Western Energy Services Management

Management criteria checks 3/4

Western Energy Services' CEO is Alex R. MacAusland, appointed in Dec 2009, has a tenure of 14.92 years. total yearly compensation is CA$1.07M, comprised of 49% salary and 51% bonuses, including company stock and options. directly owns 1.14% of the company’s shares, worth CA$1.04M. The average tenure of the management team and the board of directors is 2.8 years and 13.4 years respectively.

Key information

Alex R. MacAusland

Chief executive officer

CA$1.1m

Total compensation

CEO salary percentage	49.0%
CEO tenure	14.9yrs
CEO ownership	1.1%
Management average tenure	2.8yrs
Board average tenure	13.4yrs

Recent management updates

Recent updates

Western Energy Services Corp.'s (TSE:WRG) Shareholders Might Be Looking For Exit

Sep 13

Is Western Energy Services (TSE:WRG) Using Too Much Debt?

Jul 18

Take Care Before Diving Into The Deep End On Western Energy Services Corp. (TSE:WRG)

Dec 22

Western Energy Services (TSE:WRG) Shareholders Will Want The ROCE Trajectory To Continue

Nov 02

Is There An Opportunity With Western Energy Services Corp.'s (TSE:WRG) 22% Undervaluation?

Oct 06

Does Western Energy Services (TSE:WRG) Have A Healthy Balance Sheet?

Jun 27

Statutory Earnings May Not Be The Best Way To Understand Western Energy Services' (TSE:WRG) True Position

Aug 02

Western Energy Services Corp.'s (TSE:WRG) CEO Might Not Expect Shareholders To Be So Generous This Year

Apr 21

Western Energy Services (TSE:WRG) Has Debt But No Earnings; Should You Worry?

Dec 22

CEO Compensation Analysis

How has Alex R. MacAusland's remuneration changed compared to Western Energy Services's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-CA$7m
Jun 30 2024	n/a	n/a	-CA$7m
Mar 31 2024	n/a	n/a	-CA$10m
Dec 31 2023	CA$1m	CA$525k	-CA$7m
Sep 30 2023	n/a	n/a	-CA$8m
Jun 30 2023	n/a	n/a	-CA$6m
Mar 31 2023	n/a	n/a	CA$37m
Dec 31 2022	CA$3m	CA$525k	CA$29m
Sep 30 2022	n/a	n/a	CA$26m
Jun 30 2022	n/a	n/a	CA$15m
Mar 31 2022	n/a	n/a	-CA$34m
Dec 31 2021	CA$775k	CA$525k	-CA$36m
Sep 30 2021	n/a	n/a	-CA$38m
Jun 30 2021	n/a	n/a	-CA$37m
Mar 31 2021	n/a	n/a	-CA$32m
Dec 31 2020	CA$916k	CA$525k	-CA$41m
Sep 30 2020	n/a	n/a	-CA$86m
Jun 30 2020	n/a	n/a	-CA$87m
Mar 31 2020	n/a	n/a	-CA$89m
Dec 31 2019	CA$898k	CA$525k	-CA$81m
Sep 30 2019	n/a	n/a	-CA$38m
Jun 30 2019	n/a	n/a	-CA$37m
Mar 31 2019	n/a	n/a	-CA$42m
Dec 31 2018	CA$1m	CA$525k	-CA$41m
Sep 30 2018	n/a	n/a	-CA$37m
Jun 30 2018	n/a	n/a	-CA$38m
Mar 31 2018	n/a	n/a	-CA$39m
Dec 31 2017	CA$1m	CA$525k	-CA$38m

Compensation vs Market: Alex R.'s total compensation ($USD765.57K) is above average for companies of similar size in the Canadian market ($USD167.57K).

Compensation vs Earnings: Alex R.'s compensation has been consistent with company performance over the past year.

CEO

Alex R. MacAusland (55 yo)

14.9yrs

Tenure

CA$1,070,380

Compensation

Mr. Alex R. N. MacAusland has been the Chief Executive Officer of Western Energy Services Corp. since December 1, 2013 and its President since December 8, 2009. Mr. MacAusland is a founder of Western. Mr....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alex R. MacAusland	President	14.9yrs	CA$1.07m	1.14% CA$ 1.0m
Jack Pepper	Vice President of Operations & Business Development of Stoneham Drilling	no data	CA$558.44k	no data
J. MacAusland	Vice President of Operations of Horizon Drilling	no data	CA$439.71k	no data
R. Clancy	Vice President of Production Services	no data	CA$438.20k	no data
Gavin Bryan Lane	Chief Financial Officer	less than a year	no data	no data
April Williams	Vice President of Human Resources	2.8yrs	no data	0.0034% CA$ 3.1k

2.8yrs

Average Tenure

Experienced Management: WRG's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alex R. MacAusland	President	14.9yrs	CA$1.07m	1.14% CA$ 1.0m
John Rooney	Independent Director	14.9yrs	CA$75.00k	0.37% CA$ 337.5k
Colleen Cebuliak	Independent Director	2.5yrs	CA$60.00k	no data
Ronald Mathison	Independent Chairman	13.9yrs	CA$80.00k	5.57% CA$ 5.1m
Trent Boehm	Independent Director	2.5yrs	CA$70.00k	0.42% CA$ 383.6k
Lorne Gartner	Independent Director	13.4yrs	CA$60.00k	0.16% CA$ 143.4k
Tomer Cohen	Independent Director	2.4yrs	CA$70.00k	0.036% CA$ 33.1k

13.4yrs

Average Tenure

55yo

Average Age

Experienced Board: WRG's board of directors are seasoned and experienced ( 13.4 years average tenure).

Western Energy Services Management

Management criteria checks 3/4

Key information

Recent management updates

Western Energy Services Corp. Announces the Appointment of Gavin Lane as Chief Financial Officer

Insider recently sold CA$521k worth of stock

Western Energy Services Corp. Announces Resignation of Jeffrey K. Bowers as CFO

Western Energy Services Corp., Annual General Meeting, Apr 24, 2024

High number of new directors

Insufficient new directors

Recent updates

Third quarter 2024 earnings released: CA$0.037 loss per share (vs CA$0.04 loss in 3Q 2023)

Western Energy Services Corp.'s (TSE:WRG) Shareholders Might Be Looking For Exit

Second quarter 2024 earnings released: CA$0.15 loss per share (vs CA$0.23 loss in 2Q 2023)

Is Western Energy Services (TSE:WRG) Using Too Much Debt?

Western Energy Services Corp. Announces the Appointment of Gavin Lane as Chief Financial Officer

Insider recently sold CA$521k worth of stock

Western Energy Services Corp. Announces Resignation of Jeffrey K. Bowers as CFO

First quarter 2024 earnings released: EPS: CA$0.044 (vs CA$0.13 in 1Q 2023)

Now 21% undervalued

Full year 2023 earnings released: CA$0.21 loss per share (vs CA$1.23 profit in FY 2022)

Price target decreased by 7.7% to CA$3.00

Western Energy Services Corp., Annual General Meeting, Apr 24, 2024

Price target decreased by 7.4% to CA$3.13

Take Care Before Diving Into The Deep End On Western Energy Services Corp. (TSE:WRG)

Western Energy Services (TSE:WRG) Shareholders Will Want The ROCE Trajectory To Continue

Third quarter 2023 earnings released: CA$0.04 loss per share (vs CA$0.024 profit in 3Q 2022)

Price target decreased by 8.5% to CA$3.25

Is There An Opportunity With Western Energy Services Corp.'s (TSE:WRG) 22% Undervaluation?

Now 22% undervalued

Now 23% undervalued

Second quarter 2023 earnings released: CA$0.23 loss per share (vs CA$2.16 profit in 2Q 2022)

Now 22% undervalued

Does Western Energy Services (TSE:WRG) Have A Healthy Balance Sheet?

First quarter 2023 earnings released

Price target decreased by 16% to CA$3.58

Full year 2022 earnings released: EPS: CA$1.23 (vs CA$47.46 loss in FY 2021)

Price target decreased to CA$5.00

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: CA$0.024 (vs CA$14.03 loss in 3Q 2021)

Price target decreased to CA$5.00

Investor sentiment deteriorated over the past week

Statutory Earnings May Not Be The Best Way To Understand Western Energy Services' (TSE:WRG) True Position

High number of new directors

Second quarter 2022 earnings released: EPS: CA$0.018 (vs CA$0.14 loss in 2Q 2021)

Now 26% undervalued after recent price drop

Now 26% undervalued after recent price drop

Insufficient new directors

Western Energy Services Corp. Announces Board Changes

Insider recently bought CA$90k worth of stock

Western Energy Services Corp., Annual General Meeting, Jun 29, 2022

Estimating The Fair Value Of Western Energy Services Corp. (TSE:WRG)

Western Energy Services Corp. has completed a Follow-on Equity Offering in the amount of CAD 31.50188 million.

Independent Director exercised options to buy CA$586k worth of stock.

Western Energy Services Corp. has completed a Follow-on Equity Offering in the amount of CAD 31.50188 million.

First quarter 2022 earnings released: CA$0.044 loss per share (vs CA$0.071 loss in 1Q 2021)

Price target decreased to CA$0.04

Western Energy Services Corp. to Report Q1, 2022 Results on May 05, 2022

Estimating The Fair Value Of Western Energy Services Corp. (TSE:WRG)

Western Energy Services (TSE:WRG) Has Debt But No Earnings; Should You Worry?

Third quarter 2021 earnings released: CA$0.12 loss per share (vs CA$0.12 loss in 3Q 2020)

Calculating The Intrinsic Value Of Western Energy Services Corp. (TSE:WRG)

Is Western Energy Services (TSE:WRG) Using Debt Sensibly?

Second quarter 2021 earnings released: CA$0.14 loss per share (vs CA$0.088 loss in 2Q 2020)

First quarter 2021 earnings released: CA$0.071 loss per share (vs CA$0.17 loss in 1Q 2020)

Western Energy Services Corp.'s (TSE:WRG) CEO Might Not Expect Shareholders To Be So Generous This Year

Full year 2020 earnings released: CA$0.45 loss per share (vs CA$0.88 loss in FY 2019)

Full year 2020 earnings released: CA$0.45 loss per share (vs CA$0.88 loss in FY 2019)

Revenue misses expectations

Western Energy Services Corp., Annual General Meeting, Apr 27, 2021

Western Energy Services (TSE:WRG) Has Debt But No Earnings; Should You Worry?

New 90-day high: CA$0.36

New 90-day high: CA$0.33

Third quarter earnings released

Third-quarter earnings released: Revenue misses expectations

New 90-day high: CA$0.30

Price target lowered to CA$0.15

CEO Compensation Analysis

CEO

Tenure