MEG Energy Corp.

DB:ME7 Stock Report

Market Cap: €4.1b

MEG Energy Management

Management criteria checks 2/4

MEG Energy's CEO is Darlene Gates, appointed in May 2024, has a tenure of less than a year. total yearly compensation is CA$3.07M, comprised of 15.8% salary and 84.2% bonuses, including company stock and options. directly owns 0.043% of the company’s shares, worth €1.81M. The average tenure of the management team and the board of directors is 1.1 years and 3.7 years respectively.

Key information

Darlene Gates

Chief executive officer

CA$3.1m

Total compensation

CEO salary percentage15.8%
CEO tenureless than a year
CEO ownership0.04%
Management average tenure1.1yrs
Board average tenure3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Darlene Gates's remuneration changed compared to MEG Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$504m

Jun 30 2024n/an/a

CA$586m

Mar 31 2024n/an/a

CA$586m

Dec 31 2023CA$3mCA$485k

CA$569m

Sep 30 2023n/an/a

CA$625m

Jun 30 2023n/an/a

CA$532m

Mar 31 2023n/an/a

CA$621m

Dec 31 2022CA$2mCA$439k

CA$902m

Sep 30 2022n/an/a

CA$921m

Jun 30 2022n/an/a

CA$819m

Mar 31 2022n/an/a

CA$662m

Dec 31 2021CA$2mCA$134k

CA$283m

Compensation vs Market: Darlene's total compensation ($USD2.14M) is about average for companies of similar size in the German market ($USD2.07M).

Compensation vs Earnings: Darlene's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Darlene Gates (53 yo)

less than a year

Tenure

CA$3,066,541

Compensation

Ms. Darlene M. Gates served as Chief Operating Officer of MEG Energy Corp. from September 7, 2021 to May 1, 2024 and has been its President and Chief Executive Officer since May 1, 2024 also serves as it's...

Leadership Team

NamePositionTenureCompensationOwnership
Darlene Gates
CEO, President & Directorless than a yearCA$3.07m0.043%
€ 1.8m
Ryan Kubik
CFO & Head of IR Group2.5yrsCA$2.32m0.0051%
€ 207.1k
Lyle Yuzdepski
Senior Vice President of Legal & Corporate Development5.1yrsCA$1.66m0.012%
€ 473.1k
Thomas Gear
Senior Vice President of Production1.1yrsCA$1.48mno data
Jim Campbell
Vice President of Communications & External Relations1.1yrsno datano data
Garth Castren
Vice President of Corporate Development & Strategy1.1yrsno data0.00037%
€ 15.0k
Erik Alson
Senior Vice President of Marketing1.1yrsno data0.018%
€ 712.7k
David Granger
Senior Vice President of Human Resourcesno datano data0.012%
€ 469.9k
Mike Dlugan
Vice President of Developmentno datano datano data

1.1yrs

Average Tenure

Experienced Management: ME7's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Darlene Gates
CEO, President & Directorless than a yearCA$3.07m0.043%
€ 1.8m
Robert Hodgins
Independent Director14.4yrsCA$227.00k0.0067%
€ 272.9k
James McFarland
Independent Chair14.7yrsCA$241.17k0.0054%
€ 218.5k
Jeffrey McCaig
Independent Director10.9yrsCA$219.33k0.27%
€ 10.9m
Robert Rooney
Independent Directorless than a yearno data0.0086%
€ 351.3k
Susan MacKenzie
Independent Director4.7yrsCA$225.00k0.015%
€ 624.2k
Michael McAllister
Independent Directorless than a yearno data0.0090%
€ 365.5k
Kimberley Lynch Proctor
Independent Director2.8yrsCA$217.00k0.0094%
€ 382.2k
Diana McQueen
Independent Director9.3yrsCA$222.00k0.012%
€ 482.1k
Gary Bosgoed
Independent Director2.6yrsCA$214.00k0.00034%
€ 13.8k

3.7yrs

Average Tenure

65yo

Average Age

Experienced Board: ME7's board of directors are considered experienced (3.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 00:00
End of Day Share Price 2025/02/07 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

MEG Energy Corp. is covered by 37 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick O'RourkeATB Capital Markets
Thomas DriscollBarclays
Randy OllenbergerBMO Capital Markets Equity Research