Source Energy Services Ltd.

TSX:SHLE Stock Report

Market Cap: CA$207.4m

Source Energy Services Management

Management criteria checks 3/4

Source Energy Services' CEO is Scott Melbourn, appointed in Mar 2022, has a tenure of 2.83 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$983.39K. The average tenure of the management team and the board of directors is 2.5 years and 4.1 years respectively.

Key information

Scott Melbourn

Chief executive officer

CA$1.0m

Total compensation

CEO salary percentage38.5%
CEO tenure2.8yrs
CEO ownership0.5%
Management average tenure2.5yrs
Board average tenure4.1yrs

Recent management updates

Recent updates

Source Energy Services (TSE:SHLE) Is Experiencing Growth In Returns On Capital

Dec 19
Source Energy Services (TSE:SHLE) Is Experiencing Growth In Returns On Capital

Investor Optimism Abounds Source Energy Services Ltd. (TSE:SHLE) But Growth Is Lacking

Nov 06
Investor Optimism Abounds Source Energy Services Ltd. (TSE:SHLE) But Growth Is Lacking

Returns On Capital Are Showing Encouraging Signs At Source Energy Services (TSE:SHLE)

Sep 09
Returns On Capital Are Showing Encouraging Signs At Source Energy Services (TSE:SHLE)

The Market Lifts Source Energy Services Ltd. (TSE:SHLE) Shares 27% But It Can Do More

Jul 18
The Market Lifts Source Energy Services Ltd. (TSE:SHLE) Shares 27% But It Can Do More

Investors Give Source Energy Services Ltd. (TSE:SHLE) Shares A 28% Hiding

May 22
Investors Give Source Energy Services Ltd. (TSE:SHLE) Shares A 28% Hiding

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
Sep 30 2024n/an/a

CA$170m

Jun 30 2024n/an/a

CA$163m

Mar 31 2024n/an/a

CA$161m

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

Compensation vs Market: Scott's total compensation ($USD712.01K) is above average for companies of similar size in the Canadian market ($USD166.11K).

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

CEO

Scott Melbourn (50 yo)

2.8yrs

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
President2.8yrsCA$1.02m0.47%
CA$ 983.4k
Derren Newell
Executive VP & CFO12yrsCA$676.54k0.15%
CA$ 317.7k
Kurtis Kisio
Vice President of Sales & Marketing2.5yrsCA$442.42kno data
Shawn Furlong
President of Production1.8yrsCA$467.35kno data
Jarett Finney
President of Distribution2.4yrsCA$468.72kno data

2.5yrs

Average Tenure

50yo

Average Age

Experienced Management: SHLE's management team is considered experienced (2.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Scott Melbourn
President2.8yrsCA$1.02m0.47%
CA$ 983.4k
Steven Sharpe
Independent Director4.1yrsCA$98.70kno data
Jeff Belford
Independent Director7.9yrsCA$83.70kno data
Christopher Johnson
Independent Chair of the Board4.1yrsCA$125.55kno data
Carrie Lonardelli
Independent Director5.8yrsCA$98.70kno data

4.1yrs

Average Tenure

50yo

Average Age

Experienced Board: SHLE's board of directors are considered experienced (4.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 07:40
End of Day Share Price 2025/01/08 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Source Energy Services Ltd. is covered by 16 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nick CorcoranAcumen Capital Finance Partners Limited
Tim MonachelloATB Capital Markets
Randy OllenbergerBMO Capital Markets Equity Research