Ivar Siem - PEDEVCO Corp Independent Director
PED Stock | USD 0.74 0.02 2.59% |
Director
Mr. Ivar Siem is Independent Director of the Company. Mr. Siem has broad experience from both the upstream and the service segments of the oil and gas industry, was the founder of several companies, and was involved in several rollups and restructuring processes throughout his career. He currently serves as the Chairman of American Resources, Inc., and as a Managing Partner of its affiliated investment vehicle, Norexas, LLC, both privatelyheld Houston, Texasbased companies active in oil and gas investment, acquisition and development, and has served in that capacity since 2013. Previously, Mr. Siem served as Chairman and Chief Executive Officer of American Resources, Inc. and Chairman of Blue Dolphin Energy Company, a Houston, Texasbased independent refiner and marketer of petroleum products . In 1999, Mr. Siem acquired a small distressed public company, American Resources Offshore, Inc. and worked with creditors and existing management to achieve a voluntary reorganization. From 1995 to 2000, Mr. Siem served as Chairman and interim CEO of DI IndustriesGrey Wolf Drilling while restructuring the company financially and operationally. Through several mergers and acquisitions, the company emerged as one of the leading land drilling contractors. The company was subsequently acquired by Precision Drilling in 2008. From 1996 to 1997 Mr. Siem served as Chairman and CEO of Seateam Technology ASA. Prior to Seateam, Mr. Siem held various executive roles at multiple EP and oil field service companies. Mr. Siem started his career at Amoco working as an engineer in various segments of upstream operations since 2018.
Age | 71 |
Tenure | 7 years |
Professional Marks | MBA |
Address | Energy Center II, Houston, TX, United States, 77079 |
Phone | 713 221 1768 |
Web | https://www.pedevco.com |
Ivar Siem Latest Insider Activity
Tracking and analyzing the buying and selling activities of Ivar Siem against PEDEVCO Corp stock is an integral part of due diligence when investing in PEDEVCO Corp. Ivar Siem insider activity provides valuable insight into whether PEDEVCO Corp is net buyers or sellers over its current business cycle. Note, PEDEVCO Corp insiders must abide by specific rules, including filing SEC forms every time they buy or sell PEDEVCO Corp'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Ivar Siem over six months ago Disposition of 30000 shares by Ivar Siem of PEDEVCO Corp at 0.91 subject to Rule 16b-3 | ||
Ivar Siem over a year ago Acquisition by Ivar Siem of 70000 shares of PEDEVCO Corp subject to Rule 16b-3 |
PEDEVCO Corp Management Efficiency
The company has Return on Asset of 0.0302 % which means that on every $100 spent on assets, it made $0.0302 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0225 %, implying that it generated $0.0225 on every 100 dollars invested. PEDEVCO Corp's management efficiency ratios could be used to measure how well PEDEVCO Corp manages its routine affairs as well as how well it operates its assets and liabilities. At present, PEDEVCO Corp's Return On Assets are projected to increase slightly based on the last few years of reporting. At present, PEDEVCO Corp's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 3.7 M, whereas Other Current Assets are forecasted to decline to about 284.1 K.PEDEVCO Corp has 316 K in debt with debt to equity (D/E) ratio of 0.0, which may show that the company is not taking advantage of profits from borrowing. PEDEVCO Corp has a current ratio of 7.45, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for PEDEVCO to invest in growth at high rates of return.
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Management Performance
Return On Equity | 0.0225 | |||
Return On Asset | 0.0302 |
PEDEVCO Corp Leadership Team
Elected by the shareholders, the PEDEVCO Corp's board of directors comprises two types of representatives: PEDEVCO Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PEDEVCO. The board's role is to monitor PEDEVCO Corp's management team and ensure that shareholders' interests are well served. PEDEVCO Corp'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, PEDEVCO Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Clark Moore, Executive Vice President, General Counsel, Secretary | ||
John Schick, President CEO | ||
Adam McAfee, Independent Director | ||
Paul Pinkston, Principal Financial Officer, Accounting Officer, Chief Accounting Officer | ||
H Evans, Independent Director | ||
Jody Crook, Chief Officer | ||
David Steinberg, Independent Director | ||
John Scelfo, Independent Chairman of the Board | ||
J Schick, President | ||
Ivar Siem, Independent Director | ||
Simon Kukes, Chief Executive Officer, Director | ||
Paul CPA, Chief Officer |
PEDEVCO 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 PEDEVCO Corp 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.
Return On Equity | 0.0225 | |||
Return On Asset | 0.0302 | |||
Profit Margin | 0.07 % | |||
Operating Margin | 0.23 % | |||
Current Valuation | 63.66 M | |||
Shares Outstanding | 89.5 M | |||
Shares Owned By Insiders | 71.82 % | |||
Shares Owned By Institutions | 2.95 % | |||
Number Of Shares Shorted | 24.68 K | |||
Price To Earning | 57.00 X |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether PEDEVCO Corp is a strong investment it is important to analyze PEDEVCO Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PEDEVCO Corp's future performance. For an informed investment choice regarding PEDEVCO Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PEDEVCO Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For information on how to trade PEDEVCO Stock refer to our How to Trade PEDEVCO Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PEDEVCO Corp. If investors know PEDEVCO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PEDEVCO Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2 | Earnings Share 0.02 | Revenue Per Share | Quarterly Revenue Growth 0.235 | Return On Assets |
The market value of PEDEVCO Corp is measured differently than its book value, which is the value of PEDEVCO that is recorded on the company's balance sheet. Investors also form their own opinion of PEDEVCO Corp's value that differs from its market value or its book value, called intrinsic value, which is PEDEVCO Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PEDEVCO Corp's market value can be influenced by many factors that don't directly affect PEDEVCO Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PEDEVCO Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if PEDEVCO Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PEDEVCO Corp'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.