MEG Energy Management
Management criteria checks 4/4
We currently do not have sufficient information about the CEO.
Key information
Derek Evans
Chief executive officer
CA$5.4m
Total compensation
| CEO salary percentage | 12.2% |
| CEO tenure | 5.7yrs |
| CEO ownership | n/a |
| Management average tenure | 2.6yrs |
| Board average tenure | 7.1yrs |
Recent management updates
Recent updates
MEG Energy Corp. (TSE:MEG) Might Not Be As Mispriced As It Looks
Apr 21
The 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 08Results: MEG Energy Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts
Mar 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$5m | CA$652k | 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$5m | CA$616k | 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$4m | CA$600k | CA$283m |
| Sep 30 2021 | n/a | n/a | CA$121m |
| Jun 30 2021 | n/a | n/a | CA$58m |
| Mar 31 2021 | n/a | n/a | -CA$90m |
| Dec 31 2020 | CA$4m | CA$525k | -CA$357m |
| Sep 30 2020 | n/a | n/a | -CA$348m |
| Jun 30 2020 | n/a | n/a | -CA$315m |
| Mar 31 2020 | n/a | n/a | -CA$298m |
| Dec 31 2019 | CA$4m | CA$600k | -CA$62m |
| Sep 30 2019 | n/a | n/a | -CA$286m |
| Jun 30 2019 | n/a | n/a | -CA$192m |
| Mar 31 2019 | n/a | n/a | -CA$308m |
| Dec 31 2018 | CA$3m | CA$234k | -CA$119m |
Compensation vs Market: Derek's total compensation ($USD3.91M) is about average for companies of similar size in the Canadian market ($USD4.42M).
Compensation vs Earnings: Derek's compensation has been consistent with company performance over the past year.
CEO
Derek Evans (66 yo)
5.7yrs
Tenure
CA$5,354,731
Compensation
Mr. Derek W. Evans, B.Sc, has been the President, Chief Executive Officer and Director at MEG Energy Corporation since August 10, 2018. Mr. Evans has been an Independent Director of Franco-Nevada Corporati...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.7yrs | CA$5.35m | no data | |
| CFO & Head of IR Group | 1.7yrs | CA$2.32m | 0.0049% CA$ 419.1k | |
| Chief Operating Officer | 2.6yrs | CA$3.07m | 0.028% CA$ 2.4m | |
| Senior VP of Legal | 4.3yrs | CA$1.66m | 0.011% CA$ 957.5k | |
| Vice President of Operations | 1.8yrs | CA$1.48m | no data | |
| Senior Vice President of Human Resources | no data | no data | 0.011% CA$ 950.6k |
2.6yrs
Average Tenure
55yo
Average Age
Experienced Management: MEG's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.7yrs | CA$5.35m | no data | |
| Independent Director | 13.6yrs | CA$227.00k | 0.0064% CA$ 554.8k | |
| Independent Chair | 13.8yrs | CA$241.17k | 0.0015% CA$ 127.0k | |
| Independent Director | 10.1yrs | CA$219.33k | 0.26% CA$ 22.2m | |
| Independent Director | 3.8yrs | CA$225.00k | 0.015% CA$ 1.3m | |
| Independent Director | 1.9yrs | CA$217.00k | 0.0077% CA$ 665.4k | |
| Independent Director | 8.5yrs | CA$222.00k | 0.015% CA$ 1.3m | |
| Independent Director | 1.8yrs | CA$214.00k | 0.00033% CA$ 28.5k |
7.1yrs
Average Tenure
65yo
Average Age
Experienced Board: MEG's board of directors are considered experienced (7.1 years average tenure).