0.20
—
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
About Barrel Energy
From its filings with the US Securities and Exchange Commission
Barrel Energy is based in Las Vegas, Nevada and is incorporated in Nevada. Its shares trade on OTC under the ticker BRLL. The SEC classifies its business as crude petroleum & natural gas. In the fiscal year to 30 September 2020, it reported a net loss of $2.7m. At that date it held total assets of $3.8m and shareholders' equity of −$1.7m.
Barrel Energy Inc (“Barrel” or the “Company”) was incorporated on January 27, 2014, under the laws of the State of Nevada. The Company was formed to invest in the energy sector. On September 26, 2014, the Company leased the Bison Property, an unproven oil and gas project in the province of Alberta, Canada. The Bison property is comprised of four sections of interest (land totaling 2,560 acres located in northwestern Alberta in an area called the Peace River Arch an area known for its prolific oil and natural gas wells and is one of the most desirable light oil and natural gas liquids drilling areas in North America.
On October 11, 2018, the Company entered into an Earn-In Agreement with True Grit Resources, a British Columbia corporation (“TGR”), an unrelated third party. In exchange for the stepped payments by the Company, Barrel could earn of to 100% participation interest in certain mineral rights leases that TGR held in Arizona. The Company was to earn a 70% interest by expending a cumulative $1,400,000 on the property and to secure the 100% participation interest. The Company was required to expend a cumulative amount of payments and property expenditures of $2,400,000.
Quoted from its 10-K, filed 7 Feb 2022. Read the filing on SEC.gov ↗
Company facts
- Sector
- Health Care
- Industry
- Pharmaceuticals
- Listed since
- 1 Jun 2017
- Employees
- 3
- Website
- barrelenergyinc.com ↗
- Head office
- 3859 S VALLEY VIEW BLVD, LAS VEGAS, NV
- Incorporated in
- NV
- Classification
- Crude Petroleum & Natural Gas
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Harpreet SanghaChairman of the Board, since 2018$180,000
- Mr. Craig AlfordPresident, Chief Executive Officer, Director, since 2018$132,000
- Mr. Stuart PhilipDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Barrel Energy Inc possesses several strengths that contribute to its success in the market. Firstly, the company has a strong and experienced management team with extensive knowledge of the energy industry. This enables them to make informed decisions and respond effectively to market changes.
- Secondly, Barrel Energy Inc has established strategic partnerships with key suppliers, allowing them to access reliable and cost-effective energy sources. This ensures a steady supply of raw materials, minimizing production disruptions and enhancing operational efficiency.
Weaknesses
- Despite its strengths, Barrel Energy Inc also faces certain weaknesses that need to be addressed. One of the main weaknesses is the company's limited brand recognition and market presence. This may hinder its ability to attract new customers and expand its market share.
- Additionally, the company relies heavily on a single geographic region for its operations, which exposes it to risks associated with that particular market. Diversifying its operations across multiple regions could help mitigate these risks and provide opportunities for growth.
Opportunities
- Barrel Energy Inc can capitalize on several opportunities to further enhance its position in the market. Firstly, the increasing global demand for renewable energy sources presents an opportunity for the company to expand its product offerings in this sector. This aligns with the growing environmental consciousness and sustainability trends.
- Secondly, advancements in technology present opportunities for improved operational efficiency and cost savings. By incorporating innovative technologies into their processes, Barrel Energy Inc can streamline operations, reduce expenses, and gain a competitive edge.
Threats
- Barrel Energy Inc faces various threats that should be mitigated to ensure its long-term success. One significant threat is the volatility of energy prices, which can significantly impact profit margins and financial stability. The company must employ effective risk management strategies to mitigate the potential negative consequences of price fluctuations.
- Additionally, increasing government regulations and policies aimed at reducing carbon emissions pose a threat to traditional energy sources. Barrel Energy Inc should actively adapt its business model to meet these regulations and explore sustainable energy alternatives to minimize the risk of being left behind in the evolving industry.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.