Ian Bruce - MEG Energy Independent Director
| MEG Stock | CAD 26.77 1.09 4.24% |
Insider
Ian Bruce is Independent Director of MEG Energy Corp since 2019.
| Age | 66 |
| Tenure | 5 years |
| Address | Mail Room, Calgary, AB, Canada, T2P 0G5 |
| Phone | 403 770 0446 |
| Web | https://www.megenergy.com |
MEG Energy Management Efficiency
The company has return on total asset (ROA) of 0.075 % which means that it generated a profit of $0.075 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1089 %, meaning that it generated $0.1089 on every $100 dollars invested by stockholders. MEG Energy's management efficiency ratios could be used to measure how well MEG Energy manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of November 2024, Return On Tangible Assets is likely to grow to 0.09. Also, Return On Capital Employed is likely to grow to 0.15. At this time, MEG Energy's Fixed Asset Turnover is very stable compared to the past year. As of the 22nd of November 2024, Return On Assets is likely to grow to 0.09, while Other Current Assets are likely to drop about 15.2 M.Similar Executives
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| BMgmt MBA | ARC Resources | N/A | |
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| David Christensen | Tamarack Valley Energy | N/A | |
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| Comm BCom | ARC Resources | 62 | |
Management Performance
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.075 |
MEG Energy Corp Leadership Team
Elected by the shareholders, the MEG Energy's board of directors comprises two types of representatives: MEG Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MEG. The board's role is to monitor MEG Energy's management team and ensure that shareholders' interests are well served. MEG Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MEG Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thomas Gear, Senior Production | ||
| Grant Borbridge, Vice President - legal, General Counsel, Corporate Secretary | ||
| William Klesse, Independent Director | ||
| Garth Castren, Vice Strategy | ||
| David Granger, Senior Resources | ||
| Robert Hodgins, Independent Director | ||
| Ian Bruce, Independent Director | ||
| Judy Fairburn, Independent Director | ||
| Grant Billing, Independent Director | ||
| Helen MBA, Director Relations | ||
| Erik Alson, Senior Marketing | ||
| Jim Campbell, Vice Relations | ||
| James McFarland, Independent Director | ||
| CFA CA, Chief Officer | ||
| Derek Evans, President, Chief Executive Officer, Director | ||
| CA CA, Chief Officer | ||
| Jeffrey McCaig, Independent Chairman of the Board | ||
| Diana McQueen, Independent Director | ||
| Lyle Yuzdepski, Senior Vice President General Counsel, Corporate Secretary | ||
| Jeremy Gizen, Vice President - Production Operations & Engineering | ||
| Eric Toews, Chief Financial Officer | ||
| ChiTak Yee, Senior Vice President - Reservoir and Geosciences | ||
| Darlene Gates, Chief Officer | ||
| Harvey Doerr, Independent Director |
MEG Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is MEG Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.075 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 7.65 B | ||||
| Shares Outstanding | 263 M | ||||
| Shares Owned By Insiders | 0.33 % | ||||
| Shares Owned By Institutions | 47.59 % | ||||
| Number Of Shares Shorted | 2.63 M | ||||
| Price To Earning | 26.68 X |
Pair Trading with MEG Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MEG Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MEG Energy will appreciate offsetting losses from the drop in the long position's value.Moving against MEG Stock
The ability to find closely correlated positions to MEG Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MEG Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MEG Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MEG Energy Corp to buy it.
The correlation of MEG Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MEG Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MEG Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MEG Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in MEG Stock
MEG Energy financial ratios help investors to determine whether MEG Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MEG with respect to the benefits of owning MEG Energy security.