Surge Energy Management

Management criteria checks 3/4

Surge Energy's CEO is Paul Colborne, appointed in May 2013, has a tenure of 14.08 years. total yearly compensation is CA$2.70M, comprised of 15.9% salary and 84.1% bonuses, including company stock and options. directly owns 1.02% of the company’s shares, worth CA$7.31M. The average tenure of the management team and the board of directors is 5.8 years and 13.9 years respectively.

Key information

Paul Colborne

Chief executive officer

CA$2.7m

Total compensation

CEO salary percentage	15.9%
CEO tenure	11yrs
CEO ownership	1.0%
Management average tenure	5.8yrs
Board average tenure	13.9yrs

Recent management updates

Recent updates

Industry Analysts Just Made A Meaningful Upgrade To Their Surge Energy Inc. (TSE:SGY) Revenue Forecasts

Nov 23

CEO Compensation Analysis

How has Paul Colborne's remuneration changed compared to Surge 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$149m
Jun 30 2023	n/a	n/a	CA$210m
Mar 31 2023	n/a	n/a	CA$268m
Dec 31 2022	CA$3m	CA$430k	CA$232m
Sep 30 2022	n/a	n/a	CA$171m
Jun 30 2022	n/a	n/a	CA$161m
Mar 31 2022	n/a	n/a	CA$396m
Dec 31 2021	CA$3m	CA$415k	CA$408m
Sep 30 2021	n/a	n/a	CA$307m
Jun 30 2021	n/a	n/a	CA$226m
Mar 31 2021	n/a	n/a	-CA$142m
Dec 31 2020	CA$2m	CA$415k	-CA$747m
Sep 30 2020	n/a	n/a	-CA$833m
Jun 30 2020	n/a	n/a	-CA$824m
Mar 31 2020	n/a	n/a	-CA$766m
Dec 31 2019	CA$2m	CA$415k	-CA$159m
Sep 30 2019	n/a	n/a	-CA$97m
Jun 30 2019	n/a	n/a	-CA$84m
Mar 31 2019	n/a	n/a	-CA$78m
Dec 31 2018	CA$2m	CA$415k	-CA$72m
Sep 30 2018	n/a	n/a	-CA$2m
Jun 30 2018	n/a	n/a	-CA$19m
Mar 31 2018	n/a	n/a	-CA$15m
Dec 31 2017	CA$2m	CA$156k	-CA$7m

Compensation vs Market: Paul's total compensation ($USD1.97M) is above average for companies of similar size in the Canadian market ($USD1.29M).

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

CEO

Paul Colborne (64 yo)

11yrs

Tenure

CA$2,696,489

Compensation

Mr. Paul Colborne has been President and Chief Executive Officer of Surge Energy Inc. since May 08, 2013 and its Director since April 13, 2010. Mr. Colborne serves as the President at StarValley Oil and Ga...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paul Colborne	President	11yrs	CA$2.70m	1.02% CA$ 7.3m
Jared Ducs	Chief Financial Officer	5.8yrs	CA$1.32m	0.074% CA$ 529.8k
Murray Bye	Chief Operating Officer	5.8yrs	CA$1.32m	0.22% CA$ 1.6m
Margaret Elekes	Senior Vice President of Land & Business Development	5.8yrs	CA$1.25m	0.27% CA$ 2.0m
Derek Christie	Senior Vice President of Geosciences	4.5yrs	CA$1.21m	0.20% CA$ 1.5m
Michael Bennett	Corporate Secretary	no data	no data	0.010% CA$ 75.3k

5.8yrs

Average Tenure

Experienced Management: SGY's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Paul Colborne	President	14.1yrs	CA$2.70m	1.02% CA$ 7.3m
James Pasieka	Independent Chairman of the Board	14.1yrs	CA$164.00k	0.14% CA$ 974.0k
Peter O'Neil	Independent Director	14.1yrs	CA$139.00k	0.072% CA$ 516.6k
Robert Leach	Lead Independent Director	14.1yrs	CA$129.00k	0.60% CA$ 4.3m
Daryl Gilbert	Independent Director	9.9yrs	CA$139.00k	0.034% CA$ 245.3k
Murray Smith	Independent Director	13.9yrs	CA$139.00k	0.038% CA$ 273.3k
Marion Burnyeat	Independent Director	5.8yrs	CA$129.00k	0.027% CA$ 191.7k
Michelle Gramatke	Independent Director	5yrs	CA$129.00k	0.030% CA$ 219.1k
Allison Maher	Independent Director	5.8yrs	CA$144.00k	0.035% CA$ 253.9k

13.9yrs

Average Tenure

67yo

Average Age

Experienced Board: SGY's board of directors are seasoned and experienced ( 13.9 years average tenure).

Surge Energy Management

Management criteria checks 3/4

Key information

Recent management updates

Chief Financial Officer recently sold CA$100k worth of stock

Surge Energy Inc., Annual General Meeting, May 14, 2024

Insider recently sold CA$287k worth of stock

Insider recently sold CA$220k worth of stock

Insufficient new directors

Recent updates

Upcoming dividend of CA$0.04 per share

Consensus EPS estimates fall by 10%

Dividend of CA$0.04 announced

Surge Energy Inc. Confirms May 2024 Dividend, Payable on May 15, 2024

Surge Energy Inc. to Report Q1, 2024 Results on May 08, 2024

Chief Financial Officer recently sold CA$100k worth of stock

Upcoming dividend of CA$0.04 per share

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Dividend of CA$0.04 announced

Surge Energy Inc. Confirms April 2024 Dividend, Payable on April 15, 2024

Consensus EPS estimates fall by 39%

New minor risk - Earnings quality

Full year 2023 earnings: EPS and revenues miss analyst expectations

Surge Energy Inc., Annual General Meeting, May 14, 2024

Upcoming dividend of CA$0.04 per share

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Dividend of CA$0.04 announced

Surge Energy Inc. Confirms March 2024 Dividend, Payable on March 15, 2024

Surge Energy Inc. to Report Fiscal Year 2023 Results on Mar 06, 2024

Upcoming dividend of CA$0.04 per share at 7.6% yield

Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

Surge Energy Inc. Confirms February 2024 Dividend, Payable on February 15, 2024

Upcoming dividend of CA$0.04 per share at 7.2% yield

Surge Energy Inc. Confirms Confirms January 2024 Dividend, Payable on January 15, 2024

Consensus EPS estimates fall by 13%

Upcoming dividend of CA$0.04 per share at 5.8% yield

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Surge Energy Inc. Confirms Cash Dividend in Respect of November 2023, Payable on December 15, 2023

Consensus EPS estimates fall by 20%

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

Surge Energy Inc. Provides Production Guidance for the Year 2023

Surge Energy Inc. to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of CA$0.04 per share at 5.2% yield

Consensus EPS estimates increase by 17%, revenue downgraded

Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

Price target increased by 7.0% to CA$13.57

Surge Energy Inc. Confirms November 2023 Dividend, Payable on November 15, 2023

Surge Energy Inc. announced that it expects to receive $6.3 million in funding

Surge Energy Inc. announced that it expects to receive $6.3 million in funding

Insider recently sold CA$287k worth of stock

Upcoming dividend of CA$0.04 per share at 5.2% yield

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Surge Energy Inc. Announces Cash Dividend in Respect of September 2023 Production, Payable on October 16, 2023

Upcoming dividend of CA$0.04 per share at 5.9% yield

Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

Surge Energy Inc. Announces Cash Dividend for August 2023, Payable on September 15, 2023

Insider recently sold CA$220k worth of stock

Second quarter 2023 earnings: EPS misses analyst expectations

Surge Energy Inc. to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of CA$0.04 per share at 6.1% yield

Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

Surge Energy Inc. Announces Cash Dividend for July 2023, Payable August 15, 2023

Consensus EPS estimates fall by 19%

Upcoming dividend of CA$0.04 per share at 6.6% yield

Surge Energy Inc. Announces Dividend for July 2023, Payable on July 17, 2023

Upcoming dividend of CA$0.04 per share at 6.2% yield

Surge Energy Inc. Confirms June 2023 Dividend, Payable on June 15, 2023

Consensus EPS estimates fall by 54%

First quarter 2023 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 17%

Consensus EPS estimates increase by 19%, revenue downgraded

Consensus EPS estimates increase by 57%

Upcoming dividend of CA$0.04 per share at 5.7% yield

Consensus EPS estimates increase by 88%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of CA$0.04 per share at 5.5% yield

Surge Energy Inc. Confirms March 2023 Dividend, to Be Paid on March 15, 2023

Upcoming dividend of CA$0.04 per share

Surge Energy Inc. Increases February 2023 Dividend, Payable on February 15, 2023

Upcoming dividend of CA$0.035 per share