Pink Sheets: True North Energy Corporation (TNEN) news stock charts
True North Energy Corporation (TNEN/TNEN.PK) Penny Investment Summary:
True North Energy Corporation engages in the acquisition, exploration, development, and production of oil and gas properties in Alaska, Texas, and Colorado. It primarily owns interests in oil and gas leases covering approximately 35,000 acres in the Cook Inlet and Beaufort Sea areas of Alaska. The company, formerly known as Ameriprint International, Ltd., was incorporated in 2004 and is based in Houston, Texas.TRUE NORTH ENERGY CORP (TNEN:OTC)
Snapshot of TRUE NORTH ENERGY CORP (TNEN)
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OPEN
$0.03
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PREVIOUS CLOSE
$0.02
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DAY HIGH
$0.03
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DAY LOW
$0.03
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52 WEEK HIGH
04/16/09 - $0.08
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52 WEEK LOW
01/12/10 - $0.0080
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MARKET CAP
1.9M
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AVERAGE VOLUME 10 D
33.0K
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EPS TTM
$-0.03
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SHARES OUTSTANDING
74.2M
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TNEN Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
Key developments for TRUE NORTH ENERGY CORP (TNEN)
True North Energy Corporation has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.0001 per share.
True North Energy Corporation announced that Due to the recent decreases in oil and gas prices, the company unable to pay the $100,000 payment due on March 2, 2009 to Valens U.S. SPV I, LLC and Valens Offshore SPV II Corp. Valens US and Valens Offshore are the holders of Amended and Restated Secured Term Notes dated March 31, 2008. The company failure to pay the amount due March 2, 2009 and not make payment within three days thereafter constituted an event of default under the Valens Notes. On March 5, 2009 the Holders provided with written notice of default under which they have advised that the obligations and liabilities owed by to the Holders under the Valens Notes and related documents have been accelerated. The Notice makes demand on to pay the sum of $4,513,264.59 (which is a Default Payment, as such term is defined in the Valens Notes, constituting 125% of outstanding principal amount of the Valens Notes plus accrued but unpaid interest due thereon and any fees and other amounts due under the Valens Notes) to the Holders no later than 2:00 pm (New York time) on March 10, 2009 and provides further that in the event of non-payment by the payment date and time that the Holders will exercise their rights and remedies against the company, as applicable, under the Valens Notes and related documents and applicable laws.
True North Energy Corporation announced earnings results for the first quarter ended July 31, 2008. For the quarter, the company reported a net loss of $187,045. In contrast, the company posted a net loss of $9.29 million for the same quarter in the previous year.
True North Energy Corporation financial resources
TNEN Competitors
| Company | Last | Change |
| CREDO Petroleum Corp | $9.21 USD | -0.49 |
| Double Eagle Petroleum Co | $4.36 USD | -0.06 |
| Gasco Energy Inc | $0.33 USD | -0.008 |
| Tengasco Inc | $0.50 USD | -0.01 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | TNEN | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.8x |
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| Price/Book | 1.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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TNEN |
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TNEN transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
Pink Sheets: More Recent Financial News About True North Energy Corporation
TRUE NORTH ENERGY CORP Files SEC form 10-Q, Quarterly Report
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TRUE NORTH ENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhib
Read article