Advantage Energy Management
Management criteria checks 4/4
Advantage Energy's CEO is Mike Belenkie, appointed in Nov 2019, has a tenure of 5.25 years. total yearly compensation is CA$2.59M, comprised of 17% salary and 83% bonuses, including company stock and options. directly owns 0.6% of the company’s shares, worth CA$9.06M. The average tenure of the management team and the board of directors is 8.1 years and 3.8 years respectively.
Key information
Mike Belenkie
Chief executive officer
CA$2.6m
Total compensation
| CEO salary percentage | 17.0% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.6% |
| Management average tenure | 8.1yrs |
| Board average tenure | 3.8yrs |
Recent management updates
Recent updates
Is There An Opportunity With Advantage Energy Ltd.'s (TSE:AAV) 43% Undervaluation?
Jan 09
Advantage Energy (TSE:AAV) Has A Somewhat Strained Balance Sheet
Nov 12A Look At The Intrinsic Value Of Advantage Energy Ltd. (TSE:AAV)
Oct 02Investors Still Waiting For A Pull Back In Advantage Energy Ltd. (TSE:AAV)
Aug 23Advantage Energy's (TSE:AAV) Anemic Earnings Might Be Worse Than You Think
Aug 01Is Advantage Energy (TSE:AAV) Using Too Much Debt?
Jul 30Industry Analysts Just Upgraded Their Advantage Energy Ltd. (TSE:AAV) Revenue Forecasts By 19%
Jun 25Is Advantage Energy (TSE:AAV) A Risky Investment?
Apr 10Investors Don't See Light At End Of Advantage Energy Ltd.'s (TSE:AAV) Tunnel
Feb 12A Look At The Fair Value Of Advantage Energy Ltd. (TSE:AAV)
Jan 28Here's Why Advantage Energy (TSE:AAV) Has A Meaningful Debt Burden
Nov 01Is There An Opportunity With Advantage Energy Ltd.'s (TSE:AAV) 48% Undervaluation?
Sep 16We Think Advantage Energy (TSE:AAV) Can Stay On Top Of Its Debt
May 19An Intrinsic Calculation For Advantage Energy Ltd. (TSE:AAV) Suggests It's 39% Undervalued
Feb 21Advantage Energy (TSE:AAV) Has A Pretty Healthy Balance Sheet
Jan 30Here's Why We Think Advantage Energy (TSE:AAV) Might Deserve Your Attention Today
Dec 30Advantage Energy (TSE:AAV) Seems To Use Debt Quite Sensibly
Oct 10We Ran A Stock Scan For Earnings Growth And Advantage Energy (TSE:AAV) Passed With Ease
Aug 23Advantage Energy (TSE:AAV) Has A Pretty Healthy Balance Sheet
Jul 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | CA$46m |
| Jun 30 2024 | n/a | n/a | CA$80m |
| Mar 31 2024 | n/a | n/a | CA$95m |
| Dec 31 2023 | CA$3m | CA$442k | CA$102m |
| Sep 30 2023 | n/a | n/a | CA$175m |
| Jun 30 2023 | n/a | n/a | CA$187m |
| Mar 31 2023 | n/a | n/a | CA$349m |
| Dec 31 2022 | CA$3m | CA$400k | CA$339m |
| Sep 30 2022 | n/a | n/a | CA$585m |
| Jun 30 2022 | n/a | n/a | CA$587m |
| Mar 31 2022 | n/a | n/a | CA$432m |
| Dec 31 2021 | CA$2m | CA$355k | CA$412m |
| Sep 30 2021 | n/a | n/a | CA$76m |
| Jun 30 2021 | n/a | n/a | CA$11m |
| Mar 31 2021 | n/a | n/a | -CA$18m |
| Dec 31 2020 | CA$2m | CA$355k | -CA$284m |
| Sep 30 2020 | n/a | n/a | -CA$310m |
| Jun 30 2020 | n/a | n/a | -CA$315m |
| Mar 31 2020 | n/a | n/a | -CA$292m |
| Dec 31 2019 | CA$2m | CA$340k | -CA$25m |
| Sep 30 2019 | n/a | n/a | CA$2m |
| Jun 30 2019 | n/a | n/a | CA$20m |
| Mar 31 2019 | n/a | n/a | CA$2m |
| Dec 31 2018 | CA$991k | CA$68k | CA$11m |
Compensation vs Market: Mike's total compensation ($USD1.81M) is about average for companies of similar size in the Canadian market ($USD1.74M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Belenkie (49 yo)
5.3yrs
Tenure
CA$2,591,173
Compensation
Mr. Michael E. Belenkie, also known as Mike, P. Eng., B.Sc., serves as President & Chief Executive Officer, Board Member at Entropy Inc. He serves as Chief Executive Officer and Director at Advantage Energ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | CA$2.59m | 0.60% CA$ 9.1m | |
| Chief Financial Officer | 11.5yrs | CA$1.62m | 0.63% CA$ 9.4m | |
| VP of Corporate Development | 3.1yrs | CA$930.85k | 0.057% CA$ 855.9k | |
| Senior Vice President | 10.9yrs | CA$1.53m | 0.88% CA$ 13.3m | |
| Vice President of Geosciences | 3.1yrs | CA$939.65k | 0.099% CA$ 1.5m | |
| VP of Commodities & Capital Markets | 1.3yrs | no data | 0.0022% CA$ 33.8k | |
| Controller | 20.4yrs | no data | no data | |
| Corporate Secretary | 23.8yrs | no data | no data |
8.1yrs
Average Tenure
55yo
Average Age
Experienced Management: AAV's management team is seasoned and experienced (8.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.1yrs | CA$2.59m | 0.60% CA$ 9.1m | |
| Independent Director | less than a year | no data | 0.060% CA$ 903.9k | |
| Director | 18.7yrs | CA$125.00k | 0.42% CA$ 6.4m | |
| Director | less than a year | no data | 0.036% CA$ 542.4k | |
| Independent Director | 9.8yrs | CA$125.00k | 0.048% CA$ 723.1k | |
| Independent Director | 3.8yrs | CA$125.00k | 0.060% CA$ 903.9k | |
| Independent Chairman of the Board | 17.5yrs | CA$190.00k | 0.045% CA$ 686.6k | |
| Independent Director | 2.3yrs | CA$132.50k | 0.0012% CA$ 18.6k | |
| Independent Director | 4.7yrs | CA$125.00k | 0.051% CA$ 768.4k | |
| Independent Director | 3.8yrs | CA$130.21k | 0.037% CA$ 551.4k |
3.8yrs
Average Tenure
62.5yo
Average Age
Experienced Board: AAV's board of directors are considered experienced (3.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 00:56 |
| End of Day Share Price | 2025/02/07 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Advantage Energy Ltd. is covered by 25 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Laique Ahmad Amir Arif | ATB Capital Markets |
| Patrick O'Rourke | ATB Capital Markets |
| Tariq Saad | BMO Capital Markets Equity Research |