Advantage Energy Management
Management criteria checks 4/4
Advantage Energy's CEO is Mike Belenkie, appointed in Nov 2019, has a tenure of 6.42 years. total yearly compensation is CA$2.94M, comprised of 15.3% salary and 84.7% bonuses, including company stock and options. directly owns 0.72% of the company’s shares, worth $9.66M. The average tenure of the management team and the board of directors is 9.3 years and 3.2 years respectively.
Key information
Mike Belenkie
Chief executive officer
CA$2.9m
Total compensation
| CEO salary percentage | 15.31% |
| CEO tenure | 6.4yrs |
| CEO ownership | 0.7% |
| Management average tenure | 9.3yrs |
| Board average tenure | 3.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | n/a | n/a | CA$53m |
| Sep 30 2025 | n/a | n/a | CA$61m |
| Jun 30 2025 | n/a | n/a | CA$54m |
| Mar 31 2025 | n/a | n/a | -CA$30m |
| Dec 31 2024 | CA$3m | CA$450k | CA$22m |
| Sep 30 2024 | n/a | n/a | CA$46m |
| Jun 30 2024 | n/a | n/a | CA$80m |
| Mar 31 2024 | n/a | n/a | CA$95m |
| Dec 31 2023 | CA$3m | CA$442k | CA$102m |
| Sep 30 2023 | n/a | n/a | CA$175m |
| Jun 30 2023 | n/a | n/a | CA$187m |
| Mar 31 2023 | n/a | n/a | CA$349m |
| Dec 31 2022 | CA$3m | CA$400k | CA$339m |
| Sep 30 2022 | n/a | n/a | CA$585m |
| Jun 30 2022 | n/a | n/a | CA$587m |
| Mar 31 2022 | n/a | n/a | CA$432m |
| Dec 31 2021 | CA$2m | CA$355k | CA$412m |
| Sep 30 2021 | n/a | n/a | CA$76m |
| Jun 30 2021 | n/a | n/a | CA$11m |
| Mar 31 2021 | n/a | n/a | -CA$18m |
| Dec 31 2020 | CA$2m | CA$355k | -CA$284m |
| Sep 30 2020 | n/a | n/a | -CA$310m |
| Jun 30 2020 | n/a | n/a | -CA$315m |
| Mar 31 2020 | n/a | n/a | -CA$292m |
| Dec 31 2019 | CA$2m | CA$340k | -CA$25m |
Compensation vs Market: Mike's total compensation ($USD2.12M) is below average for companies of similar size in the US market ($USD5.40M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Belenkie (49 yo)
Mr. Michael E. Belenkie, also known as Mike, P. Eng., B.Sc., serves as President & Chief Executive Officer, Board Member at Entropy Inc. He serves as Chief Executive Officer and Director at Advantage Energ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.4yrs | CA$2.94m | 0.72% $ 9.7m | |
| Chief Financial Officer | 17.3yrs | CA$1.72m | 0.66% $ 8.9m | |
| VP of Corporate Development | 4.3yrs | CA$1.10m | 0.074% $ 1.0m | |
| Senior Vice President | 12.1yrs | CA$1.61m | 0.92% $ 12.4m | |
| Vice President of Geosciences | 4.3yrs | CA$1.12m | 0.11% $ 1.5m | |
| VP of Commodities & Capital Markets | 2.5yrs | no data | 0.0072% $ 97.4k | |
| Controller | 21.6yrs | no data | no data | |
| Corporate Secretary | 25yrs | no data | no data |
Experienced Management: AAVV.F's management team is seasoned and experienced (9.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.3yrs | CA$2.94m | 0.72% $ 9.7m | |
| Independent Chairman of the Board | 2.1yrs | CA$115.47k | 0.090% $ 1.2m | |
| Independent Director | 1.6yrs | CA$51.67k | 0.048% $ 647.0k | |
| Independent Director | 10.9yrs | CA$146.00k | 0.048% $ 647.0k | |
| Independent Director | 4.9yrs | CA$144.61k | 0.060% $ 808.8k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 1.1yrs | no data | 0.00043% $ 5.8k | |
| Independent Director | 1.1yrs | no data | 0.030% $ 404.4k | |
| Independent Director | 5.8yrs | CA$145.00k | 0.051% $ 687.5k | |
| Independent Director | 4.9yrs | CA$153.75k | 0.037% $ 493.4k |
Experienced Board: AAVV.F's board of directors are considered experienced (3.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/01 17:45 |
| End of Day Share Price | 2026/04/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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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
Advantage Energy Ltd. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Patrick O'Rourke | ATB Cormark |
| Tariq Saad | BMO Capital Markets Equity Research |
| James Kubik | CIBC Capital Markets |