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Last C$0.95 CAD
Change Today 0.00 / 0.00%
Volume 224.5K
CVI/A On Other Exchanges
Symbol
Exchange
OTC US
Stuttgart
As of 3:51 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

calvalley petroleum inc - a (CVI/A) Snapshot

Open
C$0.95
Previous Close
C$0.95
Day High
C$0.96
Day Low
C$0.95
52 Week High
05/6/14 - C$1.55
52 Week Low
03/31/15 - C$0.62
Market Cap
70.7M
Average Volume 10 Days
275.5K
EPS TTM
C$0.01
Shares Outstanding
74.4M
EX-Date
08/27/14
P/E TM
78.5x
Dividend
--
Dividend Yield
7.37%
Current Stock Chart for CALVALLEY PETROLEUM INC - A (CVI/A)

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calvalley petroleum inc - a (CVI/A) Details

Calvalley Petroleum Inc. engages in the exploration, development, production, and sale of oil and gas in the Republic of Yemen. It holds a 50% working interest in production sharing agreement for Block 9 covering approximately 2,234 square kilometers of land located in the Republic of Yemen. The company is headquartered in Calgary, Canada.

146 Employees
Last Reported Date: 03/2/15

calvalley petroleum inc - a (CVI/A) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $545.8K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: $228.9K
Compensation as of Fiscal Year 2014.

calvalley petroleum inc - a (CVI/A) Key Developments

Calvalley Petroleum Inc. Receives Notice from Block 51 Operator to Shut-Down Facilities

Calvalley Petroleum Inc. announced that it has received formal notice from the operator of Block 51 of their intention to suspend operations at Block 51 and to shut-down the facilities. This action is being taken by the operator due to the relinquishment of the entire contract area under the Block 51 production sharing agreement. As a result of the intended shut-down of the facilities at Block 51, Calvalley will be securing the facilities at the truck off-loading site located adjacent to the Block 51 facilities. The company will continue to truck its crude oil production to Block 18 for export.

Calvalley Petroleum Inc. Reports Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014

Calvalley Petroleum Inc. reported earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue (gross) of $19,964,000 compared to $25,065,000 a year ago. Revenue from crude oil sales (net of royalties) was $12,511,000 compared to $15,707,000 a year ago. Adjusted EBITDA was $3,739,000 compared to $9,451,000 a year ago. Operating loss was $87,207,000 compared to operating income of $7,524,000 a year ago. Loss was $88,444,000 or $1.18 per share compared to earnings of $5,999,000 or $0.08 per share a year ago. Capital expenditures were $2,332,000 compared to $2,815,000 a year ago. Funds flow from operations were $2,598,000 or $0.03 per share compared to $8,042,000 or $0.10 per share a year ago. Cash flow from operating activities was $5,056,000 compared to $6,267,000 a year ago. For the year, the company reported revenue (gross) of $39,851,000 compared to $92,960,000 a year ago. Revenue from crude oil sales (net of royalties) was $24,984,000 compared to $58,264,000 a year ago. Adjusted EBITDA was $7,133,000 compared to $36,477,000 a year ago. Operating loss was $85,720,000 compared to operating income of $29,063,000 a year ago. Loss was $87,911,000 or $1.14 per share compared to earnings of $23,176,000 or $0.28 per share a year ago. Capital expenditures were $6,784,000 compared to $9,588,000 a year ago. Funds flow from operations were $5,163,000 or $0.07 per share compared to $31,179,000 or $0.38 per share a year ago. Cash flow from operating activities was $5,564,000 compared to $30,360,000 a year ago. For the fourth quarter of 2014 production volumes were 1,760 barrels per day compared to 2,390 barrels per day in the comparable period of 2013. The decline in production year over year is due to a combination of the shut-in of the Al Roidhat field, due to marketing restrictions, and production curtailments experienced during the year. For the year, the company's working interest share of production volumes before royalties and taxes averaged 1,430 barrels per day for the year representing a 43% decline from 2,520 barrels per day for 2013.

The Alberta Securities Commission Dismisses Illegal Insider Trading Allegations Against Calvalley Petroleum Inc. and Others

The Alberta Securities Commission (ASC) has dismissed allegations of illegal insider trading against Calvalley Petroleum Inc., Memet Kont, Kevin Dougald MacArthur and Edmund Shimoon. Allegations that Shimoon made a prohibited undertaking to an investor, and that Shimoon and Kont dealt improperly with Calvalley's board of directors were also dismissed. An ASC panel did find that Shimoon breached Alberta securities laws and acted contrary to the public interest by making an untrue statement to ASC staff in the course of their investigation. All other allegations of Shimoon making misleading or untrue statements to ASC staff were dismissed. ASC staff and Shimoon have until March 6, 2015 to submit their views on a timetable for providing evidence and submissions on what, if any, orders for sanctions and costs ought to be made against Shimoon.

 

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CVI/A

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Valuation CVI/A Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.3x
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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