Daniel Rabun - ChampionX Independent Chairman of the Board

Chairman

Mr. Daniel Wayne Rabun serves as Independent Chairman of the Board. Mr. Rabun served as the Chairman of Ensco plc, an offshore drilling services company, based in London. He retired as President and Chief Executive Officer of Ensco in June 2014, having held the office of Chief Executive Officer for more than seven years and President for more than eight years. From 1986 through 2005, prior to joining Ensco, Mr. Rabun was a partner with the international law firm of Baker McKenzie LLP, where he provided legal advice to oil and gas companies. Mr. Rabun has served on the Board of Directors and as a member of the Audit Committee of Golar LNG Ltd. since February 2015 and served as the nonexecutive Chairman from September 2015 to September 2017. He has also served on the Board of Directors of Apache Corporation since May 2015, where he is currently a member of the Corporationrationrate Governance and Nominating Committee and the Management Development and Compensation Committee. During 2012, he served as Chairman of the International Association of Drilling Contractors. Mr. Rabun has also been a certified public accountant since 1976. Mr. Rabun brings a variety of experiences to the Board, including service as Chairman of the Board, President, and Chief Executive Officer of Ensco. During Mr. Rabuns term at Ensco, Ensco drilled some of the most complex wells for super majors, national oil companies, and independent operators in nearly every strategic oil and gas area in the world. Mr. Rabuns legal expertise gathered over many years at Baker McKenzie LLP, accounting knowledge gained from having been a certified public accountant since 1976, along with his board committee experience as both an Audit Committee and Management Development and Compensation Committee member, provides substantial value to the Board since 2018.
Age 64
Tenure 6 years
Phone281 403 5772
Webhttp://www.championx.com
Rabun’s international experience, global perspective, experience with strategic acquisitions, and financial acumen from having served a total of more than eight years as the business head of a public company,

ChampionX Management Efficiency

The company has Return on Asset of 3.84 % which means that on every $100 spent on assets, it made $3.84 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of (85.93) %, meaning that it generated no profit with money invested by stockholders. ChampionX's management efficiency ratios could be used to measure how well ChampionX manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 564.23 M in debt with debt to equity (D/E) ratio of 1.44, which is OK given its current industry classification. ChampionX has a current ratio of 2.49, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist ChampionX until it has trouble settling it off, either with new capital or with free cash flow. So, ChampionX's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ChampionX sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ChampionX to invest in growth at high rates of return. When we think about ChampionX's use of debt, we should always consider it together with cash and equity.

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ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies that help companies to drill for and produce oil and gas worldwide. The company was formerly known as Apergy Corporation and changed its name to ChampionX Corporation in June 2020. Apergy is traded on New York Stock Exchange in the United States. ChampionX (APY) is traded on New York Stock Exchange in USA and employs 3,000 people.

Management Performance

ChampionX Leadership Team

Elected by the shareholders, the ChampionX's board of directors comprises two types of representatives: ChampionX inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ChampionX. The board's role is to monitor ChampionX's management team and ensure that shareholders' interests are well served. ChampionX'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, ChampionX's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gary Luquette, Independent Director
Stephen Todd, Independent Director
Mamatha Chamarthi, Independent Director
Robert Galloway, President - Drilling Technologies
GertJan Smulders, Technical Director
Daniel Rabun, Independent Chairman of the Board
Jay Nutt, Chief Financial Officer, Senior Vice President
Syed Raza, Senior Vice President and Chief Digital Officer
Sivasankaran Somasundaram, President, Chief Executive Officer, Director
David Skipper, IR Contact Officer
Neil Hackett, Joint Company Secretary, Non-Executive Director
Amy Broussard, Chief Human Resource Officer, Senior Vice President
Kenneth Fisher, Independent Director
Shankar Annamalai, Senior Vice President - Operations
Paul Mahoney, President - Production and Automation Technologies
Glenn Whiddon, Non-Executive Director
Stephen Wagner, Independent Director
Robert Downey, Non-Executive Director
Julia Wright, Senior Vice President General Counsel, Secretary

ChampionX 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 ChampionX 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ChampionX in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ChampionX's short interest history, or implied volatility extrapolated from ChampionX options trading.

Pair Trading with ChampionX

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 ChampionX 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 ChampionX will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Citrix Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citrix Systems 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 Citrix Systems - 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 Citrix Systems to buy it.
The correlation of Citrix Systems 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 Citrix Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citrix Systems 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 Citrix Systems 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.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Other Consideration for investing in ChampionX Stock

If you are still planning to invest in ChampionX check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ChampionX's history and understand the potential risks before investing.
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