Stock WRG WESTERN ENERGY SERVICES CORP.
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Company Western Energy Services Corp.

Equities

WRG

CA9581596009

Oil & Gas Drilling

Market Closed - Toronto S.E.
Other stock markets
 09:30:00 2024-04-25 am EDT 		5-day change 1st Jan Change
2.68 CAD -3.25% Intraday chart for Western Energy Services Corp. -4.29% -9.76%
Apr. 24 Transcript : Western Energy Services Corp. - Shareholder/Analyst Call
Apr. 23 Western Energy Services Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

Business Summary

Western Energy Services Corp. (Western) is a Canada-based energy service company. The Company is focused on providing contract drilling services through its division, Horizon Drilling (Horizon) in Canada, and its wholly owned subsidiary, Stoneham Drilling Corporation (Stoneham) in the United States. Western provides well servicing and oilfield rental equipment services in Canada through its wholly owned subsidiary Western Production Services Corp. (Western Production Services). Western Production Services’ division, Eagle Well Servicing (Eagle) provides well servicing, and Aero Rental Services (Aero) provides oilfield rental equipment services. In Contract Drilling Services, the Company operates a fleet of approximately 42 drilling rigs specifically suited for drilling complex horizontal wells. In production services, the Company provides well servicing and oilfield equipment rentals primarily in Canada operates approximately 65 well servicing rigs.

Number of employees: 675

Sales per Business

CAD in Million2022Weight2023Weight Delta
Contract Drilling
70.5 %
130 64.6 % 165 70.5 % +27.11%
Production Services
29.6 %
71 35.6 % 69 29.6 % -2.91%
Inter-segment Elimination
-0.2 %
0 -0.2 % 0 -0.2 % -16.04%

Sales per region

CAD in Million2022Weight2023Weight Delta
Canada
80.5 %
167 83.4 % 188 80.5 % +12.54%
United States
19.5 %
33 16.6 % 45 19.5 % +36.49%

Managers

Managers TitleAgeSince
Alex MacAusland FOU
 Founder 56 96-03-17
Jeffrey K. Bowers FOU
 Founder - 96-03-17
April Williams HRO
 Human Resources Officer - -
Peter John Balkwill PRN
 Corporate Officer/Principal - 15-03-31

Members of the board

Members of the board TitleAgeSince
John Rooney BRD
 Director/Board Member 67 09-12-21
Ronald Mathison CHM
 Chairman 67 10-12-16
Trent D. Boehm BRD
 Director/Board Member - 22-06-28
Alex MacAusland FOU
 Founder 56 96-03-17
Lorne A. Gartner BRD
 Director/Board Member 74 11-06-15
Colleen Cebuliak BRD
 Director/Board Member - 22-06-28
Tomer Cohen BRD
 Director/Board Member - 22-06-28

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 33,843,015 22,792,216 ( 67.35 %) 0 67.35 %

Shareholders

NameEquities%Valuation
Alberta Investment Management Corp.
49.68 %
16,813,333 49.68 % 35 M $
George Armoyan
18.63 %
6,303,456 18.63 % 13 M $
Ronald Mathison
12.29 %
4,159,011 12.29 % 9 M $
Alex MacAusland
1.145 %
387,422 1.145 % 800 026 $
Jeffrey K. Bowers
0.6848 %
231,767 0.6848 % 478 599 $
Trent D. Boehm
0.3721 %
125,933 0.3721 % 260 052 $
John Rooney
0.3708 %
125,484 0.3708 % 259 124 $
Russell Investments Canada Ltd.
0.2460 %
83,268 0.2460 % 171 948 $
Lorne A. Gartner
0.1576 %
53,326 0.1576 % 110 118 $
Daniel Vern Lundstrom
0.1135 %
38,404 0.1135 % 79 304 $

Company contact information

Western Energy Services Corp.

215-9th Avenue SW Suite 1700

T2P 1K3, Calgary

+403-984-5916

http://www.wesc.ca
address Western Energy Services Corp.(WRG)

Sector

Energy
Energy - Fossil Fuels
Oil & Gas Related Equipment and Services
Oil & Gas Drilling
Other Oil & Gas Drilling

Sales per Business

Sales per region

Ratings for Western Energy Services Corp.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
2.68 CAD
Average target price
2.875 CAD
Spread / Average Target
+7.28%
Consensus

Quarterly revenue - Rate of surprise

Company calendar

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1st Jan change Capi.
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-9.76% 68.32M
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