Haakon Sandborg - Dno ASA Chief Officer

DTNOF Stock  USD 0.90  0.05  5.88%   

Executive

Mr. Haakon Sandborg has served as Chief Financial Officer at DNO ASA since 2014. He was Vice President, Chief Financial Officer of the Company from 2012 until 2014. He was Chief Financial Officer of the Company since 2001. He has 30 years of experience in the oil and gas industry and in banking. He was previously employed by Aker Maritime, and he held senior positions at DNB Bank and Bergen Bank. He holds MBA degree from the Norwegian School of Business Administration in Bergen, Norway . since 2014.
Age 65
Tenure 10 years
Professional MarksMBA
Phone47 23 23 84 80
Webhttps://www.dno.no

Dno ASA Management Efficiency

The company has return on total asset (ROA) of 0.0925 % which means that it generated a profit of $0.0925 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3223 %, meaning that it generated $0.3223 on every $100 dollars invested by stockholders. Dno ASA's management efficiency ratios could be used to measure how well Dno ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Dno ASA has accumulated 873.4 M in total debt with debt to equity ratio (D/E) of 0.58, which is about average as compared to similar companies. Dno ASA has a current ratio of 3.48, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Dno ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Dno ASA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Dno ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Dno to invest in growth at high rates of return. When we think about Dno ASA's use of debt, we should always consider it together with cash and equity.

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DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East and the North Sea. The company was incorporated in 1971 and is headquartered in Oslo, Norway. Det Norske operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 1327 people. Dno ASA [DTNOF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

Management Performance

Dno ASA Leadership Team

Elected by the shareholders, the Dno ASA's board of directors comprises two types of representatives: Dno ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dno. The board's role is to monitor Dno ASA's management team and ensure that shareholders' interests are well served. Dno ASA'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, Dno ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Nicholas Whiteley, Exploration Director
Jostein Lvs, Communication Mang
Bjorn Dale, Managing Director
Christopher Spencer, Commercial Director
Bijan MossavarRahmani, Executive Chairman of the Board
Geir Skau, Director Services
Haakon Sandborg, Chief Officer
Orjan Gjerde, Gen Sea
Tonje Gormley, G East
Tom Allan, Gen region

Dno Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Dno ASA 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.

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Other Information on Investing in Dno Pink Sheet

Dno ASA financial ratios help investors to determine whether Dno Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dno with respect to the benefits of owning Dno ASA security.