Touchstone Exploration Inc.

TSX:TXP Stock Report

Market Cap: CA$47.4m

Touchstone Exploration Management

Management criteria checks 3/4

Touchstone Exploration's CEO is Paul Baay, appointed in May 2014, has a tenure of 12.17 years. total yearly compensation is $683.70K, comprised of 53.3% salary and 46.7% bonuses, including company stock and options. directly owns 0.83% of the company’s shares, worth CA$393.67K. The average tenure of the management team and the board of directors is 12.2 years and 8.8 years respectively.

Key information

Paul Baay

Chief executive officer

US$683.7k

Total compensation

CEO salary percentage53.28%
CEO tenure12.2yrs
CEO ownership0.8%
Management average tenure12.2yrs
Board average tenure8.8yrs

Recent management updates

Recent updates

Narrative Update Jun 26

TXP: Future Equity Raises Will Support Trinidad Drilling-Led Upside Potential

Analysts have trimmed their fair value estimate for Touchstone Exploration from CA$0.20 to CA$0.15. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations.
Analysis Article Jan 06

Touchstone Exploration Inc. (TSE:TXP) Soars 44% But It's A Story Of Risk Vs Reward

Those holding Touchstone Exploration Inc. ( TSE:TXP ) shares would be relieved that the share price has rebounded 44...
Analysis Article Nov 14

Touchstone Exploration Inc. (TSE:TXP) Might Not Be As Mispriced As It Looks After Plunging 40%

Unfortunately for some shareholders, the Touchstone Exploration Inc. ( TSE:TXP ) share price has dived 40% in the last...
Analysis Article Jul 01

Touchstone Exploration Inc.'s (TSE:TXP) Subdued P/S Might Signal An Opportunity

There wouldn't be many who think Touchstone Exploration Inc.'s ( TSE:TXP ) price-to-sales (or "P/S") ratio of 1.8x is...
Analysis Article Mar 20

Is Touchstone Exploration (TSE:TXP) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Dec 10

Touchstone Exploration Inc. (TSE:TXP) Stock's 37% Dive Might Signal An Opportunity But It Requires Some Scrutiny

The Touchstone Exploration Inc. ( TSE:TXP ) share price has fared very poorly over the last month, falling by a...
Analysis Article Nov 07

Touchstone Exploration (TSE:TXP) Is Making Moderate Use Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article May 21

Would Touchstone Exploration (TSE:TXP) Be Better Off With Less Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Mar 07

Touchstone Exploration Inc.'s (TSE:TXP) P/S Is Still On The Mark Following 26% Share Price Bounce

Touchstone Exploration Inc. ( TSE:TXP ) shareholders are no doubt pleased to see that the share price has bounced 26...
Analysis Article Dec 14

Capital Allocation Trends At Touchstone Exploration (TSE:TXP) Aren't Ideal

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Analysis Article Aug 25

Touchstone Exploration (TSE:TXP) Seems To Be Using A Lot Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Apr 25

Is Touchstone Exploration (TSE:TXP) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

CEO Compensation Analysis

How has Paul Baay's remuneration changed compared to Touchstone Exploration's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$8m

Dec 31 2025US$684kUS$364k

US$11m

Sep 30 2025n/an/a

-US$3m

Jun 30 2025n/an/a

US$636k

Mar 31 2025n/an/a

US$5m

Dec 31 2024US$773kUS$348k

US$8m

Sep 30 2024n/an/a

-US$12m

Jun 30 2024n/an/a

-US$13m

Mar 31 2024n/an/a

-US$17m

Dec 31 2023US$745kUS$364k

-US$21m

Sep 30 2023n/an/a

-US$1m

Jun 30 2023n/an/a

-US$3m

Mar 31 2023n/an/a

-US$3m

Dec 31 2022US$733kUS$292k

-US$3m

Sep 30 2022n/an/a

US$5m

Jun 30 2022n/an/a

US$6m

Mar 31 2022n/an/a

US$6m

Dec 31 2021US$817kUS$308k

US$6m

Sep 30 2021n/an/a

US$860k

Jun 30 2021n/an/a

US$208k

Mar 31 2021n/an/a

-US$2m

Dec 31 2020US$693kUS$260k

-US$11m

Sep 30 2020n/an/a

-US$16m

Jun 30 2020n/an/a

-US$17m

Mar 31 2020n/an/a

-US$15m

Dec 31 2019US$550kUS$239k

-US$6m

Compensation vs Market: Paul's total compensation ($USD683.70K) is above average for companies of similar size in the Canadian market ($USD152.57K).

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


CEO

Paul Baay (63 yo)

12.2yrs
Tenure
US$683,704
Compensation

Mr. Paul Raymond Baay, B.A., ICD D, served as Non-Executive Director at Southern Energy Corp. since June 16, 2022 until June 15, 2022 and served as its Special Advisor to Director until June 2023. He serve...


Leadership Team

NamePositionTenureCompensationOwnership
Paul Baay
President12.2yrsUS$683.70k0.83%
CA$ 393.7k
Scott Budau
Chief Financial Officer12.2yrsUS$470.17k0.33%
CA$ 158.2k
Brian Hollingshead
Executive Vice President of Engineering & Business Development2.2yrsUS$392.69k0.11%
CA$ 53.4k
Timothy Sweeney
General Counsel16yrsno datano data
Thomas Valentine
Corporate Secretary12.2yrsUS$108.47k0.11%
CA$ 52.2k
12.2yrs
Average Tenure

Experienced Management: TXP's management team is seasoned and experienced (12.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Baay
President12.2yrsUS$683.70k0.83%
CA$ 393.7k
Kenneth McKinnon
Independent Chairman13.8yrsUS$133.08k0.79%
CA$ 372.9k
Peter Nicol
Independent Director9.1yrsUS$115.29k0.36%
CA$ 171.8k
Bhupendra Kansagra
Non-Executive Directorless than a yearno datano data
Stanley Smith
Independent Director8.8yrsUS$117.09k0.42%
CA$ 200.9k
Priya Marajh
Independent Director4yrsUS$109.25k0.039%
CA$ 18.7k
Beverley Ann Smith
Independent Director5.6yrsUS$110.16k0.047%
CA$ 22.1k
8.8yrs
Average Tenure
67yo
Average Age

Experienced Board: TXP's board of directors are considered experienced (8.8 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 22:54
End of Day Share Price 2026/07/06 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Touchstone Exploration Inc. is covered by 17 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Grant HoferBarclays
Kirk WilsonBeacon Securities Limited
Andrew FairbanksBofA Global Research