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Freedom Oil and Gas

OTCPK:FDMQ.Y
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FDMQ.Y
OTCPK
A$58M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

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. More info.


Add to Portfolio Compare Print
  • Freedom Oil and Gas has significant price volatility in the past 3 months.
FDMQ.Y Share Price and Events
7 Day Returns
-14.8%
OTCPK:FDMQ.Y
-1.6%
US Oil and Gas
-3.9%
US Market
1 Year Returns
-
OTCPK:FDMQ.Y
-16.8%
US Oil and Gas
1.4%
US Market
FDMQ.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Freedom Oil and Gas (FDMQ.Y) -14.8% -33.3% - - - -87.5%
US Oil and Gas -1.6% -6.5% -1.2% -16.8% -2.4% -33.6%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • No trading data on FDMQ.Y.
  • No trading data on FDMQ.Y.
Price Volatility
FDMQ.Y
Industry
5yr Volatility vs Market

FDMQ.Y Value

 Is Freedom Oil and 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 Freedom Oil and Gas. This is due to cash flow or dividend data being unavailable. The share price is $0.52.
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 earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Freedom Oil and Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:FDMQ.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.00
ASX:FDM Share Price ** ASX (2019-05-10) in AUD A$0.05
ASX:FDM Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.693 $0.04
United States of America Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 12.46x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

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

** Primary Listing of Freedom Oil and Gas.

OTCPK:FDMQ.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:FDM Share Price ÷ EPS (both in USD)

= 0.04 ÷ 0.00

-39.44x

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

  • Freedom Oil and Gas is loss making, we can't compare its value to the US Oil and Gas industry average.
  • Freedom Oil and Gas is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Freedom Oil and Gas's expected growth come at a high price?
Raw Data
OTCPK:FDMQ.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -39.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.52x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*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 Freedom Oil and Gas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Freedom Oil and Gas's assets?
Raw Data
OTCPK:FDMQ.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.06
ASX:FDM Share Price * ASX (2019-05-10) in AUD A$0.05
ASX:FDM Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.693 $0.04
United States of America Oil and Gas Industry PB Ratio Median Figure of 194 Publicly-Listed Oil and Gas Companies 1.01x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:FDMQ.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:FDM Share Price ÷ Book Value per Share (both in USD)

= 0.04 ÷ 0.06

0.65x

* Primary Listing of Freedom Oil and Gas.

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

  • Freedom Oil and Gas is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Freedom Oil and 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. Freedom Oil and Gas 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.

FDMQ.Y Future Performance

 How is Freedom Oil and Gas 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 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 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
12.4%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Freedom Oil and Gas expected to grow at an attractive rate?
  • 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.
Annual Growth Rates Comparison
Raw Data
OTCPK:FDMQ.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:FDMQ.Y 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:FDMQ.Y Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 22 9 -1
2018-09-30 15 3 -7
2018-06-30 8 -3 -13
2018-03-31 6 -4 -12
2017-12-31 4 -5 -12
2017-06-30 -4 -8
2017-03-31 -6 -9
2016-12-31 -7 -9
2016-06-30 -6 -7 1
2016-03-31 -3 -7 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 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.
Raw Data
OTCPK:FDMQ.Y 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 Freedom Oil and Gas Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FDMQ.Y Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.00
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.02
2016-06-30 0.00
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 Freedom Oil and Gas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Freedom Oil and Gas'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
  2. 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.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Freedom Oil and 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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Freedom Oil and 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.

FDMQ.Y Past Performance

  How has Freedom Oil and 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 Freedom Oil and 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.
  • Freedom Oil and Gas does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Freedom Oil and Gas's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Freedom Oil and Gas's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Freedom Oil and 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 Freedom Oil and Gas Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FDMQ.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 21.79 -0.92 9.87
2018-09-30 14.72 -7.15 9.79
2018-06-30 7.66 -13.37 9.04
2018-03-31 5.89 -12.48 7.96
2017-12-31 4.11 -11.59 7.57
2017-06-30 -7.69 6.94
2017-03-31 -8.56 7.44
2016-12-31 -9.43 7.95
2016-06-30 -6.17 0.90 7.88
2016-03-31 -3.08 -5.53 9.64
2015-12-31 -11.96 11.40
2014-12-31 25.36 -37.35 14.02
2014-06-30 43.81 -20.06 19.97
2014-03-31 39.92 -9.03 17.84
2013-12-31 36.04 2.00 15.71
2013-09-30 31.75 2.89 10.76
2013-06-30 27.46 3.77 5.81
2013-03-31 24.24 3.74 5.47
2012-12-31 21.01 3.72 5.12
2012-09-30 21.63 5.16 5.01
2012-06-30 22.25 6.61 4.90

*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 Freedom Oil and Gas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Freedom Oil and Gas used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Freedom Oil and Gas 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 Freedom Oil and 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.
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.

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

FDMQ.Y Health

 How is Freedom Oil and 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 Freedom Oil and Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
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 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.
  • Debt is covered by short term assets, assets are 1x debt.
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 Freedom Oil and Gas Company Filings, last reported 4 months ago.

OTCPK:FDMQ.Y Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 62.01 17.41 13.57
2018-09-30 62.01 17.41 13.57
2018-06-30 37.25 15.30 9.85
2018-03-31 37.25 15.30 9.85
2017-12-31 39.47 10.74 25.97
2017-06-30 23.36 0.01 11.73
2017-03-31 23.36 0.01 11.73
2016-12-31 27.04 0.02 18.45
2016-06-30 21.81 0.19 4.23
2016-03-31 21.81 0.19 4.23
2015-12-31 62.37 0.14 13.44
2014-12-31 101.56 0.10 28.58
2014-06-30 118.77 1.21 45.65
2014-03-31 118.77 1.21 45.65
2013-12-31 117.58 3.51 34.77
2013-09-30 117.58 3.51 34.77
2013-06-30 110.42 5.40 40.14
2013-03-31 110.42 5.40 40.14
2012-12-31 107.68 7.75 55.64
2012-09-30 107.68 7.75 55.64
2012-06-30 57.75 9.37 19.86
  • Freedom Oil and Gas's level of debt (28.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3% vs 28.1% today).
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.

  • Freedom Oil and Gas has less than a year of cash runway based on current free cash flow.
  • Freedom Oil and Gas has less than a year of cash runway if free cash flow continues to grow at historical rates of 36.6% each year.
X
Financial health checks
We assess Freedom Oil and 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. Freedom Oil and Gas has a total score of 1/6, 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.

FDMQ.Y Dividends

 What is Freedom Oil and 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 Freedom Oil and Gas dividends.
If you bought $2,000 of Freedom Oil and 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 Freedom Oil and Gas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Freedom Oil and 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
OTCPK:FDMQ.Y 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
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

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 Freedom Oil and Gas has not reported any payouts.
  • Unable to verify if Freedom Oil and Gas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Freedom Oil and Gas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Freedom Oil and 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 Freedom Oil and Gas'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 Freedom Oil and Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Freedom Oil and 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.

FDMQ.Y Management

 What is the CEO of Freedom Oil and 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
Russ Porter
AGE 56
TENURE AS CEO 0.3 years
CEO Bio

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.

CEO Compensation
  • 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:

1.3
Average Tenure
56
Average Age
  • The average tenure for the Freedom Oil and Gas management team is less than 2 years, this suggests a new team.
Management Team

Russ Porter

TITLE
President
AGE
56
TENURE
0.3 yrs

Lloyd DeLano

TITLE
Controller and Accounting Manager
AGE
67

Mark Mabile

TITLE
Vice President of Operations
TENURE
1.3 yrs

Andrew Crawford

TITLE
Company Secretary
COMPENSATION
$189K
AGE
36
TENURE
9.3 yrs
Board of Directors Tenure

Average tenure and age of the Freedom Oil and Gas board of directors in years:

0.3
Average Tenure
56
Average Age
  • The average tenure for the Freedom Oil and Gas board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Yeager

TITLE
Non-Executive Chairman
COMPENSATION
$800K
AGE
65
TENURE
5.6 yrs

Russ Porter

TITLE
President
AGE
56
TENURE
0.3 yrs

Lee Clarke

TITLE
Vice Chairman
COMPENSATION
$52K
AGE
49
TENURE
0.3 yrs

Winston Talbert

TITLE
Independent Director
AGE
56
TENURE
0.4 yrs

Nigel Smith

TITLE
Independent Non-Executive Director
COMPENSATION
$75K
AGE
60
TENURE
4.2 yrs

David Casey

TITLE
Independent Non-Executive Director
TENURE
0.1 yrs

Heath Sumrow

TITLE
Independent Non-Executive Director
TENURE
0.1 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 ($) Value ($)
X
Management checks
We assess Freedom Oil and 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. Freedom Oil and 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.

FDMQ.Y News

Simply Wall St News

FDMQ.Y Company Info

Description

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.

Details
Name: Freedom Oil and Gas Ltd
FDMQ.Y
Exchange: OTCPK
Founded: 2007
A$40,312,759
1,077,022,552
Website: http://www.freedomog.com
Address: Freedom Oil and Gas Ltd
5151 San Felipe,
Suite 800,
Houston,
Texas, 77056,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX FDM Ordinary Shares Australian Securities Exchange AU AUD 08. Sep 2010
OTCPK FDMQ.F Ordinary Shares Pink Sheets LLC US USD 08. Sep 2010
DB 7MD Ordinary Shares Deutsche Boerse AG DE EUR 08. Sep 2010
CHIA FDM Ordinary Shares Chi-X Australia AU AUD 08. Sep 2010
OTCPK FDMQ.Y SPONSORED ADR Pink Sheets LLC US USD 14. Jan 2014
Number of employees
Current staff
Staff numbers
17
Freedom Oil and Gas employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:36
End of day share price update: 2019/05/10 00:00
Last earnings filing: 2019/02/28
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.