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Forza Petroleum Ltd

Company price
None CAD 0.00(0%)
Last update at 2024-03-05T20:00:18.981410Z
Market Cap
87.76M

Momentum Score

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Forza Petroleum Limited engages in the acquisition, exploration, development, commercialization, and production of crude oil and natural gas in the Middle East. The company has a 65% participating and working interest in the Hawler license area located in the Kurdistan Region of Iraq. The company was formerly known as Oryx Petroleum Corporation Limited and changed its name to Forza Petroleum Limited in December 2020. Forza Petroleum Limited was founded in 2010 and is based in Calgary, Canada. Forza Petroleum Limited is a subsidiary of Zeg Oil and Gas Limited.

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52 Week Price Range
0.08
Low
0.28
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
0.15
Dividend Yield
-
Revenue TTM
71.58M
Revenue Per Share
0.12
Gross Profit TTM
154.12M
Debt / Equity
0.01
ROE
-94.43%
Net Debt
-71.10M
ROCE
92.05%
Diluted EPS TTM
-0.78

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -131.49M 13.89M -106.95M -55.83M 45.97M
Minority interest - - - - 0.00M
Net income -137.98M 10.27M -108.74M -59.20M 43.75M
Selling general administrative 8.19M 5.66M 9.49M 12.01M 11.92M
Gross profit 142.03M 72.60M 24.35M 62.34M 40.74M
Reconciled depreciation 49.23M 38.25M 22.94M 21.93M 13.94M
Ebit 323.16M 69.49M -14.69M 5.01M 57.46M
Ebitda 372.38M 107.74M 8.25M 26.94M 71.39M
Depreciation and amortization 49.23M 38.25M 22.94M 21.93M 13.94M
Operating income 323.16M 69.49M -14.69M 5.01M 61.16M
Other operating expenses 228.00M 146.23M 94.06M 144.59M 89.10M
Interest expense 0.13M 0.25M 5.18M 8.25M 11.48M
Tax provision 6.50M 3.62M 1.79M 3.37M 2.22M
Interest income 0.13M 0.04M 7.40M 8.49M 12.07M
Net interest income 0.13M 0.25M -7.78M -9.14M -12.11M
Income tax expense 6.50M 3.62M 1.79M 3.37M 2.22M
Total revenue 323.77M 187.80M 81.96M 150.50M 97.64M
Total operating expenses 46.26M 31.04M 36.45M 56.43M 32.20M
Cost of revenue 181.74M 115.19M 57.60M 88.16M 56.90M
Total other income expense net -454.64M -55.60M -92.26M -60.84M -15.19M
Net income from continuing ops -137.98M 10.27M -108.74M -59.20M 43.75M
Net income applicable to common shares -137.98M 10.27M -108.74M -59.20M 43.75M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 448.18M 587.73M 605.41M 768.25M 812.98M
Intangible assets 51.35M 47.75M 0.01M 0.02M 0.03M
Other current assets 0.92M 1.10M 0.99M 0.73M 14.47M
Total liab 117.44M 120.90M 149.03M 209.20M 203.44M
Total stockholder equity 330.74M 466.83M 456.38M 559.05M 609.54M
Other current liab 89.89M 15.36M 32.04M 42.19M 65.99M
Common stock 1365.47M 1363.22M 1362.63M 1361.04M 1353.22M
Capital stock 1365.47M 1363.22M 1362.63M 1361.04M 1353.22M
Retained earnings -1056.80M -913.53M -923.80M -815.06M -755.86M
Other liab 20.34M 96.09M 97.88M 80.98M 56.90M
Other assets 0.25M 0.24M 0.23M 0.22M 0.24M
Cash 71.10M 24.67M 13.16M 8.91M 14.41M
Cash and equivalents 71.10M 24.67M 13.16M 8.91M 14.41M
Total current liabilities 97.10M 24.80M 51.16M 128.22M 69.91M
Net debt -71.10M -24.67M -8.16M 70.97M 62.21M
Short term debt 0.00M 0.00M 5.00M 79.88M 0.00M
Short long term debt - - 5.00M 79.88M -
Short long term debt total - - 5.00M 79.88M 76.62M
Other stockholder equity 22.07M 17.14M 17.55M 13.06M 12.17M
Property plant equipment 247.34M 469.52M 506.98M 611.55M 651.58M
Total current assets 149.25M 70.22M 49.31M 54.67M 61.29M
Net tangible assets 279.39M 419.08M 407.49M 457.25M 509.66M
Net receivables 62.50M 34.48M 26.03M 34.46M 23.02M
Long term debt - - - 0.00M 76.62M
Inventory 12.97M 9.21M 8.79M 9.42M 9.39M
Accounts payable 7.21M 9.45M 14.11M 6.15M 3.92M
Accumulated other comprehensive income 22.07M 17.14M 17.55M 13.06M 12.17M
Non currrent assets other - - - - -0.01M
Non current assets total 298.93M 517.51M 556.10M 713.58M 751.69M
Long term debt total 0.00M 0.00M 0.00M 0.00M 76.62M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -65.52M -34.67M -18.83M -35.06M -32.81M
Change to liabilities 0.00M 0.00M 0.00M 0.00M 0.00M
Total cashflows from investing activities -65.52M -34.67M -18.83M -35.06M -32.81M
Net borrowings - -5.00M 5.00M 5.00M 5.00M
Total cash from financing activities 0.00M -5.00M 0.97M 1.43M 0.55M
Change to operating activities -28.63M -20.70M 8.44M 1.25M -15.11M
Net income -137.98M 10.27M -108.74M -59.20M 43.75M
Change in cash 46.43M 11.51M 4.25M -5.50M -24.16M
Begin period cash flow 24.67M 13.16M 8.91M 14.41M 38.57M
End period cash flow 71.10M 24.67M 13.16M 8.91M 14.41M
Total cash from operating activities 111.95M 51.19M 22.10M 28.14M 8.10M
Issuance of capital stock - - 0.00M 1.43M 1.28M
Depreciation 49.23M 38.25M 112.79M 75.55M 13.94M
Other cashflows from investing activities - - - -1.07M 1.42M
Dividends paid - - 0.00M - -
Sale purchase of stock - - 0.00M 1.43M 1.28M
Other cashflows from financing activities -65.52M -5.00M -18.83M -35.06M -0.73M
Change to netincome 8.76M -9.07M 96.89M 9.42M 18.86M
Capital expenditures 65.52M 34.67M 18.83M 33.99M 39.50M
Change in working capital -28.63M -20.70M 8.44M 1.25M -15.11M
Stock based compensation 0.92M 0.13M 2.65M 1.83M 1.34M
Other non cash items 228.43M 23.25M 119.76M 84.25M -21.91M
Free cash flow 46.43M 16.51M 3.27M -5.85M -31.40M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CNQ
Canadian Natural Resources Ltd
-0.05
0.07%
69.15 11.45 12.38 3.26 2.78 3.15 6.36
OXY
Occidental Petroleum CDR (CAD Hedged)
-0.32
1.34%
23.48 42.29 13.11 2.65 2.04 3.96 7.33
TOU
Tourmaline Oil Corp.
-0.09
0.14%
62.91 87.74 15.80 5.03 1.50 3.97 7.33
OVV
Ovintiv Inc
-1.86
2.12%
85.81 11.06 7.80 2.46 1.34 2.39 6.40

Profile*

Forza Petroleum Ltd

Forza Petroleum Limited engages in the acquisition, exploration, development, commercialization, and production of crude oil and natural gas in the Middle East. The company has a 65% participating and working interest in the Hawler license area located in the Kurdistan Region of Iraq. The company was formerly known as Oryx Petroleum Corporation Limited and changed its name to Forza Petroleum Limited in December 2020. Forza Petroleum Limited was founded in 2010 and is based in Calgary, Canada. Forza Petroleum Limited is a subsidiary of Zeg Oil and Gas Limited.

3400 First Canadian Centre 350, Calgary, AB, Canada, T2P 3N9

Name Title Year Born
Mr. Vance Querio Chief Exec. Officer NA
Ms. Lindsey Palma Rosebush Head of Fin. NA
Mr. Kevin William McPhee Gen. Counsel & Corp. Sec. NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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