Kenneth McKinnon - Touchstone Exploration Independent Director
| TXP Stock | CAD 0.41 0.04 8.89% |
Director
Mr. Kenneth R. McKinnon, QC., ICD.D., is Independent Director of Touchstone Exploration Inc. Mr. McKinnon is a Partner at Citrus Capital Partners Ltd. since January 2014. Mr. McKinnon was a director of Touchstone Exploration Inc. since its incorporation in 2012. Mr. McKinnon is a director and Chairman of the Compensation Committee of Alvopetro Energy Ltd., positions he has held since November 2013. In addition, Mr. McKinnon is a director and Chairman of the Audit Committee and Compensation Committee of The Supreme Cannabis Company Inc. Previously, Mr. McKinnon was a director of Lightstream Resources Ltd. from October 2009 to December 2016 and held the position of Chairman from May 2011 through December 2016. Mr. McKinnon was a director of Petrominerales Ltd. from May 2006 until the company was acquired in November 2013. Mr. McKinnon held the position of Vice President Legal and General Counsel of Critical Mass Inc., a website design company, from March 2000 to December 2014. Mr. McKinnon served on the Board of Governors of the University of Calgary from September 2008 to August 2014, as ViceChair of its Governance and Human Resources Committee from June 2010 through August 2012, ViceChair of its Finance and Property Committee from August 2013 to August 2014 and Chair of its Budget Committee from August 2012 to August 2014. Mr. McKinnon also served as a director and Chairman of the Governance and Compensation Committee of Alberta Innovates Technology Futures from January 2010 to March 2015. Mr. McKinnon is a member of the Institute of Corporationrationrate Directors. since 2000.
| Age | 60 |
| Tenure | 25 years |
| Address | 350-7th Avenue SW, Calgary, AB, Canada, T2P 3N9 |
| Phone | (403) 750-4400 |
| Web | https://www.touchstoneexploration.com |
Touchstone Exploration Management Efficiency
The company has return on total asset (ROA) of 0.0383 % which means that it generated a profit of $0.0383 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1287 %, meaning that it generated $0.1287 on every $100 dollars invested by stockholders. Touchstone Exploration's management efficiency ratios could be used to measure how well Touchstone Exploration manages its routine affairs as well as how well it operates its assets and liabilities. As of the 23rd of March 2025, Return On Tangible Assets is likely to grow to -0.16. In addition to that, Return On Capital Employed is likely to grow to -0.49. At this time, Touchstone Exploration's Other Assets are very stable compared to the past year. As of the 23rd of March 2025, Intangible Assets is likely to grow to about 2 M, while Total Assets are likely to drop about 151.8 M.Similar Executives
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Management Performance
| Return On Equity | 0.13 | |||
| Return On Asset | 0.0383 |
Touchstone Exploration Leadership Team
Elected by the shareholders, the Touchstone Exploration's board of directors comprises two types of representatives: Touchstone Exploration inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Touchstone. The board's role is to monitor Touchstone Exploration's management team and ensure that shareholders' interests are well served. Touchstone Exploration'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, Touchstone Exploration's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stanley Smith, Non-Executive Director | ||
| Scott Budau, Chief Financial Officer | ||
| Thomas Valentine, Corporate Secretary, Independent Director | ||
| PEng MBA, Executive Development | ||
| Harrie Vredenburg, Independent Director | ||
| James BSc, Chief Officer | ||
| John Wright, Independent Chairman of the Board | ||
| James Shipka, Chief Operating Officer | ||
| Kenneth McKinnon, Independent Director | ||
| Paul Baay, President, Chief Executive Officer, Director | ||
| Peter Nicol, Non-Executive Director | ||
| ICDD BA, CEO President | ||
| Timothy Sweeney, General Counsel |
Touchstone 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 Touchstone Exploration 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 | 0.13 | |||
| Return On Asset | 0.0383 | |||
| Profit Margin | 0.19 % | |||
| Operating Margin | (0.1) % | |||
| Current Valuation | 138.74 M | |||
| Shares Outstanding | 236.46 M | |||
| Shares Owned By Insiders | 10.30 % | |||
| Shares Owned By Institutions | 13.19 % | |||
| Number Of Shares Shorted | 207.36 K | |||
| Price To Book | 0.96 X |
Pair Trading with Touchstone Exploration
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 Touchstone Exploration 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 Touchstone Exploration will appreciate offsetting losses from the drop in the long position's value.Moving together with Touchstone Stock
Moving against Touchstone Stock
| 0.55 | LLY | Eli Lilly | PairCorr |
| 0.49 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.46 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.31 | ENB-PFU | Enbridge Pref L | PairCorr |
The ability to find closely correlated positions to Touchstone Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Touchstone Exploration 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 Touchstone Exploration - 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 Touchstone Exploration to buy it.
The correlation of Touchstone Exploration 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 Touchstone Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Exploration 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 Touchstone Exploration 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 Touchstone Stock
Touchstone Exploration financial ratios help investors to determine whether Touchstone 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 Touchstone with respect to the benefits of owning Touchstone Exploration security.