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Fortem Resources

OTCPK:FTMR
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FTMR
OTCPK
$184M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Fortem Resources Inc. engages in the acquisition, exploration, and development of oil and gas properties in the United States and Canada. The last earnings update was 196 days ago. More info.


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  • Fortem Resources has significant price volatility in the past 3 months.
FTMR Share Price and Events
7 Day Returns
0%
OTCPK:FTMR
-1.5%
US Oil and Gas
-0.9%
US Market
1 Year Returns
-50%
OTCPK:FTMR
-16.7%
US Oil and Gas
3.8%
US Market
FTMR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fortem Resources (FTMR) 0% -6.8% -20.6% -50% - 150%
US Oil and Gas -1.5% -1.6% -8.9% -16.7% -4.1% -37.7%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • FTMR underperformed the Oil and Gas industry which returned -16.7% over the past year.
  • FTMR underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
FTMR
Industry
5yr Volatility vs Market

FTMR Value

 Is Fortem 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 Fortem Resources. This is due to cash flow or dividend data being unavailable. The share price is $1.5.
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 Fortem Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fortem Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:FTMR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in USD $-0.01
OTCPK:FTMR Share Price ** OTCPK (2019-07-23) in USD $1.5
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 12.79x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

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

** Primary Listing of Fortem Resources.

OTCPK:FTMR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:FTMR Share Price ÷ EPS (both in USD)

= 1.5 ÷ -0.01

-129.2x

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

  • Fortem Resources is loss making, we can't compare its value to the US Oil and Gas industry average.
  • Fortem Resources 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 Fortem Resources's expected growth come at a high price?
Raw Data
OTCPK:FTMR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -129.2x
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 79 Publicly-Listed Oil and Gas Companies 0.38x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*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 Fortem Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fortem Resources's assets?
Raw Data
OTCPK:FTMR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in USD $0.05
OTCPK:FTMR Share Price * OTCPK (2019-07-23) in USD $1.5
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1.02x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
OTCPK:FTMR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:FTMR Share Price ÷ Book Value per Share (both in USD)

= 1.5 ÷ 0.05

27.74x

* Primary Listing of Fortem Resources.

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

  • Fortem Resources is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Fortem 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. Fortem Resources 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.

FTMR Future Performance

 How is Fortem 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 Fortem 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
12.9%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fortem Resources expected to grow at an attractive rate?
  • Unable to compare Fortem Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Fortem Resources's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Fortem Resources's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:FTMR 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 12.9%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
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:FTMR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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:FTMR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-30 -1 -1
2018-08-31 -1 -2
2018-05-31 0 -4
2018-02-28 -1 -8
2017-11-30 -1 -10
2017-08-31 0 -10
2017-05-31 0 -8
2017-02-28 0 -3
2016-11-30 0 -1
2016-08-31 0 0
2016-05-31 0 -1
2016-02-29 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Fortem Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Fortem 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
OTCPK:FTMR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Fortem Resources Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FTMR Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-30 -0.01
2018-08-31 -0.02
2018-05-31 -0.03
2018-02-28 -0.08
2017-11-30 -0.12
2017-08-31 -0.15
2017-05-31 -0.18
2017-02-28 -0.09
2016-11-30 -0.03
2016-08-31 -0.01
2016-05-31 -0.02
2016-02-29 -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 Fortem Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of FTMR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Fortem 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. 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 Fortem Resources's filings and announcements 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 Fortem 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 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.
Fortem 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.

FTMR Past Performance

  How has Fortem Resources performed over the past 5 years?

  • Fortem Resources's last earnings update was 196 days ago.
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 Fortem 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.
  • Fortem Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Fortem Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Fortem Resources's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Fortem 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 Fortem Resources Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FTMR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 -1.38 1.33
2018-08-31 -2.15 2.11
2018-05-31 -3.60 1.95
2018-02-28 -8.31 1.93
2017-11-30 -10.00 1.84
2017-08-31 -9.66 0.89
2017-05-31 -7.58 0.71
2017-02-28 -2.72 0.49
2016-11-30 -0.98 0.43
2016-08-31 -0.39 0.47
2016-05-31 -0.52 0.53
2016-02-29 -0.37 0.58
2015-11-30 -0.37 0.61
2015-08-31 -0.12 0.50
2015-05-31 -0.25 0.46
2015-02-28 -0.36 0.44
2014-11-30 -0.72 0.47
2014-08-31 -0.74 0.44
2014-05-31 -0.76 0.43
2014-02-28 -0.71 0.43
2013-11-30 -0.79 0.35
2013-08-31 -0.95 0.42
2013-05-31 -1.03 0.48
2013-02-28 -1.20 0.60
2012-11-30 -0.58 0.58
2012-08-31 -0.49 0.49

*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 Fortem 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 Fortem Resources has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Fortem 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 Fortem 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.
Fortem 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.

FTMR Health

 How is Fortem 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 Fortem Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fortem Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Fortem Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fortem 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.
  • Debt is covered by short term assets, assets are 2.6x 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 Fortem Resources Company Filings, last reported 7 months ago.

OTCPK:FTMR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 6.60 0.18 0.06
2018-08-31 4.44 0.08 0.59
2018-05-31 3.24 0.08 0.01
2018-02-28 2.76 0.58 0.18
2017-11-30 2.81 0.52 0.10
2017-08-31 -7.20 0.52 0.15
2017-05-31 -5.46 0.52 0.06
2017-02-28 -1.78 0.02 0.46
2016-11-30 -1.16 0.23 0.08
2016-08-31 -0.47 0.02 0.00
2016-05-31 -0.69 0.02 0.00
2016-02-29 -0.62 0.02 0.02
2015-11-30 -0.32 0.02 0.00
2015-08-31 -0.25 0.02
2015-05-31 -0.37 0.02 0.01
2015-02-28 -0.39 0.02 0.03
2014-11-30 0.03 0.03 0.07
2014-08-31 -0.56 0.65 0.01
2014-05-31 -0.71 0.64 0.03
2014-02-28 -0.64 0.57 0.04
2013-11-30 -0.14 0.55 0.00
2013-08-31 -0.19 0.53 0.07
2013-05-31 -0.16 0.54 0.06
2013-02-28 -0.41 0.55 0.00
2012-11-30 0.29 0.63 0.10
2012-08-31 0.36 0.57 0.20
  • Fortem Resources's level of debt (2.7%) compared to net worth is satisfactory (less than 40%).
  • Fortem Resources had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
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.

  • Fortem Resources has less than a year of cash runway based on current free cash flow.
  • Fortem Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 60.5% each year.
X
Financial health checks
We assess Fortem 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. Fortem Resources has a total score of 3/6, 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.

FTMR Dividends

 What is Fortem 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 Fortem Resources dividends.
If you bought $2,000 of Fortem 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 Fortem Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fortem 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
OTCPK:FTMR 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 67 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

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

FTMR Management

 What is the CEO of Fortem 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
Marc Bruner
COMPENSATION $0
AGE 70
TENURE AS CEO 2 years
CEO Bio

Dr. Benjamin P. Chen, also known as Ben, Ph.D., served as Chief Executive Officer of ImaginAb, Inc. since January 11, 2016. Dr. Chen served as Chief Executive Officer of Vaxil Bio Ltd. until October 20, 2016. Dr. Chen serves as the Chief Scientific Officer of Burrill Greater China Group. Dr. Chen served as Chief Strategic Adviser of Insight Genetics, Inc. Dr. Chen served as Chief Executive Officer of Immune Targeting Systems (ITS) Limited and served as its Executive Chairman since September 2012. He served as Chief Strategy Officer of OncoHoldings, Inc. He served as International Director of Burrill International Group and Burrill & Company. Through his involvement with biotech startups, multinational pharmaceutical companies and the merchant bank activities while at Burrill & Company, he has extensive experience in assessing technology, in transferring discovery into clinic, in raising venture investment, in M&A and in establishing strategic partnerships between companies: biotech/biotech and biotech/Pharma. Dr. Chen has more than ten years of experience. Dr. Chen played a key role in the IPO of the first biotech startup that he joined and the acquisition of SyStemix and Sentinel Biosciences by Novartis and Roche Diagnostics, respectively. He has held executive management positions with both biotech and multinational pharmaceutical companies. Dr. Chen served as Managing Director of Burrill & Company. He served as R & D Scientist and served as a Member of the Senior Management team with start up biotechnology and large pharmaceutical companies. He served as Managing Director of Burrill Venture Capital. He serves as a Director of Carbonscape Limited. He served as Member of Scientific Advisory Board at Vaxil Bio Ltd. until December 2017. He served as Director a Mr. Mark Alan Bruner has been Chairman, Chief Executive Officer and President of Fortem Resources Inc., since July 17, 2017. Mr. Bruner is a Co-Owner at Blue Phoenix Energy, LLC. He is the Founder of Galaxy Energy Corp. He serves as Managing Director of MAB Companies. He was the Owner of PetroHunter Energy Corporation (formerly, GSL Energy Corporation). He served as the Chief Executive Officer and President of Nation Energy Inc. since September 15, 2015 until March 15, 2016. He served as the Chief Executive Officer and President of Falcon Oil & Gas Ltd. from April 1, 2005 to November 11, 2010. He was responsible for exploration responsible for development and negotiation of major commercial transactions with global oil and gas companies Halliburton, Burlington Northern, Marathon Oil, Western Gas, CNG, Exxon Mobil, Questar Gas and Hess Corporation Exploration Agreement. Mr. Bruner was a Co-Founder of Badlands Energy, Inc. and served as its Strategic Consultant until January 31, 2006 also Consultant. He served as Chief Operating Officer of Falcon Oil & Gas, Ltd. In 1996, he co-founded RIS Resources International. In 1997, he co-founded Pennaco Energy, Inc. He is a leader in the development of unconventional oil and gas projects worldwide, with over 30 years experience in the oil and gas industry. He serves as Chairman of the Board at Sustainable Food Development Ltd. He was Chairman and Director at MGX Minerals Inc. from January 30, 2017 until 2018. He served as Chairman of Falcon Oil & Gas Ltd. from April 1, 2005 to September 2009. From November 2004 to April 1, 2005, Mr. Bruner served as Chairman, Chief Executive Officer and President of Mako Energy Corporation (Mako). He served as the Chairman of the Board at Badlands Energy, Inc. since February 2001. From January 1996 to January 1999, he was Founding Chairman of the Board of Ultra Petroleum Corporation. He serves as a Director of Paltar Petroleum Limited. He has been a Director of Fortem Resources Inc., since July 17, 2017. He served as a Director of Badlands Energy, Inc. since February 2001 until 2010; RIS Resources International until 1997; Nation Energy Inc. since July 22, 2015 until March 15, 2016; Falcon Oil & Gas Ltd., since April 1, 2005 and LEK International Inc. Mr. Bruner attended Tulane University for three years with an emphasis in geology.t Vaxil Bio Ltd since January 08, 2016 until December 2017. Dr. Chen serves as a Director of Burrill Greater China Group. He serves as a Member of Scientific Advisory Board at OncoHoldings, Inc. He served as an Independent Director of Wex Pharmaceuticals Inc., from January 26, 2006 to August 2007. Dr. Chen is known for his work building talented scientific teams around programs in Immunology, Genomics, Virology, Gene Therapy and Cell Biology, at Roche Diagnostics, Sentinel Biosciences, Progenesys and SyStemix-a Novartis Company, collectively. Dr. Chen received Doctorate degree and Post-doctoral training from the University of Wisconsin-Madison and Stanford University, respectively.

CEO Compensation
  • Insufficient data for Marc to compare compensation growth.
  • Marc's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Fortem Resources management team in years:

3.1
Average Tenure
46
Average Age
  • The tenure for the Fortem Resources management team is about average.
Management Team

Marc Bruner

TITLE
Chairman
AGE
70
TENURE
2 yrs

Robert DaCunha

TITLE
Chief Financial Officer
AGE
44
TENURE
5.7 yrs

Michael Caetano

TITLE
COO, Treasurer
COMPENSATION
$151K
AGE
46
TENURE
2 yrs

Georg Magarian

TITLE
Vice President of Exploration
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure of the Fortem Resources board of directors in years:

0.9
Average Tenure
  • The average tenure for the Fortem Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Marc Bruner

TITLE
Chairman
AGE
70
TENURE
2 yrs

Michael Caetano

TITLE
COO, Treasurer
COMPENSATION
$151K
AGE
46
TENURE
6 yrs

Kon Vatskalis

TITLE
Director
TENURE
0.9 yrs

William Via

TITLE
Director
TENURE
0.9 yrs

Brett Matich

TITLE
Director
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
01. Nov 18 Sell Pacific Petroleum, LLC Company 20. Oct 18 20. Oct 18 -2,500,000 $0.00 $-7,245
X
Management checks
We assess Fortem 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. Fortem 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.

FTMR News

Simply Wall St News

FTMR Company Info

Description

Fortem Resources Inc. engages in the acquisition, exploration, and development of oil and gas properties in the United States and Canada. The company holds 100% working interest in the Compeer Property that comprise one productive well covering an area of 3,200 gross acres in the Compeer area of eastern Alberta; and 100% interest in the Godin property covering an area of approximately 12,960 acres located in the Godin area of Northern Alberta. It also holds 75% interest in the Black Dragon property covering an area of 165,000 acres located in the Moenkopi formation of the Carbon and Emery Counties, Utah; and 50% interest in the Rolling Rock Property covering an area of 130,942 acres located in the Mancos formation in the Southern Uinta Basin, Utah. The company was formerly known as Strongbow Resources Inc. and changed its name to Fortem Resources Inc. in March 2017. Fortem Resources Inc. was founded in 2004 and is based in Calgary, Canada.

Details
Name: Fortem Resources Inc.
FTMR
Exchange: OTCPK
Founded: 2004
$183,856,734
122,571,156
Website: http://www.fortemresources.com
Address: Fortem Resources Inc.
909-11th Avenue SW,
Suite 1020,
Calgary,
Alberta, T2R 0E7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK FTMR Common Shares Pink Sheets LLC US USD 13. Sep 2007
TSXV FTM Common Shares TSX Venture Exchange CA USD 13. Sep 2007
Number of employees
Current staff
Staff numbers
0
Fortem Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 01:55
End of day share price update: 2019/07/23 00:00
Last earnings filing: 2019/01/09
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/02/28


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.