Michael MacBean - Peyto ExplorationDevel Lead Independent Director

PEY Stock  CAD 16.80  0.21  1.23%   

Director

Mr. Michael MacBean is Lead Independent Director of Peyto Exploration Development Corporationration Mr. MacBean is the Senior Managing Director of TriWest Capital Partners, a private equity firm since April 2010. Mr. MacBean is the Chairman of the Audit Committee of Peyto. Mr. MacBean is primarily engaged as the Senior Managing Director of TriWest Capital Partners, a private equity firm. From October 1998 to April 2010, Mr. MacBean was the Chief Executive Officer of Diamond Energy Services LP, a partnership engaged in the energy services sector. From 1995 through 1998, Mr. MacBean served as Controller and subsequently Senior Investment Analyst for ARC Financial Corporationrationration. During this time Mr. MacBean also served as VicePresident, Finance for ARC Energy Trust. Prior to 1995, Mr. MacBean was the Manager of Financial Reporting and Taxation for Mannville Oil Gas Ltd since 2010.
Age 50
Tenure 14 years
Professional MarksCPA
Address 600 3rd Avenue SW, Calgary, AB, Canada, T2P 0G5
Phone403 261 6081
Webhttps://www.peyto.com
MacBean holds a Bachelor of Commerce Degree from the University of Saskatchewan, holds his CPA, CA designation and is a member of the Chartered Professional Accountants Alberta. In February 2007, Mr. MacBean received his Chartered Directors designation from McMaster University.

Peyto ExplorationDevel Management Efficiency

The company has return on total asset (ROA) of 0.064 % which means that it generated a profit of $0.064 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1186 %, meaning that it generated $0.1186 on every $100 dollars invested by stockholders. Peyto ExplorationDevel's management efficiency ratios could be used to measure how well Peyto ExplorationDevel manages its routine affairs as well as how well it operates its assets and liabilities. As of the 27th of November 2024, Return On Tangible Assets is likely to grow to 0.09. Also, Return On Capital Employed is likely to grow to 0.17. At this time, Peyto ExplorationDevel's Debt To Assets are very stable compared to the past year. As of the 27th of November 2024, Fixed Asset Turnover is likely to grow to 0.32, while Net Tangible Assets are likely to drop about 1.8 B.
Peyto ExplorationDevelopment Corp has accumulated 1.4 B in total debt with debt to equity ratio (D/E) of 0.72, which is about average as compared to similar companies. Peyto ExplorationDevel has a current ratio of 0.7, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Peyto ExplorationDevel until it has trouble settling it off, either with new capital or with free cash flow. So, Peyto ExplorationDevel's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Peyto ExplorationDevel sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Peyto to invest in growth at high rates of return. When we think about Peyto ExplorationDevel's use of debt, we should always consider it together with cash and equity.

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Peyto Exploration Development Corp., an energy company, engages in the acquisition, exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. Peyto Exploration Development Corp. was founded in 1998 and is headquartered in Calgary, Canada. PEYTO EXPLORATION operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. Peyto ExplorationDevelopment Corp (PEY) is traded on Toronto Exchange in Canada and employs 21 people. Peyto ExplorationDevel is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Peyto ExplorationDevel Leadership Team

Elected by the shareholders, the Peyto ExplorationDevel's board of directors comprises two types of representatives: Peyto ExplorationDevel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Peyto. The board's role is to monitor Peyto ExplorationDevel's management team and ensure that shareholders' interests are well served. Peyto ExplorationDevel'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, Peyto ExplorationDevel's outside directors are responsible for providing unbiased perspectives on the board's policies.
Timothy Louie, Vice President - Land
Riley Frame, COO Engineering
Lydia Hamaliuk, Manager Resources
Brian Davis, Independent Director
Michael MacBean, Lead Independent Director
Kathy Turgeon, Chief Financial Officer, Vice President - Finance, Director
JeanPaul Lachance, Chief Operating Officer, Executive Vice President - Engineering
Derick Czember, Vice Development
Scott Robinson, Vice President - Business Development
David Thomas, Vice President - Exploration
Lee Curran, Vice President - Drilling and Completions
Donald Gray, Independent Chairman of the Board
John Rossall, Independent Director
Stephen Chetner, Corporate Legal Counsel, Corporate Secretary and Director
Mick MacBean, Lead Independent Director
Kathy CA, CFO Fin
Scott PEng, VP Devel
Todd Burdick, Vice President - Production
Gregory Fletcher, Independent Director
Tavis CA, Chief Officer
Darren Gee, President, Chief Executive Officer, Director

Peyto 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 Peyto ExplorationDevel 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.

Pair Trading with Peyto ExplorationDevel

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 Peyto ExplorationDevel 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 Peyto ExplorationDevel will appreciate offsetting losses from the drop in the long position's value.

Moving together with Peyto Stock

  0.82ENB-PFV Enbridge Pref 5PairCorr
  0.72ENB-PFU Enbridge Pref LPairCorr
  0.72ENS E Split CorpPairCorr
  0.81ENS-PA E Split CorpPairCorr

Moving against Peyto Stock

  0.32SAGE Sage Potash CorpPairCorr
The ability to find closely correlated positions to Peyto ExplorationDevel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Peyto ExplorationDevel 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 Peyto ExplorationDevel - 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 Peyto ExplorationDevelopment Corp to buy it.
The correlation of Peyto ExplorationDevel 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 Peyto ExplorationDevel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Peyto ExplorationDevel 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 Peyto ExplorationDevel 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Peyto Stock

Peyto ExplorationDevel financial ratios help investors to determine whether Peyto 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 Peyto with respect to the benefits of owning Peyto ExplorationDevel security.