Perpetual Energy Management

Management criteria checks 3/4

Perpetual Energy's CEO is Sue Rose, appointed in Jun 2002, has a tenure of 21.92 years. total yearly compensation is CA$1.58M, comprised of 16.9% salary and 83.1% bonuses, including company stock and options. directly owns 9.02% of the company’s shares, worth €2.18M. The average tenure of the management team and the board of directors is 15 years and 6.6 years respectively.

Key information

Sue Rose

Chief executive officer

CA$1.6m

Total compensation

CEO salary percentage	16.9%
CEO tenure	21.9yrs
CEO ownership	9.0%
Management average tenure	15yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sue Rose's remuneration changed compared to Perpetual Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$2m	CA$267k	CA$6m
Sep 30 2023	n/a	n/a	CA$24m
Jun 30 2023	n/a	n/a	CA$28m
Mar 31 2023	n/a	n/a	CA$37m
Dec 31 2022	CA$2m	CA$324k	CA$44m
Sep 30 2022	n/a	n/a	CA$26m
Jun 30 2022	n/a	n/a	CA$68m
Mar 31 2022	n/a	n/a	CA$91m
Dec 31 2021	CA$579k	CA$358k	CA$81m
Sep 30 2021	n/a	n/a	CA$90m
Jun 30 2021	n/a	n/a	CA$31m
Mar 31 2021	n/a	n/a	-CA$5m
Dec 31 2020	CA$347k	CA$324k	-CA$62m
Sep 30 2020	n/a	n/a	-CA$109m
Jun 30 2020	n/a	n/a	-CA$121m
Mar 31 2020	n/a	n/a	-CA$149m
Dec 31 2019	CA$505k	CA$388k	-CA$94m
Sep 30 2019	n/a	n/a	-CA$62m
Jun 30 2019	n/a	n/a	-CA$54m
Mar 31 2019	n/a	n/a	-CA$19m
Dec 31 2018	CA$747k	CA$405k	-CA$20m
Sep 30 2018	n/a	n/a	-CA$27m
Jun 30 2018	n/a	n/a	-CA$22m
Mar 31 2018	n/a	n/a	-CA$28m
Dec 31 2017	CA$894k	CA$405k	-CA$36m

Compensation vs Market: Sue's total compensation ($USD1.15M) is above average for companies of similar size in the German market ($USD394.06K).

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

CEO

Sue Rose (58 yo)

21.9yrs

Tenure

CA$1,580,704

Compensation

Ms. Susan L. Riddell Rose, also known as Sue, B.Sc. has been an Independent Director of Tervita Corporation since July 19, 2018. She has been the Chief Executive Officer and President of Perpetual Energy I...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Susan L. Rose	President	21.9yrs	CA$1.58m	9.02% CA$ 2.2m
Ryan Shay	VP of Finance	3yrs	CA$908.01k	2.46% CA$ 595.2k
Karl Rumpf	Vice President of Exploration & Development	1.2yrs	CA$270.72k	no data
J. Strong	Corporate Counsel and Corporate Secretary	15yrs	no data	no data
Marcello Rapini	Vice President of Marketing	17.3yrs	CA$1.76m	0.19% CA$ 44.8k

15.0yrs

Average Tenure

Experienced Management: AGG's management team is seasoned and experienced (15 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Susan L. Rose	President	21.9yrs	CA$1.58m	9.02% CA$ 2.2m
Ryan Shay	VP of Finance	6.6yrs	CA$908.01k	2.46% CA$ 595.2k
Geoffrey Merritt	Independent Director	13.9yrs	CA$103.98k	0.15% CA$ 36.5k
Steve Spence	Independent Director	1.2yrs	CA$112.28k	no data
Linda Dietsche	Independent Director	2.2yrs	CA$103.98k	0.017% CA$ 4.1k

6.6yrs

Average Tenure

60yo

Average Age

Experienced Board: AGG's board of directors are considered experienced (6.6 years average tenure).

Perpetual Energy Management

Management criteria checks 3/4

Key information

Recent management updates

Perpetual Energy Inc., Annual General Meeting, May 15, 2024

Insider recently sold €70k worth of stock

Less than half of directors are independent

Perpetual Energy Inc., Annual General Meeting, May 18, 2021

Recent updates

Full year 2023 earnings released: EPS: CA$0.08 (vs CA$0.69 in FY 2022)

Perpetual Energy Inc., Annual General Meeting, May 15, 2024

Pointbreak Resources Inc. completed the acquisition of certain assets at Mannville in Eastern Alberta from Perpetual Energy Inc. (TSX:PMT).

Third quarter 2023 earnings released: EPS: CA$0.06 (vs CA$0.13 in 3Q 2022)

Pointbreak Resources Inc. entered into a definitive agreement to acquire certain assets at Mannville in Eastern Alberta from Perpetual Energy Inc. (TSX:PMT) for CAD 35.8 million.

Perpetual Energy Inc. Revises Production Guidance for the Year 2023

New minor risk - Financial position

Second quarter 2023 earnings released: CA$0.06 loss per share (vs CA$0.07 profit in 2Q 2022)

Perpetual Energy Inc. Confirms Production Guidance for the Year 2023

New minor risk - Shareholder dilution

New major risk - Share price stability

First quarter 2023 earnings released

Full year 2022 earnings released: EPS: CA$0.69 (vs CA$1.29 in FY 2021)

Third quarter 2022 earnings released: EPS: CA$0.13 (vs CA$0.80 in 3Q 2021)

Perpetual Energy Inc. Provides Production Guidance for the Fourth Quarter and Full Year of 2022

Second quarter 2022 earnings released: EPS: CA$0.07 (vs CA$0.43 in 2Q 2021)

Perpetual Energy Inc. Provides Production Mix Guidance for 2022

Insider recently sold €70k worth of stock

First quarter 2022 earnings released: EPS: CA$0.11 (vs CA$0.044 loss in 1Q 2021)

Perpetual Energy Inc. Provides Consolidated Production Guidance for the Second Quarter and Full Year 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS CA$0.80 (vs CA$0.12 loss in 3Q 2020)

Less than half of directors are independent

Second quarter 2021 earnings released: EPS CA$0.43 (vs CA$0.14 loss in 2Q 2020)

Perpetual Energy Inc. announced that it has received CAD 0.23 million in funding

Perpetual Energy Inc., Annual General Meeting, May 18, 2021

New 90-day high: €0.21

Full year 2020 earnings released

Perpetual Energy Inc. Receives Alberta Court of Appeal Judgment Relating to the Sequoia Disposition

Third quarter 2020 earnings released: CA$0.12 loss per share

First half earnings released

An unknown buyer acquired 50% stake in East Edson property in West Central Albert from Perpetual Energy Inc. (TSX:PMT) for CAD 35 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age