Paul Colborne - Surge Energy President, Chief Executive Officer, Director
| SGY Stock | CAD 5.37 0.07 1.29% |
CEO
Mr. Paul Colborne is President, Chief Executive Officer, Director of the Company. President and CEO of the Corporationrationration. He is also the President of StarValley Oil and Gas Ltd., a private, Calgarybased oil and gas company founded in November 2005. Mr. Colborne currently serves on the Board of Directors of Rising Star Resources Ltd. and Red River Oil Inc., two private oil and gas companies. In 1993, after nine years practicing securities, banking and oil and gas law, Mr. Colborne directed his focus to the oil and gas industry and founded an oil and gas company called, Startech Energy Ltd., a publicly traded company, which grew to 15, 000 boed. Eight years later in 2001, Startech was acquired by ARC Energy Trust for more than C500 million. From September 2003 to January 2005, Mr. Colborne was the President and CEO of StarPoint Energy Trust, a 36, 000 boed publicly traded energy trust. From 1996 to May of 2013, Mr. Colborne was on the Board of Crescent Point Energy, a 165, 000 boed, publicly traded, dividend paying oil and gas company. Until its sale in July of 2009, Mr. Colborne served as Chairman of TriStar Oil Gas Ltd. He was also a Director for Westfire Energy Ltd., Twin Butte Energy Ltd., Cequence Energy, and Chairman of Seaview Energy Ltd. until its sale in December of 2009, he also served as a Director of Breaker Energy. Mr. Colborne was also Chairman and a Director of Mission Oil and Gas Inc. until its sale in February 2007. In May of 2014, Paul stepped down from the Board of Legacy Oil Gas. In June of 2014, Paul completed his term as Chairman of a private company called New Star Energy, and stepped down as a Director. since 2013.
| Age | 66 |
| Tenure | 12 years |
| Address | Centennial Place ? East Tower, Calgary, AB, Canada, T2P 0R3 |
| Phone | 403 930 1010 |
| Web | https://www.surgeenergy.ca |
Surge Energy Management Efficiency
The company has return on total asset (ROA) of 0.0305 % which means that it generated a profit of $0.0305 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0989) %, meaning that it generated substantial loss on money invested by shareholders. Surge Energy's management efficiency ratios could be used to measure how well Surge Energy manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Surge Energy's Return On Tangible Assets are very stable compared to the past year. As of the 1st of March 2025, Return On Capital Employed is likely to grow to 0.29, while Return On Equity is likely to drop 0.02. At this time, Surge Energy's Return On Tangible Assets are very stable compared to the past year. As of the 1st of March 2025, Debt To Assets is likely to grow to 0.20, while Net Tangible Assets are likely to drop about 567.1 M.Similar Executives
| Found 4 records | CEO Age | ||
| PEng BScEng | Athabasca Oil Corp | N/A | |
| Brian Schmidt | Tamarack Valley Energy | 67 | |
| Jefferey Tonken | Birchcliff Energy | 67 | |
| Robert Broen | Athabasca Oil Corp | N/A | |
Management Performance
| Return On Equity | -0.0989 | ||||
| Return On Asset | 0.0305 |
Surge Energy Leadership Team
Elected by the shareholders, the Surge Energy's board of directors comprises two types of representatives: Surge Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Surge. The board's role is to monitor Surge Energy's management team and ensure that shareholders' interests are well served. Surge 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, Surge Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daryl Gilbert, Independent Director | ||
| Michael Bennett, Corporate Secretary | ||
| Paul Colborne, President, Chief Executive Officer, Director | ||
| Murray Smith, Independent Director | ||
| Murray Bye, Chief Operating Officer | ||
| James Stannard, Executive Vice President | ||
| Jared Ducs, Vice President - Finance | ||
| PGeol BSc, Senior Geosciences | ||
| Derek Christie, Senior Vice President - Geosciences | ||
| Allison Maher, Independent Director | ||
| Robert Leach, Lead Independent Director | ||
| Michelle Gramatke, Independent Director | ||
| P ONeil, Independent Director | ||
| James Pasieka, Independent Chairman of the Board | ||
| Margaret Elekes, Senior Vice President - Land and Business Development | ||
| Marion Burnyeat, Independent Director | ||
| Rod Monden, Controller |
Surge 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 Surge 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 | -0.0989 | ||||
| Return On Asset | 0.0305 | ||||
| Profit Margin | (0.15) % | ||||
| Operating Margin | 0.29 % | ||||
| Current Valuation | 780.7 M | ||||
| Shares Outstanding | 101.1 M | ||||
| Shares Owned By Insiders | 1.99 % | ||||
| Shares Owned By Institutions | 4.86 % | ||||
| Number Of Shares Shorted | 2.4 M | ||||
| Price To Earning | 11.44 X |
Pair Trading with Surge 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 Surge 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 Surge Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Surge Stock
The ability to find closely correlated positions to Surge 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 Surge 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 Surge 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 Surge Energy to buy it.
The correlation of Surge 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 Surge Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surge Energy 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 Surge 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 Surge Stock
Surge Energy financial ratios help investors to determine whether Surge 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 Surge with respect to the benefits of owning Surge Energy security.