Looking at proxies this year for some mid-cap oil companies I've bought - executive compensation is crazy for these guys. For example, the total pay-packet for the executive team at one of the companies is $20m+ vs the market capitalization of the company is $500m. These guy's are literally robbing the owners blind. They're getting paid more than the CEO's of companies that have market caps 10x their size!!! And their stock prices are down 90% in the past five years. It's disgusting.
Honestly, in the long run, the only oil & gas companies worth owning in this country are Suncor and CNRL. Among the many reasons why investors are shunning mid-cap and small-cap canadian oil and gas, this has to be one of them.
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