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 0.038% of the company’s shares, worth CA$2.27M. The average tenure of the management team and the board of directors is 0.9 years and 3.5 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 | 0.04% |
| Management average tenure | less than a year |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
Does MEG Energy (TSE:MEG) Deserve A Spot On Your Watchlist?
Oct 15
Is MEG Energy (TSE:MEG) Using Too Much Debt?
Oct 03MEG Energy (TSE:MEG) Shareholders Will Want The ROCE Trajectory To Continue
Sep 19Fewer Investors Than Expected Jumping On MEG Energy Corp. (TSE:MEG)
Aug 10MEG Energy's (TSE:MEG) Returns On Capital Are Heading Higher
Jun 18Here'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 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | CA$504m |
| Jun 30 2024 | n/a | n/a | CA$586m |
| 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$283m |
Compensation vs Market: Darlene's total compensation ($USD2.13M) is below average for companies of similar size in the Canadian market ($USD3.17M).
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$3.07m | 0.038% CA$ 2.3m | |
| CFO & Head of IR Group | 2.3yrs | CA$2.32m | 0.0050% CA$ 298.9k | |
| Senior Vice President of Legal & Corporate Development | 4.9yrs | CA$1.66m | 0.011% CA$ 682.9k | |
| Senior Vice President of Production | less than a year | CA$1.48m | no data | |
| Vice President of Communications & External Relations | less than a year | no data | no data | |
| Vice President of Corporate Development & Strategy | less than a year | no data | 0.00036% CA$ 21.4k | |
| Senior Vice President of Marketing | less than a year | no data | 0.017% CA$ 1.0m | |
| Senior Vice President of Human Resources | no data | no data | 0.011% CA$ 678.1k | |
| Vice President of Development | no data | no data | no data |
0.9yrs
Average Tenure
Experienced Management: MEG's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | CA$3.07m | 0.038% CA$ 2.3m | |
| Independent Director | 14.3yrs | CA$227.00k | 0.0066% CA$ 395.3k | |
| Independent Chair | 14.5yrs | CA$241.17k | 0.0053% CA$ 316.7k | |
| Independent Director | 10.8yrs | CA$219.33k | 0.27% CA$ 15.8m | |
| Independent Director | less than a year | no data | 0.0053% CA$ 316.7k | |
| Independent Director | 4.5yrs | CA$225.00k | 0.015% CA$ 904.4k | |
| Independent Director | less than a year | no data | 0.0089% CA$ 529.3k | |
| Independent Director | 2.6yrs | CA$217.00k | 0.0093% CA$ 553.7k | |
| Independent Director | 9.2yrs | CA$222.00k | 0.015% CA$ 900.2k | |
| Independent Director | 2.4yrs | CA$214.00k | 0.00034% CA$ 20.2k |
3.5yrs
Average Tenure
65yo
Average Age
Experienced Board: MEG's board of directors are considered experienced (3.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 23:50 |
| End of Day Share Price | 2024/12/19 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
MEG Energy Corp. is covered by 38 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 |
|---|---|
| Patrick O'Rourke | ATB Capital Markets |
| Thomas Driscoll | Barclays |
| Randy Ollenberger | BMO Capital Markets Equity Research |