Richard Mays - Canadian Overseas VP of Bus. Devel. and General Council

VELXF Stock  USD 0  0.00  0.00%   

VP

Dr. Richard P. Mays was appointed as Vice President Business Development, General Counsel of Canadian Overseas Petroleum Limited., effective September 15, 2014. With his capital markets background and vast experience with offshore projects Dr. Richard Mays is an ideal candidate for this role and COPL is delighted to retain an executive of his calibre. Dr. Richard Mays is a qualified solicitor in Scotland and has served in several senior roles in the oil and gas industry. Until its recent sale to Impact Oil and Gas Limited, he served as Executive Chairman of Black Star Petroleum plc. He was formerly General Counsel and Director at DEO Petroleum plc, Executive Chairman of Peppercoast Petroleum plc and Vice President Commercial at Oilexco North Sea Limited. He has provided consultancy and training services to a large number of oil and gas sector businesses. Richard is also a former Professor of Law and Deputy Dean of the Aberdeen business school. since 2014.
Age 52
Tenure 10 years
Phone403 262 5441
Webhttps://www.canoverseas.com

Canadian Overseas Management Efficiency

The company has return on total asset (ROA) of (0.0753) % which means that it has lost $0.0753 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.5635) %, meaning that it generated substantial loss on money invested by shareholders. Canadian Overseas' management efficiency ratios could be used to measure how well Canadian Overseas manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 34.66 M in total debt with debt to equity ratio (D/E) of 1.06, which is about average as compared to similar companies. Canadian Overseas has a current ratio of 0.79, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Canadian Overseas until it has trouble settling it off, either with new capital or with free cash flow. So, Canadian Overseas' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canadian Overseas sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canadian to invest in growth at high rates of return. When we think about Canadian Overseas' use of debt, we should always consider it together with cash and equity.

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Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of oil and natural gas offshore reserves in Africa. The company was formerly known as Velo Energy Inc. and changed its name to Canadian Overseas Petroleum Limited in July 2010. Canadian Overseas operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. Canadian Overseas Petroleum [VELXF] is a Pink Sheet which is traded between independent brokers as part of over-the-counter (OTC) trading.

Management Performance

Canadian Overseas Leadership Team

Elected by the shareholders, the Canadian Overseas' board of directors comprises two types of representatives: Canadian Overseas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canadian. The board's role is to monitor Canadian Overseas' management team and ensure that shareholders' interests are well served. Canadian Overseas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canadian Overseas' outside directors are responsible for providing unbiased perspectives on the board's policies.
Rod Christensen, Vice President - Exploration
Kristin Obreiter, Financial Controller
Viscount Astor, Independent Director
Arthur Millholland, President CEO, Director
Massimo Carello, Independent Director
Norman Deans, VP of Operations
Kim Galavan, Chief Officer
John Cowan, Director
PGeo Geo, Pres CEO
Ryan Gaffney, Chief Officer
Nicholas Pillar, Ma Geophysics
LLB LLM, VP Counsel
Faralee Chanin, Corporate Secretary
Harald Ludwig, Independent Chairman of the Board
Richard Mays, VP of Bus. Devel. and General Council
Aleksandra Owad, CFO
Rodney Christensen, VP Exploitation

Canadian Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Canadian Overseas a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canadian Overseas in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canadian Overseas' short interest history, or implied volatility extrapolated from Canadian Overseas options trading.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Canadian Overseas Petroleum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
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Please note, there is a significant difference between Canadian Overseas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Overseas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Overseas' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.