MEG Energy Management
Management criteria checks 2/4
MEG Energy's CEO is Darlene Gates, appointed in May 2024, has a tenure of less than a year. total yearly compensation is CA$3.07M, comprised of 15.8% salary and 84.2% bonuses, including company stock and options. directly owns 0.028% of the company’s shares, worth CA$2.13M. The average tenure of the management team and the board of directors is 0.4 years and 4 years respectively.
Key information
Darlene Gates
Chief executive officer
CA$3.1m
Total compensation
| CEO salary percentage | 15.8% |
| CEO tenure | less than a year |
| CEO ownership | 0.03% |
| Management average tenure | less than a year |
| Board average tenure | 4yrs |
Recent management updates
Recent updates
MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher
Jun 18
Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Jun 04The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts
May 08Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 45%?
May 05MEG Energy Corp. (TSE:MEG) Might Not Be As Mispriced As It Looks
Apr 21The MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Sales Forecasts
Mar 05MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher
Mar 02Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Feb 13MEG Energy Corp. (TSE:MEG) Doing What It Can To Lift Shares
Jan 07MEG Energy Corp. (TSE:MEG) Shares Could Be 49% Below Their Intrinsic Value Estimate
Dec 20MEG Energy (TSE:MEG) Is Doing The Right Things To Multiply Its Share Price
Dec 01We Think MEG Energy (TSE:MEG) Can Stay On Top Of Its Debt
Sep 28MEG Energy Corp.'s (TSE:MEG) Intrinsic Value Is Potentially 88% Above Its Share Price
Sep 10Returns Are Gaining Momentum At MEG Energy (TSE:MEG)
Aug 23Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Jun 18Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 44%?
Jun 02MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue
May 13Here's Why We Think MEG Energy (TSE:MEG) Is Well Worth Watching
Apr 28MEG Energy (TSE:MEG) Seems To Use Debt Quite Sensibly
Feb 01If EPS Growth Is Important To You, MEG Energy (TSE:MEG) Presents An Opportunity
Jan 16Is MEG Energy Corp. (TSE:MEG) Trading At A 45% Discount?
Dec 04Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly
Oct 26Is Now The Time To Put MEG Energy (TSE:MEG) On Your Watchlist?
Sep 09Is MEG Energy Corp. (TSE:MEG) Trading At A 39% Discount?
Aug 19Is MEG Energy (TSE:MEG) Using Too Much Debt?
Jun 04An Intrinsic Calculation For MEG Energy Corp. (TSE:MEG) Suggests It's 35% Undervalued
May 08Newsflash: MEG Energy Corp. (TSE:MEG) Analysts Have Been Trimming Their Revenue Forecasts
May 08CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | CA$586m |
| Dec 31 2023 | CA$3m | CA$485k | CA$569m |
| Sep 30 2023 | n/a | n/a | CA$625m |
| Jun 30 2023 | n/a | n/a | CA$532m |
| Mar 31 2023 | n/a | n/a | CA$621m |
| Dec 31 2022 | CA$2m | CA$439k | CA$902m |
| Sep 30 2022 | n/a | n/a | CA$921m |
| Jun 30 2022 | n/a | n/a | CA$819m |
| Mar 31 2022 | n/a | n/a | CA$662m |
| Dec 31 2021 | CA$2m | CA$134k | CA$283m |
Compensation vs Market: Darlene's total compensation ($USD2.24M) is below average for companies of similar size in the Canadian market ($USD4.30M).
Compensation vs Earnings: Darlene's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Darlene Gates (53 yo)
less than a year
Tenure
CA$3,066,541
Compensation
Ms. Darlene M. Gates served as Chief Operating Officer of MEG Energy Corp. from September 7, 2021 to May 1, 2024 and has been its President and Chief Executive Officer since May 1, 2024 also serves as it's...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | CA$3.07m | 0.028% CA$ 2.1m | |
| CFO & Head of IR Group | 1.8yrs | CA$2.32m | 0.0049% CA$ 370.0k | |
| Senior Vice President of Legal & Corporate Development | 4.4yrs | CA$1.66m | 0.011% CA$ 845.3k | |
| Senior Vice President of Production | less than a year | CA$1.48m | no data | |
| Vice President of Communications & External Relations | less than a year | no data | no data | |
| Vice President of Corporate Development & Strategy | less than a year | no data | 0.00035% CA$ 26.5k | |
| Senior Vice President of Marketing | less than a year | no data | 0.017% CA$ 1.3m | |
| Senior Vice President of Human Resources | no data | no data | 0.011% CA$ 840.0k |
0.4yrs
Average Tenure
Experienced Management: MEG's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | CA$3.07m | 0.028% CA$ 2.1m | |
| Independent Director | 13.8yrs | CA$227.00k | 0.0065% CA$ 489.7k | |
| Independent Chair | 14yrs | CA$241.17k | 0.0015% CA$ 112.2k | |
| Independent Director | 10.3yrs | CA$219.33k | 0.26% CA$ 19.6m | |
| Independent Director | less than a year | no data | 0.0052% CA$ 391.9k | |
| Independent Director | 4yrs | CA$225.00k | 0.015% CA$ 1.1m | |
| Independent Director | 2.1yrs | CA$217.00k | 0.0077% CA$ 587.5k | |
| Independent Director | 8.7yrs | CA$222.00k | 0.015% CA$ 1.1m | |
| Independent Director | 1.9yrs | CA$214.00k | 0.00033% CA$ 25.0k |
4.0yrs
Average Tenure
65yo
Average Age
Experienced Board: MEG's board of directors are considered experienced (4 years average tenure).