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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength

Interest Coverage No Debt
PKPL's Interest Coverage is ranked lower than
99.99% of the 31 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 6.75 vs. PKPL: No Debt )
Ranked among companies with meaningful Interest Coverage only.
PKPL' s Interest Coverage Range Over the Past 10 Years
Min: 0  Med: 0 Max: No Debt
Current: No Debt
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth

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» PKPL's 30-Y Financials


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

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Business Description

Industry: Oil & Gas - Drilling » Oil & Gas Drilling    NAICS: 211111    SIC: 1311
Headquarter Location:USA
Park Place Energy Inc, formerly Park Place Energy Corp is an energy company. The Company is engaged in exploration for oil and natural gas mainly in dobrich region of northeast Bulgaria.

Park Place Energy Corporation was incorporated under the laws of the State of Nevada on August 27, 2004 under the name ST Online Corp. On June 22, 2007, it entered into a Business Combination Agreement with Park Place Energy Inc., a private company incorporated under the laws of the Province of Alberta, Canada, and 0794403 B.C. Ltd., a wholly-owned subsidiary of company incorporated under the laws of British Columbia. Under this business combination agreement, Park Place Energy Inc. and 0794403 B.C. Ltd. amalgamated under the provisions of the British Columbia Business Corporations Act and continued as Park Place Energy Inc., a company governed by the British Columbia Business Corporations Act. On July 6, 2007, The Company merged with its wholly-owned subsidiary, Park Place Energy Corp. and its name was then changed to Park Place Energy Corp. It is an exploration stage company, which is engaged in exploring for conventional oil and natural gas. Effective on August 19, 2009, the Company's wholly owned subsidiary, Park Place Energy Inc. entered into a Seismic Earning Agreement with Fifth Avenue Diversified Inc., a private British Columbia corporation, whereby Fifth Avenue stands to earn an interest in certain Farmout Lands in the Gordondale Area of Alberta. On September 1, 2009, Park Place Energy Inc., entered into a Purchase and Sale Agreement effective September 1, 2009 with a closing date of October 30, 2009, with Novus Energy Inc., an Alberta corporation, 'Novus' whereby Novus bought the entire right, title, estate and interest in and to Park Place Sub's Eight Mile property in North Eastern British Columbia. The Company currently has interests in oil and gas properties in the Canadian province of Saskatchewan and in Morgan County, Tennessee. The Company is competing with other oil and gas exploration companies, independent producers and institutional and individual investors. The Company's oil and gas operations are subject to a number of federal, provincial, state and local governmental regulations in Canada and the United States. Matters subject to regulation include exploration permits, discharge permits for drilling operations, drilling and abandonment bonds, operating practices.

Top Ranked Articles about Park Place Energy Inc

Park Place Energy announces post-acquisition Turkish operations yield positive results
Update Regarding Acquisition of Turkish Oil and Gas Production Companies
DALLAS, TX--(Marketwired - June 17, 2016) - Park Place Energy Inc. (OTCQB: PKPL) ("Park Place" or the "Company") previously announced it had entered into an agreement to purchase three oil and gas exploration and production companies operating in Turkey. The "Tiway Companies" own interests in 3 producing oil and gas fields, one offshore and two onshore. The Tiway Companies report that year to date, production has averaged 434 BOE/D (barrels of oil equivalent per day). Approximately 75% of the production is gas (selling at above $7 per mcf) and 25% of the production is oil (selling at a slight discount to Brett).The effective date of the purchase is January 1, 2016. The purchase price is $2.1 million and Park Place paid a deposit of $500,000 when the agreement was signed in December. Closing of the transaction is conditional on Park Place obtaining approvals from two Turkish regulatory agencies. One of approvals has been received; it is anticipated the other approval will be received in July. Park Place expects to close the acquisition following receipt of the second approval.The Company's focus in the acquisition is the offshore gas field called the South Akcakoca Sub-Basin located in the Black Sea where the Tiway Companies own a 36.75% working interest. Based on the large amount of research and investigation of the field, the Company believes there are substantial behind pipe reserves which can be accessed through a low cost work program. It is anticipated such work program will dramatically improve production. The Tiway Companies, with input from the Company, have been working with the operator to develop plans to commence this work program later this year. Additionally, the Company has identified a number of proved undeveloped locations in the offshore gas field which can be drilled from the four existing production platforms. Accordingly, the Company believes there is the potential to produce substantial additional volumes of gas through the existing infrastructure. About Park Place Energy Inc.Park Place Energy Inc. is an energy company engaged in the exploration for oil and natural gas. For further information, please see our website: www.parkplaceenergy.com or email us: [email protected]. Cautionary Statement Regarding Forward-Looking StatementsThis release contains forward-looking statements, which are based on current expectations, estimates, and projections about the Company's business and prospects, as well as management's beliefs, and certain assumptions made by management. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "should," "will" and variations of these words are intended to identify forward-looking statements. Such statements speak only as of the date hereof and are subject to change. The Company undertakes no obligation to publicly revise or update any forward-looking statements for any reason. These statements include, but are not limited to, statements about the Company's expansion and business strategies and anticipated growth opportunities and the amount of fundraising necessary to achieve it. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include operational and geological risks, the ability of the Company to raise necessary funds for exploration; the fact that the Company does not operate all its properties; changes in law or governmental regulations, including tax and environmental requirements; the outcome of commercial negotiations; changes in technical or operating conditions; and other factors discussed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K.
Company Contacts:

Scott C. Larsen
President and CEO

Francis M. Munchinski
Secretary and Treasurer

Park Place Energy Inc.


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