Last C$3.79 CAD
Change Today -0.185 / -4.66%
Volume 1.6M
LEG On Other Exchanges
Symbol
Exchange
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As of 1:59 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

legacy oil + gas inc (LEG) Snapshot

Open
C$3.92
Previous Close
C$3.97
Day High
C$3.95
Day Low
C$3.74
52 Week High
06/16/14 - C$10.03
52 Week Low
11/26/14 - C$3.74
Market Cap
756.0M
Average Volume 10 Days
3.2M
EPS TTM
C$0.11
Shares Outstanding
199.7M
EX-Date
--
P/E TM
34.4x
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. 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.

Legacy Oil + Gas Inc. Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Financial Guidance for the Fourth Quarter of 2014

Legacy Oil + Gas Inc. reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported petroleum and natural gas sales, net of royalties of CAD 157,691,000 compared to CAD 133,713,000 reported in the same period last year. Funds generated by operations were CAD 95,162,000 or CAD 0.47 per diluted share against CAD 79,974,000 or CAD 0.50 per diluted share reported last year. Net income was CAD 13,709,000 or CAD 0.07 per diluted share against net loss of CAD 1,866,000 or CAD 0.01 per diluted share reported last year. Capital expenditures - Exploration and development were CAD 131,385,000 against CAD 90,343,000 reported last year. Capital expenditures - acquisitions and dispositions were CAD 227,829,000. For the nine months, the company reported petroleum and natural gas sales, net of royalties of CAD 439,520,000 compared to CAD 348,108,000 reported in the same period last year. Funds generated by operations were CAD 252,685,000 or CAD 1.43 per diluted share against CAD 213,363,000 or CAD 1.38 per diluted share reported last year. Net income was CAD 34,968,000 or CAD 0.20 per diluted share against net loss of CAD 4,539,000 or CAD 0.03 per diluted share reported last year. Capital expenditures - Exploration and development were CAD 345,938,000 against CAD 268,535,000 reported last year. Capital expenditures - acquisitions and dispositions were CAD 467,965,000 against CAD 187,042,000 reported last year. For the quarter, the company reported crude oil production of 20,193 bbls per day compared to 15,639 Bbls per day produced in the same period last year. Production of heavy oil was 76 bbls per day against 117 bbls per day produced last year. Production of natural gas was 17,632 Mcf per day against 9,578 Mcf per day produced last year. Production of natural gas liquids was 1,796 bbls per day against 2,137 bbls per day produced last year. Production of barrels of oil equivalent was 25,004 Boe per day against 19,489 Boe per day reported last year. For the nine months, the company reported crude oil production of 17,756 bbls per day compared to 14,746 bbls per day produced in the same period last year. Production of heavy oil was 67 bbls per day against 115 bbls per day produced last year. Production of natural gas was 15,282 Mcf per day against 11,594 Mcf per day produced last year. Production of natural gas liquids was 1,751 bbls per day against 1,582 bbls per day produced last year. Production of barrels of oil equivalent was 22,121 Boe per day against 18,375 Boe per day reported last year. In the fourth quarter of 2014, Legacy plans to direct approximately 60% of funds flow from operations to capital expenditures. The resulting free cash flow, when combined with proceeds from the anticipated sale of the non-core Elmworth property, will reduce Legacy's estimated 2014 year end net debt to estimated fourth quarter 2014 annualized funds flow from operations to approximately 1.9 times, based on current strip prices.

 

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LEG

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Valuation LEG Industry Range
Price/Earnings 25.3x
Price/Sales 1.4x
Price/Book 0.4x
Price/Cash Flow 2.9x
TEV/Sales NM Not Meaningful
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