Last C$8.85 CAD
Change Today -0.04 / -0.45%
Volume 1.7M
LEG On Other Exchanges
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As of 4:00 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

legacy oil + gas inc (LEG) Snapshot

Open
C$8.94
Previous Close
C$8.89
Day High
C$8.94
Day Low
C$8.75
52 Week High
06/16/14 - C$10.03
52 Week Low
01/29/14 - C$5.45
Market Cap
1.7B
Average Volume 10 Days
2.1M
EPS TTM
C$0.02
Shares Outstanding
196.5M
EX-Date
--
P/E TM
442.5x
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. is engaged in the acquisition, exploration, exploitation, and development of oil and natural gas properties in Canada. The company principally holds interests in various properties located in southeast Saskatchewan; properties located in the Pierson area of Manitoba and Bottineau County, North Dakota; the Turner Valley property situated in southern Alberta; and the Maxhamish property located in northern British Columbia. As of December 31, 2013, it had a total proved plus probable reserves of 117.2 million barrels of oil equivalent (MMBoe); and total proved reserves of 66.7 million 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.

138 Employees
Last Reported Date: 03/25/14
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$270.0K
Vice President of Operations
Total Annual Compensation: C$235.0K
Vice President of Accounting
Total Annual Compensation: C$235.0K
Vice President of Exploration
Total Annual Compensation: C$235.0K
Compensation as of Fiscal Year 2013.

legacy oil + gas inc (LEG) Key Developments

Legacy Oil + Gas Inc. Provides Production Guidance for the Year 2014

Legacy Oil + Gas Inc. provided production guidance for the year 2014. For the year, the company increasing its average production guidance to 23,100 Boe per day (88% oil and NGL's) and increasing its exit rate production to 27,350 Boe per day (90% oil and NGL's), representing a 22% and 27% increase over 2013 average and exit production rates respectively. With the increased production and funds flow from operations, Legacy has increased its 2014 capital budget to $390 million compared to pro forma funds flow from operations estimates at current pricing of $410 million, resulting in further debt reduction and balance sheet enhancement.

Legacy Oil + Gas Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014

Legacy Oil + Gas Inc. reported earnings results for the first quarter ended March 31, 2014. Net income for the first quarter ended March 31, 2014 was CAD 2.44 million, compared to a net loss of CAD 175,000 for the same quarter ended March 31, 2013. Revenue for the first quarter ended March 31, 2014 was CAD 142.63 million, compared to CAD 100.85 million for the same quarter ended March 31, 2013. Net income before income taxes for the first quarter ended March 31, 2014 was CAD 5.29 million, compared to CAD 1.62 million for the same quarter ended March 31, 2013.

Legacy Oil + Gas Inc. Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Provides Funds Flow from Operations Guidance for the Year 2014

Legacy Oil + Gas Inc. announced unaudited consolidated earnings and production results for the first quarter ended March 31, 2014. For the quarter, the company reported petroleum and natural gas sales, net of royalties of CAD 142,626,000, funds generated by operations of CAD 82,304,000 or CAD 0.51 per diluted share, net income of CAD 2,441,000 or CAD 0.02 per basic and diluted share, capital expenditures - exploration and development of CAD 140,338,000, capital expenditures - acquisitions and dispositions of CAD 1,051,000 compared to the petroleum and natural gas sales, net of royalties of CAD 100,848,000, funds generated by operations of CAD 62,054,000 or CAD 0.43 per basic and diluted share, net loss of CAD 175,000, capital expenditures - exploration and development of CAD 107,277,000, capital expenditures - acquisitions and dispositions of CAD 7,959,000 for the same quarter a year ago. For the quarter, the company reported crude oil of 16,635 Bbls per day heavy oil of 54 Bbls per day natural gas of 14,730 Mcf per day natural gas liquids of 1,948 Bbls per day barrels of oil equivalent of 21,092 Boe per day compared to the crude oil of 13,808 Bbls per day heavy oil of 124 Bbls per day natural gas of 12,843 Mcf per day natural gas liquids of 1,378 Bbls per day barrels of oil equivalent of 17,451 Boe per day for the same quarter a year ago. Pro-forma the recently announced Acquisition, Legacy's pro forma 2014 year end debt to current annualized funds flow from operations will be approximately 1.6 times based on current strip pricing. Highrock production is currently unhedged and benefiting from the current strong oil prices, tighter differentials and weaker Canadian dollar.

 

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LEG

Industry Average

Valuation LEG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.8x
Price/Book 0.9x
Price/Cash Flow 8.0x
TEV/Sales 2.1x
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