Freedom Oil and Gas Ltd, a development stage independent oil and gas company, engages in the exploration and production of oil and gas in the United States.
The last earnings update was 77 days ago.
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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Freedom Oil and Gas. This is due to cash flow or dividend data being
unavailable. The share price is
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
Freedom Oil and Gas's
is considered below, and whether this is a fair price.
Price based on past earnings
Freedom Oil and Gas's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Freedom Oil and Gas 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
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
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Freedom Oil and Gas
expected to grow at an
Unable to compare Freedom Oil and Gas's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Freedom Oil and Gas's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Freedom Oil and Gas's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Freedom Oil and Gas is high growth as no earnings estimate data is available.
Unable to determine if Freedom Oil and 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.
While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Freedom Oil and Gas's filings and announcements here.
Freedom Oil and Gas's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Oil and Gas
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Freedom Oil and Gas
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Freedom Oil and Gas's finances.
The net worth of a company is the difference between its assets and liabilities.
Freedom Oil and Gas's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Freedom Oil and Gas's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Freedom Oil and 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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 1x debt.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. James Russell Porter, also known as Russ, has been Consultant of Gastar Exploration Inc. since February 26, 2018. Mr. Porter has been the President and Chief Executive Officer of Freedom Oil and Gas Ltd. since January 14, 2019 and it's Director since January 15, 2019. He served as the President and Chief Executive Officer of Gastar Exploration Inc. from February 24, 2004 to February 26, 2018. Mr. Porter actively participates in all facets of the Gastar Exploration's business and has a significant impact on both its business strategy and daily operations. He has an energy focused background, with approximately 19 years of natural gas and oil exploration and production experience and five years of banking and investment experience specializing in the energy sector. He has experience in managing natural gas and oil assets and as well as relationships with chief executives and other senior management of natural gas and oil companies and oilfield service companies throughout the United States. Mr. Porter served as the Chief Operating Officer of Gastar Exploration, Inc. from September 2000 to February 24, 2004. He served as Vice President of Corporate Development at Geostar Corp. He served as an Executive Vice President of Forcenergy, Inc. from April 1994 to September 2000. He served as Vice President of Corporate Development at Forcenergy, Inc. from October 1995 to June 1997 and served as its Vice President of Financial Planning and Analysis from April 1994 to October 1995. Mr. Porter served as Vice President of the Natural Resources Group of Internationale Nederlanden (U.S.) Capital Corp. in New York since January 1992. From July 1990 to December 1991, he served as an Associate in the Energy Group of Manufacturers Hanover and Chemical Bank. He served as the Chairman of Gastar Exploration Inc. from August 2006 to January 2010. He has been a Director of Stallion Oilfield Services Ltd. since February 2010. He served as Director of Petrel Energy Limited since July 29, 2014 until November 29, 2018. He served as Director of Gastar Exploration Inc. from February 24, 2004 to February 27, 2018. He serves as a Director of Stallion Oilfield Holdings, Inc. and Caza Oil & Gas, Inc. Mr. Porter holds Bachelor of Science degree in Petroleum Land Management from Louisiana State University and an MBA from the Kenan-Flagler School of Business at the University of North Carolina at Chapel Hill.
Insufficient data for Russ to compare compensation growth.
Insufficient data for Russ to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
Freedom Oil and Gas
management team in years:
The average tenure for the Freedom Oil and Gas management team is less than 2 years, this suggests a new team.
Controller and Accounting Manager
Vice President of Operations
Board of Directors Tenure
Average tenure and age of the
Freedom Oil and Gas
board of directors in years:
The average tenure for the Freedom Oil and Gas board of directors is less than 3 years, this suggests a new board.
Freedom Oil and Gas Ltd, a development stage independent oil and gas company, engages in the exploration and production of oil and gas in the United States. As of December 31, 2018, its leasehold position totaled 9,337 net acres of undeveloped land located in the Eagle Ford Shale play in Dimmit County, South Texas. The company was formerly known as Maverick Drilling & Exploration Limited and changed its name to Freedom Oil and Gas Ltd in November 2016. Freedom Oil and Gas Ltd was founded in 2007 and is headquartered in Houston, Texas.
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