Tenaz Energy Management

Management criteria checks 2/4

Tenaz Energy's CEO is Tony Marino, appointed in Oct 2021, has a tenure of 2.5 years. total yearly compensation is CA$588.80K, comprised of 39% salary and 61% bonuses, including company stock and options. directly owns 3.45% of the company’s shares, worth CA$3.82M. The average tenure of the management team and the board of directors is 2.5 years and 2.5 years respectively.

Key information

Tony Marino

Chief executive officer

CA$588.8k

Total compensation

CEO salary percentage	39.0%
CEO tenure	2.5yrs
CEO ownership	3.4%
Management average tenure	2.5yrs
Board average tenure	2.5yrs

Recent management updates

Recent updates

We Believe Tenaz Energy's (TSE:TNZ) Earnings Are A Poor Guide For Its Profitability

Apr 05

Investors Don't See Light At End Of Tenaz Energy Corp.'s (TSE:TNZ) Tunnel

Feb 22

Here's Why Tenaz Energy (TSE:TNZ) Has Caught The Eye Of Investors

Dec 28

Upgrade: Analysts Just Made A Dazzling Increase To Their Tenaz Energy Corp. (TSE:TNZ) Forecasts

Jun 02

CEO Compensation Analysis

How has Tony Marino's remuneration changed compared to Tenaz Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	CA$27m
Sep 30 2023	n/a	n/a	CA$24m
Jun 30 2023	n/a	n/a	CA$3m
Mar 31 2023	n/a	n/a	CA$5m
Dec 31 2022	CA$589k	CA$230k	CA$5m
Sep 30 2022	n/a	n/a	CA$4m
Jun 30 2022	n/a	n/a	CA$14m
Mar 31 2022	n/a	n/a	CA$13m
Dec 31 2021	CA$873k	CA$52k	CA$8m

Compensation vs Market: Tony's total compensation ($USD428.01K) is above average for companies of similar size in the Canadian market ($USD173.84K).

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

CEO

Tony Marino (62 yo)

2.5yrs

Tenure

CA$588,803

Compensation

Mr. Anthony William Marino, also known as Tony, P.Eng., serves as President, Chief Executive Officer and Non-Independent Director at Tenaz Energy Corp. (formerly known as Altura Energy Inc.) since October...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Anthony Marino	President	2.5yrs	CA$588.80k	3.45% CA$ 3.9m
Bradley Bennett	Chief Financial Officer	2.5yrs	CA$478.11k	0.67% CA$ 756.6k
Michael Kaluza	Chief Operating Officer	2.5yrs	CA$419.31k	0.83% CA$ 938.1k
Jennifer Russel-Houston	VP of Geoscience	no data	CA$417.21k	no data
David Burghardt	Senior Vice President of Engineering	2.5yrs	CA$502.43k	1.21% CA$ 1.4m

2.5yrs

Average Tenure

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Anthony Marino	President	2.5yrs	CA$588.80k	3.45% CA$ 3.9m
John Chambers	Independent Non-Executive Director	4.8yrs	CA$30.00k	0.81% CA$ 917.6k
Marty Proctor	Independent Non-Executive Chairman of the Board	2.5yrs	CA$40.00k	0.42% CA$ 469.3k
Mark Rollins	Independent Non-Executive Director	2.5yrs	CA$30.00k	0.57% CA$ 637.2k
Anna Alderson	Independent Non-Executive Director	2.5yrs	CA$30.00k	0.24% CA$ 272.2k
Variniax Radu	Independent Director	less than a year	no data	no data

2.5yrs

Average Tenure

61yo

Average Age

Experienced Board: TNZ's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.

Tenaz Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Tenaz Energy Corp., Annual General Meeting, May 17, 2024

Tenaz Energy Corp., Annual General Meeting, Jun 01, 2023

Independent Non-Executive Director recently bought CA$65k worth of stock

Independent Non-Executive Director recently bought CA$65k worth of stock

Independent Non-Executive Director recently bought CA$105k worth of stock

Independent Non-Executive Director recently bought CA$64k worth of stock

Recent updates

We Believe Tenaz Energy's (TSE:TNZ) Earnings Are A Poor Guide For Its Profitability

Consensus revenue estimates fall by 11%

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Tenaz Energy Corp., Annual General Meeting, May 17, 2024

Investors Don't See Light At End Of Tenaz Energy Corp.'s (TSE:TNZ) Tunnel

Here's Why Tenaz Energy (TSE:TNZ) Has Caught The Eye Of Investors

Tenaz Energy Corp. Provides Production Guidance for the Full Year 2024

Consensus EPS estimates increase by 353%, revenue downgraded

Price target increased by 7.6% to CA$6.19

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Tenaz Energy Corp. Provides Production Guidance for the Fourth Quarter and Reaffirms Production Guidance for the Year 2023

Investor sentiment improves as stock rises 16%

Investor sentiment deteriorates as stock falls 16%

Second quarter 2023 earnings released: CA$0.03 loss per share (vs CA$0.027 profit in 2Q 2022)

Tenaz Energy Corp. Provides Production Guidance for the Second Half Year and Full Year of 2023

Consensus EPS estimates increase by 16%

Price target increased by 7.4% to CA$4.83

Investor sentiment improves as stock rises 28%

First quarter 2023 earnings released: EPS: CA$0.10 (vs CA$0.12 in 1Q 2022)

Consensus revenue estimates increase by 11%, EPS downgraded

Tenaz Energy Corp. to Report Q1, 2023 Results on May 15, 2023

Tenaz Energy Corp., Annual General Meeting, Jun 01, 2023

Independent Non-Executive Director recently bought CA$65k worth of stock

Independent Non-Executive Director recently bought CA$65k worth of stock

Independent Non-Executive Director recently bought CA$105k worth of stock

Independent Non-Executive Director recently bought CA$64k worth of stock

Full year 2022 earnings released: EPS: CA$0.18 (vs CA$0.57 in FY 2021)

Investor sentiment deteriorates as stock falls 16%

Independent Non-Executive Director recently bought CA$94k worth of stock

Investor sentiment improves as stock rises 18%

Price target increased to CA$4.50

Investor sentiment improved over the past week

Consensus forecasts updated

High number of new and inexperienced directors

Tenaz Energy Corp. Provides Production Guidance for the Year 2023

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: CA$0.03 (vs CA$0.037 loss in 2Q 2021)

Investor sentiment improved over the past week

Price target decreased to CA$4.33

Investor sentiment deteriorated over the past week

Consensus revenue estimates increase by 91%

Upgrade: Analysts Just Made A Dazzling Increase To Their Tenaz Energy Corp. (TSE:TNZ) Forecasts

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Tenaz Energy Corp. Reports Operating Results for the Three Months Ended March 31, 2022

Investor sentiment improved over the past week

Tenaz Energy Corp. (TSX:TNZ) reached an agreement to acquire SDX Energy plc (AIM:SDX) from a group of shareholders for £21 million.

High number of new and inexperienced directors

Consensus revenue estimates increase by 29%

Full year 2021 earnings released: EPS: CA$0.57 (vs CA$1.74 loss in FY 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Tenaz Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 1.832371 million.

Third quarter 2021 earnings released: EPS CA$0.10 (vs CA$0.003 loss in 3Q 2020)

High number of new and inexperienced directors

Independent Director Robert Maitland has left the company

Independent Chairman John McAleer has left the company

VP of Finance, CFO & Secretary Tavis Carlson has left the company

Less than half of directors are independent

Price target increased to CA$0.31

Altura Energy Inc. announced that it expects to receive CAD 25 million in funding

Is Altura Energy (CVE:ATU) Using Too Much Debt?

Second quarter 2021 earnings released: CA$0.003 loss per share (vs CA$0.011 loss in 2Q 2020)

Price target increased to CA$0.30

Altura Energy Inc. Provides Production Guidance for 2021

Price target increased to CA$0.29

Altura Energy Inc. Announces an Operational Update

Price target increased to CA$0.28

First quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.29 loss in 1Q 2020)

Here's Why Altura Energy (CVE:ATU) Can Afford Some Debt