|Bid||0.0600 x 0|
|Ask||0.0700 x 0|
|Day's Range||0.0600 - 0.0700|
|52 Week Range||0.0400 - 0.0800|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||35.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Bob Kadane has been the CEO of KFG Resources Ltd. (CVE:KFG) since 2016. First, this article will compare CEO compensation with compensation at similar sized companies. Next, we'll consider growthRead More...
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NATCHEZ, MS , Jan. 10, 2019 /CNW/ - KFG Resources Ltd. ("KFG" or the "Company") is pleased to announce that the TSX Venture Exchange ("TSX-V") has accepted the Company's notice of intention to make a normal course issuer bid (the "NCIB") for common shares in the capital of the Company (the "Common Shares") through the facilities of the TSX-V. The Company intends to purchase, from time to time as it considers advisable over the 12-month period of the NCIB program, an aggregate of 2,500,000 Common Shares, representing approximately 5% of the Company's issued and outstanding Common Shares and approximately 6.15% of the Company's "public float" (as such term is defined under the TSX-V Corporate Finance Manual). The Company may commence the NCIB on January 15, 2019 and the NCIB will terminate on the earlier of the Company purchasing a total of 2,500,000 Common Shares, the Company providing a notice of termination, or the date that is 12 months following the commencement date.
NATCHEZ, Miss. , Oct. 3, 2018 /PRNewswire/ -- KFG Resources, Ltd. President, Robert A. Kadane , reported today that the Company's subsidiary, KFG Petroleum Corporation, ( Natchez, MS ) recorded revenues for its quarter ended July 31, 2018 of $397,520 vs. $323,300 for its corresponding quarter of 2017. Net income for the July 31, 2018 quarter was $67,334 vs $17,801 for the July 31, 2017 quarter. The Company's current ratio was in excess of 2 to 1 for the quarter ended July 31, 2018 . The share buyback proposal was passed by the KFG's Board Meeting at its annual stockholder meeting. When all paperwork has been completed details will be announced. Also, capital is being raised from oil industry partners for the project in Graham, Texas to re-enter and recomplete 3 wells with an option to recomplete 2 additional wells. The #5 Barnum well in Adams County, MS was completed as a dryhole to 6400'. KFG had a 22.5% working interest in the well.
KFG Resources Ltd (CVE:KFG), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. However, the trade-off is KFG Read More...
NATCHEZ, Miss. , July 25, 2018 /PRNewswire/ -- KFG Resources Subsidiary, KFG Petroleum Corp. of Natchez, MS has permitted the Barnum #5 well in Adams County , MS. It will be a 6500' test of several Wilcox sands that produce in the immediate area. As of July 1, 2018 , KFG's Barnum lease has paid out and the Company's working interest rose from 9% to 22.5% WI and from 6.89% net revenue interest to 16.875 net. KFG's Craig lease will payout shortly and a news release will be put out when that occurs. Additional projects are now under review with the improved pricing environment. The Company's common shares are listed on the TSX Venture Exchange, Vancouver, B.C. , trading symbol "KFG".