P Gavan - PrairieSky Royalty Independent Director
| PSK Stock | CAD 26.37 0.26 1.00% |
Insider
P Gavan is Independent Director of PrairieSky Royalty since 2019.
| Age | 59 |
| Tenure | 6 years |
| Address | 350 - 7th Avenue SW, Calgary, AB, Canada, T2P 3N9 |
| Phone | 587-293-4000 |
| Web | https://www.prairiesky.com |
PrairieSky Royalty Management Efficiency
The company has return on total asset (ROA) of 0.0562 % which means that it generated a profit of $0.0562 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0782 %, meaning that it generated $0.0782 on every $100 dollars invested by stockholders. PrairieSky Royalty's management efficiency ratios could be used to measure how well PrairieSky Royalty manages its routine affairs as well as how well it operates its assets and liabilities. At this time, PrairieSky Royalty's Return On Tangible Assets are very stable compared to the past year. As of the 19th of March 2025, Return On Capital Employed is likely to grow to 0.09, while Return On Assets are likely to drop 0.06. At this time, PrairieSky Royalty's Other Assets are very stable compared to the past year. As of the 19th of March 2025, Other Current Assets is likely to grow to about 648 K, while Total Assets are likely to drop about 2.7 B.Similar Executives
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Management Performance
| Return On Equity | 0.0782 | ||||
| Return On Asset | 0.0562 |
PrairieSky Royalty Leadership Team
Elected by the shareholders, the PrairieSky Royalty's board of directors comprises two types of representatives: PrairieSky Royalty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PrairieSky. The board's role is to monitor PrairieSky Royalty's management team and ensure that shareholders' interests are well served. PrairieSky Royalty'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, PrairieSky Royalty's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Cameron Proctor, Vice President - Legal & Corporate Services, Corporate Secretary | ||
| Daniel Cambrin, Controller | ||
| Jane Gavan, Director | ||
| Daniel CFA, VP Officer | ||
| Cameron LLB, COO Sec | ||
| Grant Zawalsky, Independent Director | ||
| James Estey, Independent Chairman of the Board | ||
| Amber Vrataric, Controller | ||
| Margaret McKenzie, Independent Director | ||
| Michael PGeo, VicePresident Markets | ||
| Robert Robotti, Independent Director | ||
| Sheldon Steeves, Independent Corporate Director | ||
| Pamela Kazeil, Chief Financial Officer, Vice President - Finance | ||
| P Gavan, Independent Director | ||
| Myron Stadnyk, Independent Director | ||
| Matthew McMahon, General Counsel | ||
| Andrew Phillips, President, Chief Executive Officer, Director |
PrairieSky 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 PrairieSky Royalty 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 | 0.0782 | ||||
| Return On Asset | 0.0562 | ||||
| Profit Margin | 0.46 % | ||||
| Operating Margin | 0.68 % | ||||
| Current Valuation | 6.3 B | ||||
| Shares Outstanding | 238.95 M | ||||
| Shares Owned By Insiders | 0.58 % | ||||
| Shares Owned By Institutions | 68.33 % | ||||
| Number Of Shares Shorted | 2.27 M | ||||
| Price To Earning | 47.29 X |
Pair Trading with PrairieSky Royalty
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 PrairieSky Royalty 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 PrairieSky Royalty will appreciate offsetting losses from the drop in the long position's value.Moving against PrairieSky Stock
| 0.77 | AGI | Alamos Gold | PairCorr |
| 0.76 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.74 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.7 | MNT-U | ROYAL CANADIAN MINT | PairCorr |
| 0.68 | CCM | Canagold Resources | PairCorr |
The ability to find closely correlated positions to PrairieSky Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PrairieSky Royalty 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 PrairieSky Royalty - 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 PrairieSky Royalty to buy it.
The correlation of PrairieSky Royalty 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 PrairieSky Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PrairieSky Royalty 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 PrairieSky Royalty 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 PrairieSky Stock
PrairieSky Royalty financial ratios help investors to determine whether PrairieSky 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 PrairieSky with respect to the benefits of owning PrairieSky Royalty security.