David Balser - Major Drilling Advisor
| MDI Stock | CAD 8.59 0.28 3.37% |
Executive
Mr. David D. Balser is an Chief Financial Officer of Major Drilling Group International Inc since 2015.
| Tenure | 9 years |
| Address | 111 St. George Street, Moncton, NB, Canada, E1C 1T7 |
| Phone | 506 857 8636 |
| Web | https://www.majordrilling.com |
Major Drilling Management Efficiency
The company has return on total asset (ROA) of 0.0657 % which means that it generated a profit of $0.0657 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0965 %, meaning that it generated $0.0965 on every $100 dollars invested by stockholders. Major Drilling's management efficiency ratios could be used to measure how well Major Drilling manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Major Drilling's Return On Tangible Assets are very stable compared to the past year. As of the 1st of December 2024, Return On Assets is likely to grow to 0.09, while Return On Capital Employed is likely to drop 0.1. At this time, Major Drilling's Non Currrent Assets Other are very stable compared to the past year. As of the 1st of December 2024, Return On Tangible Assets is likely to grow to 0.09, while Total Assets are likely to drop about 428 M.Similar Executives
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Management Performance
| Return On Equity | 0.0965 | ||||
| Return On Asset | 0.0657 |
Major Drilling Group Leadership Team
Elected by the shareholders, the Major Drilling's board of directors comprises two types of representatives: Major Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Major. The board's role is to monitor Major Drilling's management team and ensure that shareholders' interests are well served. Major Drilling'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, Major Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marc Landry, Vice President - Technology & Logistics | ||
| LouisPierre Gignac, Independent Director | ||
| Ben Graham, Vice Safety | ||
| Janice Rennie, Independent Director | ||
| CPA CMA, Vice Logistics | ||
| David Tennant, Independent Chairman of the Board | ||
| John Burzynski, Independent Director | ||
| Edward Breiner, Independent Director | ||
| Denis Larocque, President and Chief Executive Officer, Non-Independent Director | ||
| Ashley Martin, Vice President - Operations South America | ||
| Kimberly Keating, Independent Director | ||
| John Davies, Vice President Operations - Asia | ||
| Jo Zurel, Independent Director | ||
| Andrew McLaughlin, Vice President - Legal Affairs, General Counsel, Secretary | ||
| Kelly Johnson, Senior Vice President - Operations, North America and Africa | ||
| David Balser, Advisor | ||
| Ian Ross, Chief Financial Officer | ||
| Barry Zerbin, Vice Operations | ||
| Sybil Veenman, Independent Director | ||
| Chantal Melanson, Executive Assistant | ||
| Kevin Slemko, Vice Operations | ||
| Benjamin Graham, Vice President of Human Resources and Safety |
Major 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 Major Drilling 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 | 0.0965 | ||||
| Return On Asset | 0.0657 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 623.77 M | ||||
| Shares Outstanding | 81.84 M | ||||
| Shares Owned By Insiders | 0.31 % | ||||
| Shares Owned By Institutions | 55.24 % | ||||
| Number Of Shares Shorted | 624 K | ||||
| Price To Book | 1.37 X |
Pair Trading with Major Drilling
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 Major Drilling 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 Major Drilling will appreciate offsetting losses from the drop in the long position's value.Moving against Major Stock
The ability to find closely correlated positions to Major Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Major Drilling 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 Major Drilling - 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 Major Drilling Group to buy it.
The correlation of Major Drilling 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 Major Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Major Drilling Group 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 Major Drilling 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 Major Stock
Major Drilling financial ratios help investors to determine whether Major 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 Major with respect to the benefits of owning Major Drilling security.