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Viking Energy Group Inc   (VKIN)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $0.8070 $0.08 11.310%
Day's High: $0.807 Week Perf: 21.9 %
Day's Low: $ 0.72 30 Day Perf: 91.91 %
Volume (M): 700 52 Wk High: $ 0.83
Volume (M$): $ 565 52 Wk Avg: $0.50
Open: $0.74 52 Wk Low: $0.26



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 5
 Revenues (TTM) (Millions $) 25
 Net Income (TTM) (Millions $) -14
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 0

Viking Energy Group Inc

Viking Investments Group, Inc., was incorporated under the laws of the State of Florida on May 3, 1989, as Sparta Ventures Corp. and remained inactive until June 27, 1998. After several name changes, the Company merged with and into a wholly-owned subsidiary, SinoCubate, Inc., which remained the surviving entity of the merger. SinoCubate, Inc. was formed in the State of Nevada on September 11, 2008. The merger resulted in a change of name of the Company from Synthenol Inc. to SinoCubate, Inc., and a change in the state of incorporation of the Company from Florida to Nevada. On June 13, 2012, the Company changed its name to Viking Investments Group, Inc.

The Company’s business plan is to provide professional advisory and consulting services to companies undergoing or anticipating periods of rapid growth, significant change or ownership transition, and when justified, staffing, financing, and/or providing operational support to such companies. Target companies must have superior management, intimate knowledge of their particular industry and a sound business plan, along with a desire and receptiveness for specific expertise to advance the companys business objectives. Viking’s primary focus is directed toward North America, targeting various industries. Viking targets under-valued businesses with realistic appreciation potential and a defined exit strategy.

Viking Investments is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Viking Investments is not an investment adviser pursuant to the Investment Advisers Act of 1940. Viking Investments is not registered with FINRA or SIPC.



   Company Address: 15915 Katy Freeway Houston 77094 TX
   Company Phone Number: 404 4387   Stock Exchange / Ticker: VKIN
   VKIN is expected to report next financial results on March 23, 2024.


   

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Viking Energy Group Inc

Headline: Viking Energy Group Inc Sees 22.37% Revenue Surge in Q1 2023, but Bearish Outlook Remains

Despite Viking Energy Group Inc?s reported 22.37% increase in revenue for the first quarter of 2023, there are several indicators that suggest a bearish outlook for the company. It is important to note that while revenue per employee grew on a trailing twelve months basis to $5,072,446, the productivity of Viking Energy Group Inc?s employees was only 2.0588283648002E-11%, which is above the company average, indicating a weak workforce. With only 5 employees, Viking Energy Group Inc?s small team is underperforming in comparison to its peers within the Energy sector. Indeed, only 37 other companies within the Energy sector have achieved higher revenue per employee.
Furthermore, Viking Energy Group Inc?s overall ranking has deteriorated compared to the fourth quarter of 2022 from 94 to 145, showing a decline in the company?s overall performance. The surge in revenue could not lift Viking Energy Group Inc?s bottom-line. In the January to March 31, 2023 interval, the company reached zero at $0.00 per share, while revenue jumped by 22.366% to $7.24 million from the same quarter of the previous year. However, compared to the prior period where earnings per share were at $0.12 and revenue surged by 34.854% to $5.37 million, the company?s recent earnings are weak.
Moreover, Viking Energy Group Inc realized a net shortfall of $0.000 million for the January to March 2023 interval compared to zero in the same reporting period a year before. This realization suggests that the company is experiencing financial difficulties. With these figures in mind and Viking Energy Group Inc?s financial results expected to be published on June 06, 2023, it would be reasonable for investors to have a bearish outlook.






 

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