Last C$2.51 CAD
Change Today +0.30 / 13.57%
Volume 6.3M
LEG On Other Exchanges
Symbol
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As of 4:51 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

legacy oil + gas inc (LEG) Snapshot

Open
C$2.30
Previous Close
C$2.21
Day High
C$2.54
Day Low
C$2.21
52 Week High
06/16/14 - C$10.03
52 Week Low
12/15/14 - C$1.62
Market Cap
501.3M
Average Volume 10 Days
6.5M
EPS TTM
C$0.11
Shares Outstanding
199.7M
EX-Date
--
P/E TM
22.8x
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. 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 Land
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 and Capital Expenditure Guidance for the Fiscal Year 2015

Legacy Oil + Gas Inc. expects to spend $238 million, which is less than anticipated cash flow that would be generated at pricing of USD 65 per barrel WTI and a 0.85 CAD/USD exchange rate throughout 2015. This level represents a 40% reduction in organic capital spending year over year. The company’s capital program will be focused on light oil development, with the majority of capital (87%) directed to drilling, completions, equipping and waterfloods. The company is planning to drill 94 gross (79.4 net) wells in 2015 targeting high quality light oil. In addition to drilling, the company is planning capital expenditures on expansion of the successful pilot waterfloods at Frys, Heward, Pierson, Steelman and Taylorton, as well as implementation of pilot waterfloods at Openshaw, Pinto and Star Valley. The company anticipates a 2015 average production rate of 24,500 Boe per day, representing growth of 6% over 2014 average production guidance. Production targets include the tie-in of significant associated natural gas and NGL volumes at the company's successful Midale play. The company expects to exit 2015 at approximately the same rate as the 2014 exit rate excluding production from the Elmworth asset. The company continues to pursue the sale of Elmworth as soon as practicable in 2015.

Legacy Oil + Gas Inc. Reports Cash Flow Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Production and Capital Expenditure Guidance for 2014

Legacy Oil + Gas Inc. reported cash flow results for the third quarter and nine months ended September 30, 2014. For the quarter, cash flow was up 18% to a record CAD 95.85 million or CAD 0.48 per share from CAD 81.02 million or CAD 0.51 per share in the comparable period of 2013. Cash flow for the nine months rose to CAD 254.97 million or CAD 1.44 per share from CAD 214.79 million or CAD 1.39 per share the previous period. Legacy common shares and assumed net debt of approximately CAD 37.8 million (including the fair value of unrealized derivatives). The company is positioned to be on track to meet its full year of 2014 production and capital expenditure guidance.

Legacy Oil + Gas Inc. Presents at FirstEnergy Capital Energy Growth Conference, Nov-19-2014 09:15 AM

Legacy Oil + Gas Inc. Presents at FirstEnergy Capital Energy Growth Conference, Nov-19-2014 09:15 AM. Venue: The Ritz-Carlton Hotel, 181 Wellington Street West, Toronto, ON M5V 3G7, 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 13.4x
Price/Sales 0.8x
Price/Book 0.2x
Price/Cash Flow 1.5x
TEV/Sales NM Not Meaningful
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