Tor Bjerkestrand - Okea ASA Senior Vice President Operations

OKEA Stock  NOK 19.99  0.09  0.45%   

Insider

Tor Bjerkestrand is Senior Vice President Operations of Okea ASA
Phone47 73 52 52 22
Webhttps://okea.no

Okea ASA Management Efficiency

The company has return on total asset (ROA) of 0.1564 % which means that it generated a profit of $0.1564 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3537 %, meaning that it generated $0.3537 on every $100 dollars invested by stockholders. Okea ASA's management efficiency ratios could be used to measure how well Okea ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Okea ASA has accumulated 1.85 B in total debt with debt to equity ratio (D/E) of 2.32, implying the company greatly relies on financing operations through barrowing. Okea ASA has a current ratio of 1.95, which is within standard range for the sector. Debt can assist Okea ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Okea 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 Okea ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Okea to invest in growth at high rates of return. When we think about Okea ASA's use of debt, we should always consider it together with cash and equity.

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OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian continental shelf. The company was incorporated in 2015 and is headquartered in Trondheim, Norway. OKEA ASA is traded on Oslo Stock Exchange in Norway. Okea ASA (OKEA) is traded on Oslo Stock Exchange in Norway and employs 26 people.

Management Performance

Okea ASA Leadership Team

Elected by the shareholders, the Okea ASA's board of directors comprises two types of representatives: Okea ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Okea. The board's role is to monitor Okea ASA's management team and ensure that shareholders' interests are well served. Okea 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, Okea ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Svein Liknes, Chief Officer
Marit VikLanglie, Vice President Legal
Espen Myhra, SVP Devel
Rune Pedersen, Director
Henrik Schroeder, Deputy Chairman of the Board
Prisana Praharnkhasuk, Director
Erik Haugane, Chief Executive Officer
Jan Johansen, Director
Kjersti Hovdal, Senior Vice President Accounting and Controlling
Tor Bjerkestrand, Senior Vice President Operations
Bodil Alteren, Vice President HSE
Dag Eggan, Senior Vice President Business Performance
Liv Stubholt, Director
Knut Gjertsen, Senior Vice President - Project and Technology
Andrew McCann, Senior Vice President Subsurface
Stale Myhre, Vice President Investor Relation and Communication
Chaiwat Kovavisarach, Chairman of the Board
Finn Haugan, Director
Ola Moe, Senior Vice President Business Development
Ida Lundh, Director
Trond Omdal, VP Relations
Anne Romuld, Director
Michael Fischer, Director
Nicola Gordon, Director
Birte Norheim, Chief Officer

Okea Stock Performance Indicators

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Other Information on Investing in Okea Stock

Okea ASA financial ratios help investors to determine whether Okea Stock 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 Okea with respect to the benefits of owning Okea ASA security.