Kevin Norris - 1st NRG CEO and Inside Director

FNRC Stock  USD 0.0001  0.00  0.00%   

CEO

Mr. Kevin Norris serves as Chief Executive Officer of 1st NRG, Corporationration Mr. Norris has 30 years of industry experience with various energy companies including Apache Corporationrationration, Universal Fuels Company, TOP Gas Gathering and BlueCreek Energy. Through his career, Mr. Norris was involved in the drilling, operating, transportation and marketing of both oil and gas wells and specifically CBM wells for the past 11 years. Mr. Norris spent 15 years with e2 Business Services, Inc. a company which provided outsourced administration and marketing services, as well as software solutions. While at e2, Mr. Norris aided the company in its design of a proprietary gas control system designed specifically to accommodate wellhead gas scheduling, marketing, allocations, balancing, invoicing and accounting for wellhead and downstream gas transactions. After founding BlueCreek Energy in 2006, the company grew to ownership in 78 producing wells and over 20 BCF in reserves since 2009.
Age 55
Tenure 16 years
Phone816-256-8561
Webhttps://www.1stnrg-corp.com
Norris received a BS degree in Business Administration from Colorado State University in 1979. He is also a past Chairman of the IPAMS Natural Gas Committee.

1st NRG Management Efficiency

The company has return on total asset (ROA) of (0.019) % which means that it has lost $0.019 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0954) %, meaning that it created substantial loss on money invested by shareholders. 1st NRG's management efficiency ratios could be used to measure how well 1st NRG manages its routine affairs as well as how well it operates its assets and liabilities.
1st NRG Corp currently holds 4.13 M in liabilities with Debt to Equity (D/E) ratio of 0.41, which is about average as compared to similar companies. 1st NRG Corp has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist 1st NRG until it has trouble settling it off, either with new capital or with free cash flow. So, 1st NRG'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 1st NRG Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for 1st to invest in growth at high rates of return. When we think about 1st NRG's use of debt, we should always consider it together with cash and equity.
1st NRG Corp. explores, develops, produces, and sells natural gas properties in the United States. The company was founded in 1988 and is headquartered in Denver, Colorado. 1ST NRG operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. 1st NRG Corp [FNRC] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

Management Performance

1st NRG Corp Management Team

Elected by the shareholders, the 1st NRG's board of directors comprises two types of representatives: 1st NRG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 1st. The board's role is to monitor 1st NRG's management team and ensure that shareholders' interests are well served. 1st NRG'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, 1st NRG's outside directors are responsible for providing unbiased perspectives on the board's policies.
Edward Renyk, Treasurer and Secretary
Joseph Schmidt, Chief Officer
Kevin Norris, CEO and Inside Director

1st 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 1st NRG 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 1st Pink Sheet

1st NRG financial ratios help investors to determine whether 1st 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 1st with respect to the benefits of owning 1st NRG security.