Pinedale Energy Limited
MCF Energy Ltd., an upstream oil and gas company in Europe. It engages in the identification, exploration, and development of proven and unproven oil and gas reserves. The company was formerly known as Pinedale Energy Limited and changed its name to MCF Energy Ltd. in December 2022. MCF Energy Ltd. is headquartered in Vancouver, Canada.
Pinedale Energy Limited (MCF) - Net Assets
Latest net assets as of September 2025: CA$19.77 Million CAD
Based on the latest financial reports, Pinedale Energy Limited (MCF) has net assets worth CA$19.77 Million CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$26.37 Million) and total liabilities (CA$6.60 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$19.77 Million |
| % of Total Assets | 74.97% |
| Annual Growth Rate | 42.97% |
| 5-Year Change | 133.53% |
| 10-Year Change | N/A |
| Growth Volatility | 275.12 |
Pinedale Energy Limited - Net Assets Trend (2014–2024)
This chart illustrates how Pinedale Energy Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pinedale Energy Limited (2014–2024)
The table below shows the annual net assets of Pinedale Energy Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$25.03 Million | +2.37% |
| 2023-12-31 | CA$24.45 Million | +211.60% |
| 2022-12-31 | CA$7.85 Million | +3234.40% |
| 2021-12-31 | CA$-250.32K | -102.34% |
| 2017-12-31 | CA$10.72 Million | +67.02% |
| 2016-12-31 | CA$6.42 Million | +10.03% |
| 2015-12-31 | CA$5.83 Million | +731.79% |
| 2014-12-31 | CA$701.10K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pinedale Energy Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5474.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$54.81 Million | 219.02% |
| Total Equity | CA$25.03 Million | 100.00% |
Pinedale Energy Limited Competitors by Market Cap
The table below lists competitors of Pinedale Energy Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Giga Media Ltd
NASDAQ:GIGM
|
$9.37 Million |
|
Sun Vending Technology PCL
BK:SVT
|
$9.37 Million |
|
SYZYGY AG
XETRA:SYZ
|
$9.37 Million |
|
Phoenix Copper Limited
OTCQX:PXCLF
|
$9.37 Million |
|
Panorama Sentrawisata Tbk
JK:PANR
|
$9.37 Million |
|
Reka Industrial Oyj
HE:REKA
|
$9.36 Million |
|
Prakit Holdings Public Company Limited
BK:PRAKIT
|
$9.36 Million |
|
Trinity Watthana Public Company Limited
BK:TNITY
|
$9.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pinedale Energy Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,448,000 to 25,027,000, a change of 579,000 (2.4%).
- Net loss of 12,182,000 reduced equity.
- New share issuances of 4,287,000 increased equity.
- Other factors increased equity by 8,474,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-12.18 Million | -48.68% |
| Share Issuances | CA$4.29 Million | +17.13% |
| Other Changes | CA$8.47 Million | +33.86% |
| Total Change | CA$- | 2.37% |
Book Value vs Market Value Analysis
This analysis compares Pinedale Energy Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.51x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CA$0.00 | CA$0.05 | x |
| 2022-12-31 | CA$0.07 | CA$0.05 | x |
| 2023-12-31 | CA$0.11 | CA$0.05 | x |
| 2024-12-31 | CA$0.09 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pinedale Energy Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -48.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.45x
- Recent ROE (-48.68%) is below the historical average (5.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 80.32% | 41.07% | 0.14x | 14.33x | CA$492.99K |
| 2015 | 33.47% | 35.94% | 0.37x | 2.54x | CA$1.37 Million |
| 2016 | 11.62% | 28.09% | 0.19x | 2.17x | CA$103.63K |
| 2017 | 14.44% | 41.04% | 0.16x | 2.14x | CA$476.07K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-107.12K |
| 2022 | -6.56% | 0.00% | 0.00x | 1.41x | CA$-1.30 Million |
| 2023 | -44.21% | 0.00% | 0.00x | 1.44x | CA$-13.25 Million |
| 2024 | -48.68% | 0.00% | 0.00x | 1.45x | CA$-14.68 Million |
Industry Comparison
This section compares Pinedale Energy Limited's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $138,025,772
- Average return on equity (ROE) among peers: -9.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pinedale Energy Limited (MCF) | CA$19.77 Million | 80.32% | 0.33x | $9.37 Million |
| Advantage Oil & Gas Ltd. (AAV) | $1.21 Billion | -1.70% | 0.91x | $1.14 Billion |
| Alvopetro Energy (ALV) | $55.87 Million | -9.44% | 0.28x | $190.03 Million |
| Bison Gold Resources Inc (BGE) | $899.62K | -107.98% | 0.20x | $178.53K |
| Capitan Investment Ltd (CAI) | $8.61 Million | -19.92% | 0.13x | $283.50K |
| Canada Energy Partners Inc (CE-H) | $-617.75K | 0.00% | 0.00x | $99.62K |
| Benchmark Metals Inc (CEI) | $97.08 Million | -11.50% | 0.17x | $143.60 Million |
| Columbus Energy Limited (CEL-H) | $-587.57K | 0.00% | 0.00x | $456.61K |
| Criterium Energy Ltd. (CEQ) | $109.56K | 59.85% | 0.46x | $7.89 Million |
| Cavvy Energy Ltd. (CVVY) | $10.78 Million | -2.67% | 0.18x | $8.09K |
| District Mines Ltd (DIG-H) | $-397.45K | 0.00% | 0.00x | $1.17 Million |