Aaron MacAusland - Western Energy Vice Drilling

WRG Stock  CAD 2.17  0.03  1.36%   

Executive

Aaron MacAusland is Vice Drilling of Western Energy Services
Address 1700, 215 ? 9th Avenue SW, Calgary, AB, Canada, T2P 1K3
Phone403-984-5916
Webhttps://www.wesc.ca

Western Energy Management Efficiency

As of the 4th of April 2025, Return On Capital Employed is likely to grow to 0.01, while Return On Tangible Assets are likely to drop (0.02). At this time, Western Energy's Total Current Assets are very stable compared to the past year. As of the 4th of April 2025, Net Tangible Assets is likely to grow to about 286.8 M, while Total Assets are likely to drop about 411.8 M. Western Energy's management efficiency ratios could be used to measure how well Western Energy manages its routine affairs as well as how well it operates its assets and liabilities.
Western Energy Services has accumulated 948 K in total debt with debt to equity ratio (D/E) of 0.43, which is about average as compared to similar companies. Western Energy Services has a current ratio of 1.58, which is within standard range for the sector. Debt can assist Western Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Western Energy'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 Western Energy Services sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Western to invest in growth at high rates of return. When we think about Western Energy's use of debt, we should always consider it together with cash and equity.

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Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. The company was incorporated in 2013 and is headquartered in Calgary, Canada. WESTERN ENERGY operates under Oil Gas Drilling classification in Canada and is traded on Toronto Stock Exchange. It employs 566 people. Western Energy Services (WRG) is traded on Toronto Exchange in Canada and employs 615 people. Western Energy is listed under Energy Equipment & Services category by Fama And French industry classification.

Management Performance

Western Energy Services Leadership Team

Elected by the shareholders, the Western Energy's board of directors comprises two types of representatives: Western Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Western. The board's role is to monitor Western Energy's management team and ensure that shareholders' interests are well served. Western Energy'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, Western Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Darcy Reinboldt, Senior Vice President - Operations
John Rooney, Independent Director
Aaron MacAusland, Vice Drilling
Jeffrey Bowers, Chief Financial Officer, Senior Vice President - Finance, Secretary
R Clancy, Vice Services
Peter Balkwill, Vice President - Operations Finance
CFA CPA, Chief Officer
Alex MacAusland, CEO and President Director and Member of Health, Safety and Environment Committee
Daniel Lundstrom, Vice President Health, Safety and Environment
David Trann, Vice President - Finance
Lorne Gartner, Independent Director
Jack Pepper, Vice Drilling
April Williams, Vice Resources
Rick Harrison, Senior Vice President - Western Field Services and Special Projects
Ronald Mathison, Independent Chairman of the Board
Ross Clancy, Vice Services
Peter CA, Vice Finance
Donald Copeland, Independent Director
Chantel Calancia, Interim Officer

Western 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 Western Energy 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.

Pair Trading with Western Energy

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 Western Energy 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 Western Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Western Stock

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The ability to find closely correlated positions to Western Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Energy 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 Western Energy - 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 Western Energy Services to buy it.
The correlation of Western Energy 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 Western Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Energy Services 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 Western Energy 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

Other Information on Investing in Western Stock

Western Energy financial ratios help investors to determine whether Western 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 Western with respect to the benefits of owning Western Energy security.