Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
JOIN THE CLUB
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
GO AD-FREE

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you downgrade to Basic or cancel with-in 10 days of first subscribing, we will refund your payment upon request. Immediately after downgrading or cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Traverse Energy Ltd. (V:TVL)

Business Focus: Oil & Gas Exploration and Production

Log in or join to add this stock to your watch list.
Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEDAR
Company Contact
Address: 780-839 5 Ave SW
CALGARY AB T2P 3C8
Tel: N/A
Website: www.traverseenergy.com
IR: See website
Key People
Laurie J. Smith
President, Chief Executive Officer, Director
Sharon A. Supple
Chief Financial Officer
David H. Erickson
Chief Operating Officer, Vice President, Director
Daniel G. Kolibar
Corporate Secretary, Independent Director
   
Business Overview
Traverse Energy Ltd. is an oil and gas exploration, development and production company. The Company conducts its operations in the province of Alberta. The Company's production consists of natural gas, oil and natural gas liquids. Its principal oil and natural gas properties are located in the areas of Coyote, Michichi and Turin in the province of Alberta. In the Coyote area, located approximately 40 kilometers east of Drumheller in East Central Alberta, the Company holds a working interest in over 35,240 net acres. The Company holds a working interest in over 29,760 net acres in the Michichi area, located approximately 20 kilometers west of the Coyote property. In the Turin area, located approximately 20 kilometers northeast of Lethbridge in Southern Alberta, the Company holds an interest in over 5,680 net acres. The Company holds various minor over-riding royalty (ORR) interests in producing oil and natural gas wells, all located within the province of Alberta.
Financial Overview
For the fiscal year ended 31 December 2018, Traverse Energy Ltd. revenues decreased 34% to C$6.4M. Net loss increased from C$5M to C$17.7M. Revenues reflect Petroleum and natural gas decrease of 33% to C$6.7M. Higher net loss reflects Avg. Production Costs per Barrel, Total increase of 11% to C$17.79 per barrel, Exploration and evaluation expense increase from C$3.6M to C$11.9M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $11.62M as of Mar 31, 2019
Annual revenue (TTM): $6.40M as of Mar 31, 2019
EBITDA (TTM): -$10.42M as of Mar 31, 2019
Net annual income (TTM): -$17.71M as of Mar 31, 2019
Free cash flow (TTM): -$0.74M as of Mar 31, 2019
Net Debt Last Fiscal Year: $6.45M as of Mar 31, 2019
Shares outstanding: 103,496,752 as of Dec 31, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization