Source Energy Services Ltd.

TSX:SHLE Stock Report

Market Cap: CA$211.2m

Source Energy Services Management

Management criteria checks 3/4

Source Energy Services' CEO is Scott Melbourn, appointed in Mar 2022, has a tenure of 2.08 years. total yearly compensation is CA$1.02M, comprised of 38.5% salary and 61.5% bonuses, including company stock and options. directly owns 0.47% of the company’s shares, worth CA$1.00M. The average tenure of the management team and the board of directors is 1.8 years and 3.3 years respectively.

Key information

Scott Melbourn

Chief executive officer

CA$1.0m

Total compensation

CEO salary percentage38.5%
CEO tenure2.1yrs
CEO ownership0.5%
Management average tenure1.8yrs
Board average tenure3.3yrs

Recent management updates

Recent updates

Further Upside For Source Energy Services Ltd. (TSE:SHLE) Shares Could Introduce Price Risks After 48% Bounce

Mar 27
Further Upside For Source Energy Services Ltd. (TSE:SHLE) Shares Could Introduce Price Risks After 48% Bounce

Source Energy Services (TSE:SHLE) Is Posting Healthy Earnings, But It Is Not All Good News

Mar 14
Source Energy Services (TSE:SHLE) Is Posting Healthy Earnings, But It Is Not All Good News

Take Care Before Diving Into The Deep End On Source Energy Services Ltd. (TSE:SHLE)

Jan 18
Take Care Before Diving Into The Deep End On Source Energy Services Ltd. (TSE:SHLE)

The Return Trends At Source Energy Services (TSE:SHLE) Look Promising

Aug 10
The Return Trends At Source Energy Services (TSE:SHLE) Look Promising

Broker Revenue Forecasts For Source Energy Services Ltd. (TSE:SHLE) Are Surging Higher

May 11
Broker Revenue Forecasts For Source Energy Services Ltd. (TSE:SHLE) Are Surging Higher

Returns Are Gaining Momentum At Source Energy Services (TSE:SHLE)

Apr 19
Returns Are Gaining Momentum At Source Energy Services (TSE:SHLE)

Here's Why Source Energy Services (TSE:SHLE) Has A Meaningful Debt Burden

Jan 23
Here's Why Source Energy Services (TSE:SHLE) Has A Meaningful Debt Burden

These 4 Measures Indicate That Source Energy Services (TSE:SHLE) Is Using Debt Extensively

Sep 13
These 4 Measures Indicate That Source Energy Services (TSE:SHLE) Is Using Debt Extensively

Calculating The Fair Value Of Source Energy Services Ltd. (TSE:SHLE)

May 26
Calculating The Fair Value Of Source Energy Services Ltd. (TSE:SHLE)

Does Source Energy Services (TSE:SHLE) Have A Healthy Balance Sheet?

Dec 02
Does Source Energy Services (TSE:SHLE) Have A Healthy Balance Sheet?

Statutory Earnings May Not Be The Best Way To Understand Source Energy Services' (TSE:SHLE) True Position

Aug 04
Statutory Earnings May Not Be The Best Way To Understand Source Energy Services' (TSE:SHLE) True Position

Is There An Opportunity With Source Energy Services Ltd.'s (TSE:SHLE) 30% Undervaluation?

Mar 23
Is There An Opportunity With Source Energy Services Ltd.'s (TSE:SHLE) 30% Undervaluation?

CEO Compensation Analysis

How has Scott Melbourn's remuneration changed compared to Source Energy Services's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023CA$1mCA$394k

CA$167m

Sep 30 2023n/an/a

CA$2m

Jun 30 2023n/an/a

CA$4m

Mar 31 2023n/an/a

CA$6m

Dec 31 2022CA$869kCA$357k

-CA$9m

Sep 30 2022n/an/a

-CA$11m

Jun 30 2022n/an/a

-CA$21m

Mar 31 2022n/an/a

-CA$26m

Dec 31 2021CA$699kCA$310k

-CA$24m

Sep 30 2021n/an/a

CA$14m

Jun 30 2021n/an/a

CA$10m

Mar 31 2021n/an/a

-CA$5m

Dec 31 2020CA$348kCA$291k

-CA$183m

Sep 30 2020n/an/a

-CA$210m

Jun 30 2020n/an/a

-CA$262m

Mar 31 2020n/an/a

-CA$265m

Dec 31 2019CA$663kCA$310k

-CA$89m

Sep 30 2019n/an/a

-CA$99m

Jun 30 2019n/an/a

-CA$40m

Mar 31 2019n/an/a

-CA$13m

Dec 31 2018CA$834kCA$302k

-CA$2m

Sep 30 2018n/an/a

CA$10m

Jun 30 2018n/an/a

CA$15m

Mar 31 2018n/an/a

-CA$3m

Dec 31 2017CA$2mCA$269k

-CA$9m

Compensation vs Market: Scott's total compensation ($USD749.52K) is about average for companies of similar size in the Canadian market ($USD734.01K).

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

CEO

Scott Melbourn (48 yo)

2.1yrs

Tenure

CA$1,024,061

Compensation

Mr. Scott Melbourn has been President and Chief Executive Officer of Source Energy Services Ltd. since March 2022 and has been its Director since March 2022 and served as its Chief Operating Officer since...

Leadership Team

NamePositionTenureCompensationOwnership
Scott Melbourn
President2.1yrsCA$1.02m0.47%
CA$ 1.0m
Derren Newell
Executive VP & CFO11.3yrsCA$676.54k0.15%
CA$ 323.5k
Kurtis Kisio
Vice President of Sales & Marketing1.8yrsCA$442.42kno data
Shawn Furlong
President of Productionless than a yearCA$467.35kno data
Jarett Finney
President of Distribution1.7yrsCA$468.72kno data

1.8yrs

Average Tenure

48yo

Average Age

Experienced Management: SHLE's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Scott Melbourn
President2.1yrsCA$1.02m0.47%
CA$ 1.0m
Steven Sharpe
Independent Director3.3yrsCA$98.70kno data
Jeff Belford
Independent Director7.2yrsCA$83.70kno data
Christopher Johnson
Independent Chair of the Board3.3yrsCA$125.55kno data
Carrie Lonardelli
Independent Director5.1yrsCA$98.70kno data

3.3yrs

Average Tenure

48yo

Average Age

Experienced Board: SHLE's board of directors are considered experienced (3.3 years average tenure).

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