Torstein Sanness - TGS NOPEC Independent Director

TGS Stock  NOK 120.00  2.70  2.20%   

Director

Mr. Torstein Sanness was Independent Director at TGS Nopec Geophysical Company ASA since May 10, 2016. Mr. Sanness served as the Chairman of Lundin Norway from April 2015 to March 2017, when he moved to the board of International Petroleum Corporationration, a Lundin Group company. He previously served as the Managing Director of Lundin Norway from 2004 to 2015. From 2000 to 2004, he served as Managing Director of Det Norske Oljeselskap AS, and from 1972 to 2000, he served in various capacities for Saga Petroleum, working primarily in the exploration and development of Sagas oil and gas interests globally. Mr. Sanness serves as a board member for Panoro Energy ASA and Sevan Marine ASA. since 2016.
Age 71
Tenure 8 years
Phone47 22 55 04 00
Webhttps://www.tgs.com

TGS NOPEC Management Efficiency

The company has return on total asset (ROA) of 0.1249 % which means that it generated a profit of $0.1249 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0735 %, meaning that it generated $0.0735 on every $100 dollars invested by stockholders. TGS NOPEC's management efficiency ratios could be used to measure how well TGS NOPEC manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 33.02 M in total debt with debt to equity ratio (D/E) of 1.8, which is about average as compared to similar companies. TGS NOPEC Geophysical has a current ratio of 1.52, which is within standard range for the sector. Debt can assist TGS NOPEC until it has trouble settling it off, either with new capital or with free cash flow. So, TGS NOPEC'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 TGS NOPEC Geophysical sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for TGS to invest in growth at high rates of return. When we think about TGS NOPEC's use of debt, we should always consider it together with cash and equity.
TGS-NOPEC Geophysical Company ASA provides geoscientific data products and services to the oil and gas industry worldwide. TGS-NOPEC Geophysical Company ASA was founded in 1981 and is headquartered in Asker, Norway. TGS NOPEC operates under Oil Gas Equipment Services classification in Norway and is traded on Oslo Stock Exchange. It employs 547 people. TGS NOPEC Geophysical (TGS) is traded on Oslo Stock Exchange in Norway and employs 34 people.

Management Performance

TGS NOPEC Geophysical Leadership Team

Elected by the shareholders, the TGS NOPEC's board of directors comprises two types of representatives: TGS NOPEC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TGS. The board's role is to monitor TGS NOPEC's management team and ensure that shareholders' interests are well served. TGS NOPEC'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, TGS NOPEC's outside directors are responsible for providing unbiased perspectives on the board's policies.
Knut Agersborg, Vice President - Global Services
John Adamick, Senior Vice President - Geological Products & Services
Jan Schoolmeesters, Ex Solutions
Elisabeth Grieg, Independent Director
Henry Hamilton, Chairman of the Board
Katja Akentieva, Senior Vice President Western Hemisphere
Christopher Finlayson, Director
Scott Michell, VP Imaging
Tor Lonnum, Independent Director
Tanya Herwanger, Vice President Africa and Middle East
David Hajovsky, Ex Hemisphere
William Ashby, Vice President Human Resources & Communication
Torstein Sanness, Independent Director
Vicki Messer, Independent Director
Scott Schneider, Vice President Information Technology, Information Systems
Katja Akantieva, Senior Vice President Onshore
Paul Young, Managing Pacific
Robert Hobbs, CEO
Mark Leonard, Independent Director
Zhiming Li, Senior Vice President - Data Processing, Research and Development
Nils Dyvik, Director
Irene Egset, Director
Genevieve Erneta, Vice President - Human Resources
Wenche Agerup, Independent Director
Will Ashby, Ex Hemisphere
Elisabeth Harstad, Independent Director
Sven Larsen, Chief Officer
Jaclyn Townsend, Director Marketing
Whitney JD, Ex Sustainability
Fredrik Amundsen, Senior Vice President Europe and Asia Pacific
Thorstein Sanness, Director
Tana Pool, Vice President General Counsel, Corporate Secretary
Kristian Johansen, Chief Officer
Stein Isaksen, Senior Vice President Eastern Hemisphere

TGS Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is TGS NOPEC 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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Please note, there is a significant difference between TGS NOPEC's value and its price as these two are different measures arrived at by different means. Investors typically determine if TGS NOPEC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TGS NOPEC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.