Dag Skindlo - Archer CFO, Executive Vice President Strategy, Director

ARHVF Stock  USD 2.10  0.06  2.94%   

President

Mr. Dag Skindlo was appointed Chief Financial Officer and Executive Vice President Strategy of Archer Limited, effective as of April 29, 2016. He was also Director of the Company from April 29, 2016 till May 9, 2019. Mr. Skindlo is a businessoriented executive with 24 years in the Oil and Gas industry. He joined Schlumberger in 1992 where he held various financial and operational positions before he joined the Aker Group of companies in 2005. His experience from Aker Kvaerner, Aker Solutions and Kvaerner includes both global CFO roles and Managing Director roles for several large industrial business divisions. Dag comes from his role as CEO for Aquamarine Subsea, a HitecVision owned company. Dag brings with him extensive international experience including working for more than twelve years in countries like the US, Indonesia, Scotland, and China since 2019.
Age 55
Tenure 5 years
Phone47 5 130 8000
Webhttps://www.archerwell.com
Skindlo is a Norwegian citizen with a MS in Economics and Business Administration from the Norwegian School of Economics and Business Administration .

Archer Management Efficiency

The company has return on total asset (ROA) of 0.0272 % which means that it generated a profit of $0.0272 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.249) %, meaning that it generated substantial loss on money invested by shareholders. Archer's management efficiency ratios could be used to measure how well Archer manages its routine affairs as well as how well it operates its assets and liabilities.
Archer Limited has accumulated 525.4 M in total debt with debt to equity ratio (D/E) of 9.34, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Archer Limited has a current ratio of 1.61, which is within standard range for the sector. Debt can assist Archer until it has trouble settling it off, either with new capital or with free cash flow. So, Archer'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 Archer Limited sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Archer to invest in growth at high rates of return. When we think about Archer's use of debt, we should always consider it together with cash and equity.

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Archer Limited, an oilfield service company, provides various oilfield products and services to the oil and gas industry. Archer Limited was incorporated in 2007 and is based in Hamilton, Bermuda. Archer is traded on OTC Exchange in the United States. Archer Limited [ARHVF] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Archer Limited Leadership Team

Elected by the shareholders, the Archer's board of directors comprises two types of representatives: Archer inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Archer. The board's role is to monitor Archer's management team and ensure that shareholders' interests are well served. Archer'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, Archer's outside directors are responsible for providing unbiased perspectives on the board's policies.
Adam Todd, G Counsel
Joachim Houeland, Co Treasurer
Dag Skindlo, CFO, Executive Vice President Strategy, Director
James Ayers, Sec
Espen Joranger, Chief Officer

Archer 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 Archer 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.

Currently Active Assets on Macroaxis

Other Information on Investing in Archer Pink Sheet

Archer financial ratios help investors to determine whether Archer Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Archer with respect to the benefits of owning Archer security.