Crude Oil
Energy companies are highly sensitive to oil prices. Every $10/barrel change can impact operating margins by 15-25%.
TAG Oil Ltd. is engaged in the exploration, development, and production of oil and gas across Canada, the Middle East, and North Africa. The company shows strong liquidity with a current and quick ratio of 8.82, indicating solid short-term financial health, but faces significant concerns with negative EBITDA and net margins of -159.8% and -179.8%, respectively. The low market cap of $15.40M and share price of $0.04 suggest a lack of investor confidence, despite minimal debt levels. Overall, while liquidity is a strength, profitability remains a critical issue.
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Company posted a loss of $-4.2M over the last year, representing 314.3% of revenue.
Operating cash flow has been negative for 3 consecutive quarters, burning $3.0M over the last year.
Revenue decreased 14.2% year-over-year from $1.6M to $1.3M.
Gross margin expanded by 29.4 percentage points, indicating improved pricing power or cost efficiency.
Operating margin expanded by 193.5pp, demonstrating strong operational leverage.
Both gross margin (+29.4pp) and operating margin (+193.5pp) are expanding simultaneously, indicating the company is scaling profitably.
Fortress balance sheet: cash covers total debt 11×, providing significant financial flexibility.
Excellent liquidity with current ratio of 8.8x ensures operational stability.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2026-Q2 (June 30, 2026)