Journey Energy Management

Management criteria checks 3/4

Journey Energy's CEO is Alex Verge, appointed in Jul 2012, has a tenure of 11.75 years. total yearly compensation is CA$854.04K, comprised of 31.5% salary and 68.5% bonuses, including company stock and options. directly owns 6.85% of the company’s shares, worth CA$16.46M. The average tenure of the management team and the board of directors is 5.5 years and 2.9 years respectively.

Key information

Alex Verge

Chief executive officer

CA$854.0k

Total compensation

CEO salary percentage	31.5%
CEO tenure	11.8yrs
CEO ownership	6.8%
Management average tenure	5.5yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

Journey Energy Inc.'s (TSE:JOY) Shares Leap 27% Yet They're Still Not Telling The Full Story

Apr 26

Weak Statutory Earnings May Not Tell The Whole Story For Journey Energy (TSE:JOY)

Mar 19

We Like These Underlying Return On Capital Trends At Journey Energy (TSE:JOY)

Feb 06

We Ran A Stock Scan For Earnings Growth And Journey Energy (TSE:JOY) Passed With Ease

Dec 20

CEO Compensation Analysis

How has Alex Verge's remuneration changed compared to Journey Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	CA$16m
Sep 30 2023	n/a	n/a	CA$110m
Jun 30 2023	n/a	n/a	CA$118m
Mar 31 2023	n/a	n/a	CA$148m
Dec 31 2022	CA$854k	CA$269k	CA$155m
Sep 30 2022	n/a	n/a	CA$63m
Jun 30 2022	n/a	n/a	CA$140m
Mar 31 2022	n/a	n/a	CA$111m
Dec 31 2021	CA$834k	CA$250k	CA$99m
Sep 30 2021	n/a	n/a	CA$126m
Jun 30 2021	n/a	n/a	CA$26m
Mar 31 2021	n/a	n/a	CA$11m
Dec 31 2020	CA$396k	CA$227k	-CA$57m
Sep 30 2020	n/a	n/a	-CA$97m
Jun 30 2020	n/a	n/a	-CA$96m
Mar 31 2020	n/a	n/a	-CA$93m
Dec 31 2019	CA$407k	CA$214k	-CA$31m
Sep 30 2019	n/a	n/a	-CA$40m
Jun 30 2019	n/a	n/a	-CA$33m
Mar 31 2019	n/a	n/a	-CA$32m
Dec 31 2018	CA$575k	CA$240k	-CA$37m
Sep 30 2018	n/a	n/a	-CA$160m
Jun 30 2018	n/a	n/a	-CA$166m
Mar 31 2018	n/a	n/a	-CA$146m
Dec 31 2017	CA$690k	CA$243k	-CA$133m

Compensation vs Market: Alex's total compensation ($USD625.09K) is about average for companies of similar size in the Canadian market ($USD736.72K).

Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.

CEO

Alex Verge (62 yo)

11.8yrs

Tenure

CA$854,038

Compensation

Mr. Alexander G. Verge, also known as Alex, has been the Chief Executive Officer, President and Director of Journey Energy Inc. since July 1, 2012. Mr. Verge served as an Interim Chief Executive Officer of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alexander Verge	President	11.8yrs	CA$854.04k	6.85% CA$ 16.5m
Gerald Gilewicz	CFO & Corporate Secretary	11.6yrs	CA$726.81k	0.70% CA$ 1.7m
Richard Tracy	Vice President of Operations	1.8yrs	CA$535.70k	0.085% CA$ 203.8k
Brett Boklaschuk	Vice President of Exploration	8.9yrs	CA$579.32k	0.53% CA$ 1.3m
Aaron Bell	Vice President of Engineering	2yrs	CA$538.97k	0.095% CA$ 229.4k
Guido De Ciancio	Vice President of Land	2yrs	CA$525.90k	0.095% CA$ 229.0k

5.5yrs

Average Tenure

Experienced Management: JOY's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alexander Verge	President	11.8yrs	CA$854.04k	6.85% CA$ 16.5m
Craig Hansen	Independent Chairman	4.8yrs	CA$107.66k	0.47% CA$ 1.1m
Thomas Mullane	Independent Director	2.9yrs	CA$85.86k	0.18% CA$ 434.0k
Scott Treadwell	Independent Director	1.9yrs	CA$110.05k	no data
Reginald Smith	Independent Director	2.9yrs	CA$85.86k	0.028% CA$ 66.4k
Jenna Kaye	Independent Director	1.8yrs	CA$102.97k	no data

2.9yrs

Average Tenure

62yo

Average Age

Experienced Board: JOY's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Journey Energy Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Chairman recently bought CA$159k worth of stock

Journey Energy Inc., Annual General Meeting, May 23, 2024

High number of new directors

Insider recently bought CA$55k worth of stock

High number of new directors

Journey Energy Inc. Elects Scott Treadwell as Director

Recent updates

Journey Energy Inc.'s (TSE:JOY) Shares Leap 27% Yet They're Still Not Telling The Full Story

Consensus EPS estimates increase by 35%

Independent Chairman recently bought CA$159k worth of stock

Investor sentiment improves as stock rises 16%

Consensus EPS estimates increase by 23%

Consensus EPS estimates fall by 34%

Journey Energy Inc., Annual General Meeting, May 23, 2024

Weak Statutory Earnings May Not Tell The Whole Story For Journey Energy (TSE:JOY)

Price target decreased by 9.1% to CA$5.00

Full year 2023 earnings released: EPS: CA$0.26 (vs CA$2.95 in FY 2022)

We Like These Underlying Return On Capital Trends At Journey Energy (TSE:JOY)

Price target decreased by 8.3% to CA$5.55

Consensus EPS estimates fall by 10%

Journey Energy Inc. Provides Operating Guidance for the Year 2024

We Ran A Stock Scan For Earnings Growth And Journey Energy (TSE:JOY) Passed With Ease

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates fall by 12%

New minor risk - Profit margin trend

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Journey Energy's (TSE:JOY) Returns On Capital Are Heading Higher

Consensus EPS estimates increase by 17%

Investor sentiment improves as stock rises 16%

Journey Energy Inc. Provides Operating Guidance for the Year 2023

High number of new directors

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Returns Are Gaining Momentum At Journey Energy (TSE:JOY)

Price target increased by 8.3% to CA$7.80

Full year 2022 earnings released: EPS: CA$2.95 (vs CA$2.18 in FY 2021)

Investor sentiment improves as stock rises 17%

Price target decreased by 8.3% to CA$7.03

Journey Energy Inc. Provides Operating Guidance for the First Half of 2023

Does Journey Energy (TSE:JOY) Have A Healthy Balance Sheet?

Investor sentiment deteriorated over the past week

Price target decreased to CA$8.00

Third quarter 2022 earnings released: EPS: CA$0.29 (vs CA$2.02 in 3Q 2021)

Journey Energy Inc. Revised Production Guidance for the Year 2022 and Provides Production Results for 2023

Investor sentiment improved over the past week

Price target increased to CA$9.00

Investor sentiment improved over the past week

Is Journey Energy (TSE:JOY) A Risky Investment?

Insider recently bought CA$55k worth of stock

Price target increased to CA$8.00

Second quarter 2022 earnings released: EPS: CA$0.54 (vs CA$0.008 loss in 2Q 2021)

Investor sentiment improved over the past week

Journey Energy Inc. Revises Production Guidance for the Year 2022

Journey Energy (TSE:JOY) Is Finding It Tricky To Allocate Its Capital

Price target increased to CA$7.50

Is Now The Time To Put Journey Energy (TSE:JOY) On Your Watchlist?

Investor sentiment deteriorated over the past week

High number of new directors

Journey Energy Inc. Elects Scott Treadwell as Director

Investor sentiment improved over the past week

Insider recently sold CA$184k worth of stock

First quarter 2022 earnings released: EPS: CA$0.28 (vs CA$0.039 in 1Q 2021)

Journey Energy Inc. Revises Operating Guidance for the Full Year 2022

Price target increased to CA$6.92

Investor sentiment improved over the past week

CFO & Corporate Secretary recently bought CA$100k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Insider recently sold CA$130k worth of stock

Insider recently sold CA$96k worth of stock

Third quarter 2021 earnings released: EPS CA$2.02 (vs CA$0.19 loss in 3Q 2020)

Investor sentiment improved over the past week

Price target increased to CA$2.03

Price target increased to CA$1.95

Investor sentiment improved over the past week

Independent Chairman recently bought CA$73k worth of stock

Journey Energy Inc. (TSX:JOY) completed the acquisition of Briko Energy Corp.