Vår Energi Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Nick Walker

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage	25.4%
CEO tenure	less than a year
CEO ownership	0.02%
Management average tenure	less than a year
Board average tenure	no data

Recent management updates

Recent updates

Investors Shouldn't Overlook Vår Energi's (OB:VAR) Impressive Returns On Capital

Jun 19

Investors Aren't Buying Vår Energi AS' (OB:VAR) Earnings

May 06

Why We Like The Returns At Vår Energi (OB:VAR)

Feb 17

Is Vår Energi AS (OB:VAR) Worth kr34.4 Based On Its Intrinsic Value?

Jan 03

The Strong Earnings Posted By Vår Energi (OB:VAR) Are A Good Indication Of The Strength Of The Business

Aug 03

Earnings Miss: Vår Energi AS Missed EPS By 88% And Analysts Are Revising Their Forecasts

Jul 29

Vår Energi AS' (OB:VAR) Intrinsic Value Is Potentially 84% Above Its Share Price

Jul 09

CEO Compensation Analysis

How has Nick Walker's remuneration changed compared to Vår Energi's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$499m
Dec 31 2023	US$1m	US$293k	US$602m

Compensation vs Market: Nick's total compensation ($USD1.16M) is about average for companies of similar size in the Norwegian market ($USD1.16M).

Compensation vs Earnings: Insufficient data to compare Nick's compensation with company performance.

CEO

Nick Walker (61 yo)

less than a year

Tenure

US$1,155,000

Compensation

Mr. Nicholas John Robert Walker, also known as Nick, serves as CEO at Vår Energi AS since September 05, 2023. He was Chief Executive Officer of Cairn Oil & Gas of Vedanta Limited from January 5, 2023 until...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nicholas John Walker	Chief Executive Officer	less than a year	US$1.16m	0.019% $ 17.4m
Stefano Pujatti	Chief Financial Officer	no data	US$732.00k	0.00063% $ 569.5k
Torger Rod	Chief Operating Officer	less than a year	US$1.79m	0.0077% $ 7.0m
Tone Rognstad	Executive Vice President People & Communication	no data	US$450.00k	0.000060% $ 54.2k
Ellen Hoddell	Executive Vice President Safety & Sustainability	1.4yrs	US$374.00k	0% $ 0
Ida Fjellheim	Vice President of Investor Relations	no data	no data	no data
Sverre Bjelland	Executive Vice President of Legal & Compliance	no data	no data	no data
Ove Helle	Senior Vice President of Internal Audit	1.4yrs	US$400.00k	no data
Alessandro Barberis	Vice President of Exploration	no data	US$380.87k	no data
Odd Vårdal	Development and Technology Manager	no data	no data	no data
Orjan Jentoft	Vice President of Partner Operated Assets	no data	US$399.93k	no data
Annethe Gjerde	Vice President of Contracts & Procurement	no data	US$311.40k	no data

1.0yrs

Average Tenure

51yo

Average Age

Experienced Management: VAR's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Vår Energi Management

Management criteria checks 1/4

Key information

Recent management updates

Vår Energi ASA Announces Re-Designation of Torger Rød as COO from CEO

Insider recently bought kr54k worth of stock

Insider recently bought kr159k worth of stock

Vår Energi Announces Atle Reinseth as New Executive on Board

No independent directors

No independent directors

Recent updates

Consensus EPS estimates fall by 11%

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Vår Energi AS Resolves to Pay Dividend to Fourth Quarter of 2024, Payable on May 8, 2024

Vår Energi AS Announces New Oil Discovery in the North Sea

Now 21% undervalued

These 4 Measures Indicate That Vår Energi (OB:VAR) Is Using Debt Extensively

Vår Energi's (OB:VAR) Soft Earnings Don't Show The Whole Picture

Full year 2023 earnings: EPS misses analyst expectations

The Price Is Right For Vår Energi AS (OB:VAR)

Fourth quarter dividend of kr1.14 announced

Full year 2023 earnings released: EPS: US$0.24 (vs US$0.38 in FY 2022)

Vår Energi Asa Resolve to Pay Dividend for the Fourth Quarter of 2023, Payable on February 27, 2024

Vår Energi AS (OB:VAR) completed the acquisition of Neptune Energy Norge AS from Neptune Energy Group Holdings Limited.

Vår Energi AS Confirms Drilling Operations on the Exploration Wells Targeting the Hubert and Magellan Prospects in PL 917 Have Been Concluded

Now 22% undervalued after recent price drop

Is There An Opportunity With Vår Energi AS' (OB:VAR) 21% Undervaluation?

Vår Energi AS to Report Q3, 2024 Results on Oct 22, 2024

Upcoming dividend of kr1.20 per share at 13% yield

Third quarter 2023 earnings: Revenues miss analyst expectations

Petrolia NOCO AS signed an agreement to acquire a 12.2575% stake in Brage field on the Norwegian Continental Shelf from Vår Energi AS.

An unknown buyer acquired a 6.3% stake in Vår Energi AS (OB:VAR) from Point Resources Holding AS for NOK 4.6 billion.

Vår Energi AS Narrows Oil and Gas Production Guidance for the Full Year 2023

Vår Energi ASA Announces Re-Designation of Torger Rød as COO from CEO

Vår Energi AS (OB:VAR) Shares Could Be 48% Below Their Intrinsic Value Estimate

Now 20% undervalued

Consensus EPS estimates fall by 13%

Upcoming dividend of kr1.09 per share at 15% yield

New major risk - Dividend sustainability

Vår Energi AS Provides Production Guidance for Full Year 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Vår Energi as Announces Dividend, Payable on August 14, 2023

Vår Energi AS (OB:VAR) entered into an agreement to acquire Neptune Energy Norge AS from Neptune Energy Group Holdings Limited for an enterprise value of $2.3 billion.

Investors Shouldn't Overlook Vår Energi's (OB:VAR) Impressive Returns On Capital

Investors Aren't Buying Vår Energi AS' (OB:VAR) Earnings

Consensus EPS estimates fall by 19%

Now 22% undervalued after recent price drop

Insider recently bought kr54k worth of stock

Full year 2022 earnings: EPS exceeds analyst expectations

Insider recently bought kr159k worth of stock

Full year 2022 earnings: EPS exceeds analyst expectations

Consensus EPS estimates fall by 24%

Vår Energi ASA Announces Cash Dividend for fourth quarter 2022, Payable March 3, 2023

Why We Like The Returns At Vår Energi (OB:VAR)

Vår Energi AS Provides Production Guidance for the Full Year 2023

Consensus EPS estimates increase by 22%

Consensus forecasts updated

Is Vår Energi AS (OB:VAR) Worth kr34.4 Based On Its Intrinsic Value?

Vår Energi AS to Report Fiscal Year 2022 Results on Mar 30, 2023

Consensus EPS estimates fall by 43%

Third quarter 2022 earnings: Revenues miss analyst expectations

Vår Energi AS Announces Dividend, Payable on November 9, 2022

Consensus EPS estimates fall by 10%

Now 27% undervalued after recent price drop

Vår Energi AS Revises Production Guidance for the Full-Year 2022

Vår Energi Announces Atle Reinseth as New Executive on Board

Now 21% undervalued after recent price drop

Vår Energi ASA Provides Update on Balder X Project

Consensus EPS estimates increase by 16%

Vår Energi AS (OB:VAR) agreed to acquire 30% stake in Licenses PL820 S and PL 820 SB in the North Sea from Lime Petroleum AS, Pandion Energy AS and Aker BP ASA (OB:AKRBP).

The Strong Earnings Posted By Vår Energi (OB:VAR) Are A Good Indication Of The Strength Of The Business

Earnings Miss: Vår Energi AS Missed EPS By 88% And Analysts Are Revising Their Forecasts

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Consensus forecasts updated

Vår Energi as Provides Production Guidance for 2022

Vår Energi AS Provides Production Guidance for the Full Year of 2022

Vår Energi AS' (OB:VAR) Intrinsic Value Is Potentially 84% Above Its Share Price

Vår Energi AS Announces Oil and Gas Discovery in the Barents Sea

Vår Energi AS has completed a Follow-on Equity Offering in the amount of NOK 5.01696 billion.

Vår Energi Confirms Oil Discovery in the Barents Sea