Surge Energy Inc.

TSX:SGY Stock Report

Market Cap: CA$577.3m

Surge Energy Management

Management criteria checks 2/4

Surge Energy's CEO is Paul Colborne, appointed in May 2013, has a tenure of 11.5 years. total yearly compensation is CA$3.38M, comprised of 13.8% salary and 86.2% bonuses, including company stock and options. directly owns 1.01% of the company’s shares, worth CA$5.84M. The average tenure of the management team and the board of directors is 6.3 years and 14.4 years respectively.

Key information

Paul Colborne

Chief executive officer

CA$3.4m

Total compensation

CEO salary percentage13.8%
CEO tenure11.5yrs
CEO ownership1.0%
Management average tenure6.3yrs
Board average tenure14.4yrs

Recent management updates

Shareholders May Not Be So Generous With Surge Energy Inc.'s (TSE:SGY) CEO Compensation And Here's Why

May 08
Shareholders May Not Be So Generous With Surge Energy Inc.'s (TSE:SGY) CEO Compensation And Here's Why

Recent updates

Surge Energy's (TSE:SGY) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 19
Surge Energy's (TSE:SGY) Shareholders Will Receive A Bigger Dividend Than Last Year

Surge Energy (TSE:SGY) Is Increasing Its Dividend To CA$0.043

Jul 18
Surge Energy (TSE:SGY) Is Increasing Its Dividend To CA$0.043

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

Jun 20
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Surge Energy (TSE:SGY) Is Paying Out A Dividend Of CA$0.04

May 23
Surge Energy (TSE:SGY) Is Paying Out A Dividend Of CA$0.04

Shareholders May Not Be So Generous With Surge Energy Inc.'s (TSE:SGY) CEO Compensation And Here's Why

May 08
Shareholders May Not Be So Generous With Surge Energy Inc.'s (TSE:SGY) CEO Compensation And Here's Why

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

Mar 18
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

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

Feb 19
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

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

Jan 19
Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

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

Nov 18
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

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

Oct 19
Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

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

Sep 19
Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

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

Aug 18
Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

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

Jul 20
Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

CEO Compensation Analysis

How has Paul Colborne's remuneration changed compared to Surge Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$81m

Jun 30 2024n/an/a

-CA$81m

Mar 31 2024n/an/a

-CA$3m

Dec 31 2023CA$3mCA$465k

CA$16m

Sep 30 2023n/an/a

CA$149m

Jun 30 2023n/an/a

CA$210m

Mar 31 2023n/an/a

CA$268m

Dec 31 2022CA$3mCA$430k

CA$232m

Sep 30 2022n/an/a

CA$171m

Jun 30 2022n/an/a

CA$161m

Mar 31 2022n/an/a

CA$396m

Dec 31 2021CA$3mCA$415k

CA$408m

Sep 30 2021n/an/a

CA$307m

Jun 30 2021n/an/a

CA$226m

Mar 31 2021n/an/a

-CA$142m

Dec 31 2020CA$2mCA$415k

-CA$747m

Sep 30 2020n/an/a

-CA$833m

Jun 30 2020n/an/a

-CA$824m

Mar 31 2020n/an/a

-CA$766m

Dec 31 2019CA$2mCA$415k

-CA$159m

Sep 30 2019n/an/a

-CA$97m

Jun 30 2019n/an/a

-CA$84m

Mar 31 2019n/an/a

-CA$78m

Dec 31 2018CA$2mCA$415k

-CA$72m

Sep 30 2018n/an/a

-CA$2m

Jun 30 2018n/an/a

-CA$19m

Mar 31 2018n/an/a

-CA$15m

Dec 31 2017CA$2mCA$156k

-CA$7m

Compensation vs Market: Paul's total compensation ($USD2.41M) is above average for companies of similar size in the Canadian market ($USD1.17M).

Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.

CEO

Paul Colborne (65 yo)

11.5yrs

Tenure

CA$3,379,318

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

NamePositionTenureCompensationOwnership
Paul Colborne
President11.5yrsCA$3.38m1.01%
CA$ 5.8m
Jared Ducs
Chief Financial Officer6.3yrsCA$1.65m0.17%
CA$ 966.0k
Murray Bye
Chief Operating Officer6.3yrsCA$1.65m0.32%
CA$ 1.9m
Margaret Elekes
Senior Vice President of Land & Business Development6.3yrsCA$1.53m0.38%
CA$ 2.2m
Derek Christie
Senior Vice President of Geosciences5yrsCA$1.52m0.31%
CA$ 1.8m
Michael Bennett
Corporate Secretaryno datano data0.010%
CA$ 60.2k

6.3yrs

Average Tenure

Experienced Management: SGY's management team is seasoned and experienced (6.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Paul Colborne
President14.6yrsCA$3.38m1.01%
CA$ 5.8m
James Pasieka
Independent Chairman of the Board14.6yrsCA$194.00k0.13%
CA$ 777.8k
Peter O'Neil
Independent Director14.6yrsCA$169.00k0.085%
CA$ 491.6k
Robert Leach
Lead Independent Director14.6yrsCA$159.00k0.61%
CA$ 3.5m
Daryl Gilbert
Independent Director10.4yrsCA$169.00k0.041%
CA$ 237.0k
Murray Smith
Independent Director14.4yrsCA$169.00k0.045%
CA$ 259.4k
Marion Burnyeat
Independent Director6.3yrsCA$159.00k0.033%
CA$ 192.4k
Michelle Gramatke
Independent Director5.5yrsCA$159.00k0.037%
CA$ 213.9k
Allison Maher
Independent Director6.3yrsCA$174.00k0.042%
CA$ 242.1k

14.4yrs

Average Tenure

68yo

Average Age

Experienced Board: SGY's board of directors are seasoned and experienced ( 14.4 years average tenure).