WesCan Energy Corp., a junior public resource company, explores for, develops, and produces oil and gas properties in Canada and the United States.
Imperfect balance sheet and overvalued.
Share Price & News
How has WesCan Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WCE has not had significant price volatility in the past 3 months.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: WCE underperformed the Canadian Oil and Gas industry which returned -44.8% over the past year.
Return vs Market: WCE underperformed the Canadian Market which returned -24.5% over the past year.
Price Volatility Vs. Market
How volatile is WesCan Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StDoes WesCan Energy Corp.'s (CVE:WCE) CEO Pay Matter?
3 months ago | Simply Wall StSome WesCan Energy (CVE:WCE) Shareholders Have Copped A Big 60% Share Price Drop
7 months ago | Simply Wall StIs WesCan Energy Corp. (CVE:WCE) Excessively Paying Its CEO?
Is WesCan Energy undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate WCE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate WCE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: WCE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: WCE is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WCE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WCE is good value based on its PB Ratio (0.2x) compared to the CA Oil and Gas industry average (0.4x).
How is WesCan Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as WesCan Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of WCE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- WesCan Energy competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has WesCan Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WCE is currently unprofitable.
Growing Profit Margin: WCE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: WCE is unprofitable, and losses have increased over the past 5 years at a rate of -24.8% per year.
Accelerating Growth: Unable to compare WCE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WCE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-2.5%).
Return on Equity
High ROE: WCE has a negative Return on Equity (-21.89%), as it is currently unprofitable.
How is WesCan Energy's financial position?
Financial Position Analysis
Short Term Liabilities: WCE's short term assets (CA$599.1K) do not cover its short term liabilities (CA$1.8M).
Long Term Liabilities: WCE's short term assets (CA$599.1K) do not cover its long term liabilities (CA$1.6M).
Debt to Equity History and Analysis
Debt Level: WCE's debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: WCE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Inventory Level: WCE has a high level of physical assets or inventory.
Debt Coverage by Assets: WCE's debt is not covered by short term assets (assets are 0.7x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: WCE has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: WCE has been profitable on average in the past, therefore cash runway is not a concern.
What is WesCan Energy's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WCE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate WCE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WCE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WCE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WCE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Greg T. Busby has been the Chief Executive Officer and President of Wescan Energy Corp. since September 14, 2012. Mr. Busby served as the Chief Executive Officer and President of Tuscany Energy Ltd. fr ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD130.84K) is about average for companies of similar size in the Canadian market ($USD159.13K).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
|CFO & VP of Finance||6.83yrs||no data||no data|
|Corporate Secretary||7.58yrs||no data||no data|
Experienced Management: WCE's management team is seasoned and experienced (7.4 years average tenure).
|Independent Director||15.25yrs||no data||0.081% CA$505.0|
|Chairman||7.42yrs||no data||0.18% CA$1.1k|
|Independent Director||7.83yrs||no data||0.019% CA$120.0|
Experienced Board: WCE's board of directors are considered experienced (7.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WCE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.8%.
WesCan Energy Corp.'s company bio, employee growth, exchange listings and data sources
- Name: WesCan Energy Corp.
- Ticker: WCE
- Exchange: TSXV
- Founded: 1993
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$627.193k
- Shares outstanding: 31.36m
- Website: https://www.wescanenergycorp.com
- WesCan Energy Corp.
- 520 – 5th Avenue SW
- Suite 2500
- T2P 3R7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WCE||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Jun 1994|
WesCan Energy Corp., a junior public resource company, explores for, develops, and produces oil and gas properties in Canada and the United States. It holds interests in petroleum and natural gas assets located in east-central Alberta. The company was formerly known as Great Pacific International Inc. and changed its name to WesCan Energy Corp. in October 2012. WesCan Energy Corp. was incorporated in 1993 and is based in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 01:34|
|End of Day Share Price||2020/03/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.