Gregg Vernon - Hemisphere Energy Independent Director

HME Stock  CAD 1.74  0.04  2.35%   

Director

Mr. Gregg K. Vernon, P.Eng., is an Independent Director of Hemisphere Energy Corporationration Mr. Vernon is a designated professional engineer with over 30 years of international oil and gas industry experience, including managing and administrating major projects in China, Eastern Canada and South America. He is currently the President of Bohica Oil Gas. Previously, Mr. Vernon was the interim Chief Operating Officer of PetroMagdalena Energy Corporationration, a Canadianbased international oil and gas exploration and production company until its sale in 2012. He is one of the founders of Petro Andina Resources Ltd., a Canadian company with operations in South America. Mr. Vernon diverse technical experience provides a strong asset to the Hemispheres Board of Directors. He is a University of Alberta graduate with his degree in Engineering and is a member of the Society of Petroleum Engineers. since 2006.
Tenure 18 years
Address 905 West Pender Street, Vancouver, BC, Canada, V6C 1L6
Phone604 685 9255
Webhttps://www.hemisphereenergy.ca

Hemisphere Energy Management Efficiency

The company has return on total asset (ROA) of 0.2453 % which means that it generated a profit of $0.2453 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.4236 %, meaning that it generated $0.4236 on every $100 dollars invested by stockholders. Hemisphere Energy's management efficiency ratios could be used to measure how well Hemisphere Energy manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to 0.28 in 2024. Return On Capital Employed is likely to climb to 0.49 in 2024. At this time, Hemisphere Energy's Asset Turnover is fairly stable compared to the past year.
The company has accumulated 3.94 M in total debt with debt to equity ratio (D/E) of 180.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Hemisphere Energy has a current ratio of 1.2, suggesting that it is not liquid enough and may have problems paying out its financial obligations in time and when they become due. Debt can assist Hemisphere Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Hemisphere Energy's 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 Hemisphere Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hemisphere to invest in growth at high rates of return. When we think about Hemisphere Energy's use of debt, we should always consider it together with cash and equity.

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Hemisphere Energy Corporation acquires, explores for, develops, and produces petroleum and natural gas interests in Canada. Hemisphere Energy Corporation was founded in 1978 and is headquartered in Vancouver, Canada. HEMISPHERE ENERGY operates under Oil Gas EP classification in Canada and is traded on TSX Venture Exchange. It employs 8 people. Hemisphere Energy (HME) is traded on TSX Venture Exchange in Canada and employs 19 people. Hemisphere Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Hemisphere Energy Leadership Team

Elected by the shareholders, the Hemisphere Energy's board of directors comprises two types of representatives: Hemisphere Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hemisphere. The board's role is to monitor Hemisphere Energy's management team and ensure that shareholders' interests are well served. Hemisphere Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hemisphere Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ashley RamsdenWood, Vice President - Engineering
Charles OSullivan, Chairman of the Board
Bruce McIntyre, Independent Director
James PGeoph, Consultant Geophysics
Ian Duncan, Vice President - Engineering
Don Simmons, President CEO, Director
Andrew Arthur, Vice President - Exploration
Dorlyn Evancic, CFO
Frank Borowicz, Independent Director
Richard Wyman, Director
David Savage, Consultant Devel
Gregg Vernon, Independent Director
Ashley PEng, Chief Officer
CPA CGA, Chief Officer
PGeol PGeo, Vice Exploration
Greg Sadler, Independent Director
ACA BSc, CEO Pres
PLand BA, Consultant Development
Scott Koyich, IR Officer

Hemisphere Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Hemisphere Energy 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.

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Please note, there is a significant difference between Hemisphere Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hemisphere Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hemisphere Energy's 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.