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Last C$2.92 CAD
Change Today -0.10 / -3.31%
Volume 5.0M
LEG On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:00 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

legacy oil + gas inc (LEG) Snapshot

Open
C$2.93
Previous Close
C$3.02
Day High
C$2.97
Day Low
C$2.86
52 Week High
06/16/14 - C$10.03
52 Week Low
01/14/15 - C$1.17
Market Cap
583.2M
Average Volume 10 Days
7.0M
EPS TTM
C$-0.28
Shares Outstanding
199.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LEGACY OIL + GAS INC (LEG)

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legacy oil + gas inc (LEG) Details

Legacy Oil + Gas Inc., together with its subsidiaries, acquires, explores, exploits, develops, and produces petroleum and natural gas properties in Canada. Its principal properties are located in Williston Basin in southeast Saskatchewan; and Turner Valley in southern Alberta. The company also holds interests in the Maxhamish property located in northern British Columbia; and the Elmworth property located to the northwest of Edmonton, Alberta. As of December 31, 2014, the company had a total proved plus probable reserves of 154.1 MMBoe. The company was formerly known as Glamis Resources Ltd. and changed its name to Legacy Oil + Gas Inc. in November 2009. Legacy Oil + Gas Inc. was incorporated in 2005 and is headquartered in Calgary, Canada.

171 Employees
Last Reported Date: 03/25/15
Founded in 2005

legacy oil + gas inc (LEG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$350.0K
Chief Financial Officer and Vice-President of...
Total Annual Compensation: C$235.0K
Vice President of Operations
Total Annual Compensation: C$235.0K
Vice President of Land
Total Annual Compensation: C$235.0K
Vice President of Production
Total Annual Compensation: C$235.0K
Compensation as of Fiscal Year 2013.

legacy oil + gas inc (LEG) Key Developments

Legacy Oil + Gas Inc. Announces Earnings and Operating Results for the First Quarter Ended March 31, 2015; Provides Capital Program Guidance for 2015

Legacy Oil + Gas Inc. announced earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported petroleum and natural gas sales, net of royalties of CAD 80.174 million against CAD 142.626 million a year ago. Funds generated by operations were CAD 27.698 million or CAD 0.14 per diluted share against CAD 82.304 million or CAD 0.51 per diluted share a year ago. Net loss was CAD 56.666 million or CAD 0.28 per diluted share against net income of CAD 2.441 million or CAD 0.02 per diluted share a year ago. Capital expenditures ­ exploration and development were CAD 44.520 million against CAD 140.338 million a year ago. For the quarter, the company reported crude oil production of 18,252 Bbls per day compared to 16,635 Bbls per day produced in the same period last year. Production of heavy oil was 47 Bbls per day against 54 Bbls per day produced last year. Production of natural gas was 23,061 Mcf per day against 14,730 Mcf per day produced last year. Production of natural gas liquids was 2,476 Bbls per day against 1,948 Bbls per day produced last year. Production of oil equivalent was 24,649 Boe per day against 21,092 Boe per day reported last year. The criteria that it has been using on capital program in 2015 is to ensure that it again living within cash flow in the first half and second half of the year, enjoying highest-IRR, highest-return, lowest-risk prospects. The company is on track to spend within cash flow in the first half of the year as it guided. It is spending about 65% of cash flow in second quarter, which should see land basically spending within cash flow in the first half of the year.

Legacy Oil + Gas Inc., Q1 2015 Earnings Call, May 14, 2015

Legacy Oil + Gas Inc., Q1 2015 Earnings Call, May 14, 2015

Legacy Oil + Gas Inc. Announces Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Capital Expenditure and Production Guidance for the Year 2015

Legacy Oil + Gas Inc. announced audited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported funds generated by operations of CAD 81,903,000 or CAD 0.40 per diluted share compared to CAD 63,745,000 or CAD 0.40 per diluted share a year ago. Net loss was CAD 163,238,000 or CAD 0.82 per diluted share compared to CAD 7,531,000 or CAD 0.05 per diluted share a year ago. Capital expenditures – Exploration and development was CAD 58,293,000 compared to CAD 52,647,000 a year ago. Capital expenditures - Acquisitions and dispositions was CAD 5,000 compared to CAD 53,000 a year ago. For the year, the company reported funds generated by operations of CAD 334,588,000 or CAD 1.83 per diluted share compared to CAD 277,108,000 or CAD 1.78 per diluted share a year ago. Net loss was CAD 128,270,000 or CAD 0.71 per diluted share compared to CAD 12,070,000 or CAD 0.08 per diluted share a year ago. Capital expenditures – Exploration and development was CAD 404,231,000 compared to CAD 321,182,000 a year ago. Capital expenditures - Acquisitions and dispositions was CAD 467,970,000 compared to CAD 187,096,000 a year ago. The company now expects to spend CAD 182 million on capital expenditures in 2015. The capital spending is distributed as follows:  drilling, completions and tieins - CAD 128.8 million; waterfloods - CAD 10.1 million; facilities - CAD 39.6 million; and land, seismic and other - CAD 3.5 million.  The majority of the capital spending will be allocated to the company's major plays:  Taylorton/Pinto - CAD 79.2 million (43%), Steelman - CAD 29.9 million (16%), Turner Valley - CAD 22.5 million (12%), and Manor/Wordsworth - CAD 14.1 million (8%). Based on the updated capital budget, the company now expects average production for 2015 of 23,300 Boe per day and an exit rate of production for 2015 of 24,000 Boe per day. Production targets include the tie-in of significant associated natural gas and NGL volumes at the company's successful Midale play.

 

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Price/Book 0.4x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful
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