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Last C$2.67 CAD
Change Today -0.04 / -1.48%
Volume 9.2M
As of 3:31 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

legacy oil + gas inc (LEG) Snapshot

Open
C$2.75
Previous Close
C$2.71
Day High
C$2.80
Day Low
C$2.58
52 Week High
06/16/14 - C$10.03
52 Week Low
01/14/15 - C$1.17
Market Cap
533.3M
Average Volume 10 Days
8.9M
EPS TTM
C$0.07
Shares Outstanding
199.7M
EX-Date
--
P/E TM
38.8x
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 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.

Legacy Oil + Gas Inc. Announces Management Changes

Matt Janisch has stepped down on March 25, 2015 as Vice-President, Finance and Chief Financial Officer of Legacy Oil + Gas Inc. Mr. Janisch had served in that role since the recapitalization of the Company in July 2009. Legacy announced that Curt Ziemer has been appointed Vice-President, Finance and Chief Financial Officer of the Company effective March 25, 2015. Mr. Ziemer has been responsible for all accounting and financial reporting functions of Legacy since 2009, most recently as Vice-President, Accounting.

Legacy Oil + Gas Inc. Presents at 2015 CAPP Scotiabank Investment Symposium, Apr-09-2015 02:30 PM

Legacy Oil + Gas Inc. Presents at 2015 CAPP Scotiabank Investment Symposium, Apr-09-2015 02:30 PM. Venue: Sheraton Centre Hotel, 123 Queen Street West, Toronto, Ontario, Canada. Speakers: Trent J. Yanko, Chief Executive Officer, President and Director.

 

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Industry Analysis

LEG

Industry Average

Valuation LEG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 0.3x
Price/Cash Flow 2.0x
TEV/Sales NM Not Meaningful
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