) Oil & Gas's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Eco (Atlantic) Oil & Gas's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Eco (Atlantic) Oil & Gas's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:ECO Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:ECO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -100.7%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 14.4%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:ECO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:ECO Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 0 -5 -6 1
2020-03-31 0 -6 -7 3
2019-03-31 17 11 10 2
AIM:ECO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 11 11
2018-09-30 -7 -7
2018-06-30 -6 -7
2018-03-31 -6 -8
2017-12-31 -6 -8
2017-09-30 -5 -6
2017-06-30 -5 -5
2017-03-31 -5 -4
2016-12-31 -5 -6
2016-09-30 -6 -5
2016-06-30 -3 -3
2016-03-31 -5 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eco (Atlantic) Oil & Gas's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Eco (Atlantic) Oil & Gas 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
AIM:ECO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

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

AIM:ECO Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 -0.03 -0.03 -0.03 1.00
2020-03-31 -0.07 -0.03 -0.13 3.00
2019-03-31 0.06 0.06 0.06 2.00
AIM:ECO Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 0.07
2018-09-30 -0.05
2018-06-30 -0.05
2018-03-31 -0.06
2017-12-31 -0.07
2017-09-30 -0.06
2017-06-30 -0.06
2017-03-31 -0.05
2016-12-31 -0.07
2016-09-30 -0.05
2016-06-30 -0.04
2016-03-31 -0.04

*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 Eco (Atlantic) Oil & Gas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Eco (Atlantic) Oil & Gas'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Eco (Atlantic) Oil & Gas 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 Eco (Atlantic) Oil & Gas 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 Eco (Atlantic) Oil & Gas'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.
  • Eco (Atlantic) Oil & Gas's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Eco (Atlantic) Oil & Gas has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Eco (Atlantic) Oil & Gas has become profitable in the last year making it difficult to compare the GB Oil and Gas industry average.
Earnings and Revenue History
Eco (Atlantic) Oil & Gas'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 Eco (Atlantic) Oil & Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ECO 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 10.58 2.22
2018-09-30 -7.24 3.62
2018-06-30 -6.93 3.53
2018-03-31 -8.18 4.47
2017-12-31 -8.46 4.57
2017-09-30 -6.19 3.35
2017-06-30 -5.49 3.13
2017-03-31 -4.04 1.89
2016-12-31 -6.28 2.04
2016-09-30 -4.52 1.39
2016-06-30 -3.41 1.54
2016-03-31 -3.77 1.72
2015-12-31 2.75 1.74
2015-09-30 0.62 2.34
2015-06-30 0.00 3.53
2015-03-31 0.18 3.58
2014-12-31 -3.76 3.51
2014-09-30 -3.03 3.41
2014-06-30 -3.24 2.31
2014-03-31 -3.74 2.30
2013-12-31 -3.84 2.42
2013-09-30 -3.63 2.42
2013-06-30 -4.01 2.70
2013-03-31 -3.98 3.06
2012-12-31 -5.37 4.08
2012-09-30 -6.57 3.68
2012-06-30 -6.12 3.23

*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.
  • Eco (Atlantic) Oil & Gas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Eco (Atlantic) Oil & Gas used its assets more efficiently than the GB Oil and Gas industry average last year based on Return on Assets.
  • Eco (Atlantic) Oil & Gas has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Eco (Atlantic) Oil & Gas'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.
Eco (Atlantic) Oil & Gas has a total score of 3/6, 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 Eco (Atlantic) Oil & Gas'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 Eco (Atlantic) Oil & Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eco (Atlantic) Oil & Gas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eco (Atlantic) Oil & Gas has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eco (Atlantic) Oil & Gas'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.
  • Eco (Atlantic) Oil & Gas 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 Eco (Atlantic) Oil & Gas Company Filings, last reported 3 months ago.

AIM:ECO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 27.34 0.00 25.75
2018-09-30 12.99 0.00 11.33
2018-06-30 15.14 0.00 12.97
2018-03-31 16.01 0.00 14.32
2017-12-31 16.37 0.00 14.40
2017-09-30 5.11 0.00 4.65
2017-06-30 6.93 0.00 4.99
2017-03-31 7.95 0.00 6.09
2016-12-31 2.90 0.00 1.14
2016-09-30 2.77 0.00 1.79
2016-06-30 3.91 0.00 2.56
2016-03-31 4.77 0.00 3.46
2015-12-31 8.54 0.00 5.29
2015-09-30 8.94 0.00 8.12
2015-06-30 9.23 0.00 7.84
2015-03-31 10.40 0.00 10.49
2014-12-31 4.28 0.00 12.20
2014-09-30 5.85 0.00 1.96
2014-06-30 5.48 0.00 2.76
2014-03-31 6.31 0.00 3.64
2013-12-31 6.96 0.00 4.45
2013-09-30 7.70 0.00 5.14
2013-06-30 8.45 0.00 5.85
2013-03-31 9.68 0.00 6.47
2012-12-31 10.35 0.00 7.16
2012-09-30 7.41 0.00 4.31
2012-06-30 8.46 0.00 5.86
  • Eco (Atlantic) Oil & Gas has no debt.
  • Eco (Atlantic) Oil & Gas has not taken on any debt in the past 5 years.
  • Eco (Atlantic) Oil & Gas has no debt, it does not need to be covered by operating cash flow.
  • Eco (Atlantic) Oil & Gas has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Eco (Atlantic) Oil & Gas'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. Eco (Atlantic) Oil & Gas has a total score of 6/6, 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 Eco (Atlantic) Oil & Gas'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 Eco (Atlantic) Oil & Gas dividends.
If you bought £2,000 of Eco (Atlantic) Oil & Gas 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 Eco (Atlantic) Oil & Gas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Eco (Atlantic) Oil & Gas'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
AIM:ECO 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 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:ECO Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31

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

  • Unable to perform a dividend volatility check as Eco (Atlantic) Oil & Gas has not reported any payouts.
  • Unable to verify if Eco (Atlantic) Oil & Gas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Eco (Atlantic) Oil & Gas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Eco (Atlantic) Oil & Gas 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 Eco (Atlantic) Oil & Gas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eco (Atlantic) Oil & Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eco (Atlantic) Oil & Gas 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 Eco (Atlantic) Oil & Gas'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
Gil Holzman
COMPENSATION CA$472,509
AGE 46
TENURE AS CEO 7.4 years
CEO Bio

Mr. Gil Holzman has been the Chief Executive Officer and President at Eco (Atlantic) Oil & Gas Ltd., an affiliate of Eco Oil & Gas (Namibia) (Pty) Ltd. since November 25, 2011. Mr. Holzman has been the Chief Executive Officer of Gil Holzman Holdings since 2008. He has many years of significant experience in the mining and energy resource sectors throughout Africa. He has managed a portfolio of publicly listed mining and exploration companies (copper, cobalt, gold, iron ore and oil and gas). He Founded GP Minerals Limited in 2008. He served as Deputy Chief Executive Officer of Middle East Region, Bombardier, Israel from 2006 to 2007. Mr. Holzman has been an Executive Director of Eco (Atlantic) Oil & Gas Ltd. since November 25, 2011 and Gil Holzman Holdings since 2008.

CEO Compensation
  • Gil's compensation has increased in line with Eco (Atlantic) Oil & Gas recently becoming profitable.
  • Gil's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Eco (Atlantic) Oil & Gas management team in years:

3.8
Average Tenure
46
Average Age
  • The tenure for the Eco (Atlantic) Oil & Gas management team is about average.
Management Team

Gil Holzman

TITLE
CEO, President & Executive Director
COMPENSATION
CA$473K
AGE
46
TENURE
7.4 yrs

Gadi Levin

TITLE
CFO & Director
COMPENSATION
CA$107K
AGE
45
TENURE
1.8 yrs

Colin Kinley

TITLE
COO & Director
COMPENSATION
CA$400K
AGE
58
TENURE
7.8 yrs

Alan Friedman

TITLE
Executive VP
COMPENSATION
CA$199K
AGE
46
TENURE
3.8 yrs

Derek Linfield

TITLE
Consultant
COMPENSATION
CA$13K
AGE
61
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Eco (Atlantic) Oil & Gas board of directors in years:

7.4
Average Tenure
58.5
Average Age
  • The tenure for the Eco (Atlantic) Oil & Gas board of directors is about average.
Board of Directors

Peter Peterburg

TITLE
Non-Executive Chairman
COMPENSATION
CA$157K
AGE
65
TENURE
8.3 yrs

Gil Holzman

TITLE
CEO, President & Executive Director
COMPENSATION
CA$473K
AGE
46
TENURE
7.4 yrs

Gadi Levin

TITLE
CFO & Director
COMPENSATION
CA$107K
AGE
45
TENURE
2.3 yrs

Colin Kinley

TITLE
COO & Director
COMPENSATION
CA$400K
AGE
58
TENURE
7.4 yrs

Alan Friedman

TITLE
Executive VP
COMPENSATION
CA$199K
AGE
46
TENURE
7.3 yrs

Peter Nicol

TITLE
Non-Executive Director
COMPENSATION
CA$63K
AGE
61
TENURE
6.9 yrs

Helmut Angula

TITLE
Director
COMPENSATION
CA$46K
AGE
71
TENURE
7.4 yrs

Keith Hill

TITLE
Director
AGE
59
TENURE
1.3 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 (£)
10. Apr 19 Buy Africa Oil Corp. Company 10. Apr 19 10. Apr 19 4,752,850 £0.79 £3,777,561
15. Nov 18 Sell Alan Rootenberg Individual 12. Nov 18 12. Nov 18 -16,500 £0.50 £-8,250
X
Management checks
We assess Eco (Atlantic) Oil & Gas'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. Eco (Atlantic) Oil & Gas 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

Company Info

Description

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties. The company holds a 40% working interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin, the Co-Operative Republic of Guyana; a 25% working interest in the Cooper block covering 1,100 kilometers located in Namibia; and interests in four offshore petroleum licenses totaling approximately 25,000 square kilometers located in the Republic of Namibia. Eco (Atlantic) Oil & Gas Ltd. is headquartered in Toronto, Canada.

Details
Name: Eco (Atlantic) Oil & Gas Ltd.
ECO
Exchange: AIM
Founded:
CA$146,366,131
180,565,225
Website: http://www.ecooilandgas.com
Address: Eco (Atlantic) Oil & Gas Ltd.
181 Bay Street,
Suite 320,
Toronto,
Ontario, M5J 2T3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV EOG Common Shares TSX Venture Exchange CA CAD 30. Nov 2011
OTCPK ECAO.F Common Shares Pink Sheets LLC US USD 30. Nov 2011
BST EOI Common Shares Boerse-Stuttgart DE EUR 30. Nov 2011
AIM ECO Common Shares London Stock Exchange AIM Market GB GBP 30. Nov 2011
Number of employees
Current staff
Staff numbers
0
Eco (Atlantic) Oil & Gas employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:30
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/05
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.