Mr. W. Phillip Marcum is Chairman of the Board, Chief Executive Officer of Recovery Energy Inc. He joined the Board in September 2011 and was appointed the Lead Director in October 2012. He was a director of Houston Texasbased Key Energy Services since 1996, and also serves as chairman of the board of ADAES, a Denver, Colorado based company. From January 1991 until April 2007, when he retired, he was chairman of the board, president and chief executive officer of Metretek Technologies, Inc., a developer of energy and smart grid solutions for electric utilities, and their commercial, institutional, and industrial customers.
Age: 68 Director Since 2012
|Marcum also serves as chairman of the board of ADAES, a Denver, Colorado based company, and chairman of the board of Applied Natural Gas Fuels, Inc., a West Lake Village, California based company. He holds a bachelor degree in business administration from Texas Tech University.|
The company has return on total asset (ROA) of (3.25) % which means that it has lost $3.25 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (122.22) % meaning that it created substantial loss on money invested by shareholders.
The company currently holds 29.64 M in liabilities with Debt to Equity (D/E) ratio of 2.45 implying the company greatly relies on financing operations through barroing. Recovery Energy Inc has Current Ratio of 0.7 indicating that it has a negative working capital and may not be able to pay financial obligations when they are due.
Entity SummaryRecovery Energy, Inc., an independent oil and gas company, engages in the acquisition, drilling, and production of oil and natural gas properties and prospects in the United States. Recovery Energy Inc [RECV] is traded on NASDAQ General Markets in USA. It is located in Recovery Energy, Inc.Denver, CO and employs 8 people. Filter other
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Recovery Energy Inc
Recovery Energy Inc has more than 82.2 (%) percent chance of experiencing financial distress in the next 2 years of operations.
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