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WesCan Energy

TSXV:WCE
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WCE
TSXV
CA$2M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

WesCan Energy Corp., a junior public resource company, explores for, develops, and produces oil and gas properties in Canada and the United States. The last earnings update was 78 days ago. More info.


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WCE Share Price and Events
7 Day Returns
0%
TSXV:WCE
-0.8%
CA Oil and Gas
-1.6%
CA Market
1 Year Returns
-23.1%
TSXV:WCE
-12.4%
CA Oil and Gas
-2.4%
CA Market
WCE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
WesCan Energy (WCE) 0% 0% 0% -23.1% 150% -28.6%
CA Oil and Gas -0.8% -4.4% 3.1% -12.4% -8.4% -34.9%
CA Market -1.6% -2.3% 2.5% -2.4% 11.9% 4.6%
1 Year Return vs Industry and Market
  • WCE underperformed the Oil and Gas industry which returned -12.4% over the past year.
  • WCE underperformed the Market in Canada which returned -2.4% over the past year.
Price Volatility
WCE
Industry
5yr Volatility vs Market

Value

 Is WesCan Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of WesCan Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for WesCan Energy.

TSXV:WCE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:WCE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.982 (1 + (1- 26.5%) (59.31%))
1.274
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.274 * 5.96%)
9.54%

Discounted Cash Flow Calculation for TSXV:WCE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for WesCan Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSXV:WCE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.54%)
2019 0.62 Est @ 5.8% 0.57
2020 0.65 Est @ 4.65% 0.54
2021 0.68 Est @ 3.84% 0.51
2022 0.70 Est @ 3.27% 0.48
2023 0.72 Est @ 2.87% 0.46
2024 0.74 Est @ 2.6% 0.43
2025 0.75 Est @ 2.4% 0.40
2026 0.77 Est @ 2.26% 0.37
2027 0.79 Est @ 2.17% 0.35
2028 0.80 Est @ 2.1% 0.32
Present value of next 10 years cash flows CA$4.43
TSXV:WCE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$0.80 × (1 + 1.95%) ÷ (9.54% – 1.95%)
CA$10.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$10.80 ÷ (1 + 9.54%)10
CA$4.34
TSXV:WCE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$4.43 + CA$4.34
CA$8.78
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$8.78 / 31.36
CA$0.28
TSXV:WCE Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.28
Current discount Discount to share price of CA$0.05
= -1 x (CA$0.05 - CA$0.28) / CA$0.28
82.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price WesCan Energy is available for.
Intrinsic value
>50%
Share price is CA$0.05 vs Future cash flow value of CA$0.27983
Current Discount Checks
For WesCan Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • WesCan Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • WesCan Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for WesCan Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are WesCan Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:WCE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.02
TSXV:WCE Share Price ** TSXV (2019-05-13) in CAD CA$0.05
Canada Oil and Gas Industry PE Ratio Median Figure of 58 Publicly-Listed Oil and Gas Companies 14.41x
Canada Market PE Ratio Median Figure of 549 Publicly-Listed Companies 14.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of WesCan Energy.

TSXV:WCE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:WCE Share Price ÷ EPS (both in CAD)

= 0.05 ÷ -0.02

-2.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WesCan Energy is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • WesCan Energy is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does WesCan Energy's expected growth come at a high price?
Raw Data
TSXV:WCE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.8%per year
Canada Oil and Gas Industry PEG Ratio Median Figure of 37 Publicly-Listed Oil and Gas Companies 0.89x
Canada Market PEG Ratio Median Figure of 250 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for WesCan Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on WesCan Energy's assets?
Raw Data
TSXV:WCE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.12
TSXV:WCE Share Price * TSXV (2019-05-13) in CAD CA$0.05
Canada Oil and Gas Industry PB Ratio Median Figure of 223 Publicly-Listed Oil and Gas Companies 0.89x
Canada Market PB Ratio Median Figure of 2,405 Publicly-Listed Companies 1.42x
TSXV:WCE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:WCE Share Price ÷ Book Value per Share (both in CAD)

= 0.05 ÷ 0.12

0.42x

* Primary Listing of WesCan Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WesCan Energy is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess WesCan Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. WesCan Energy has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is WesCan Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover WesCan Energy, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is WesCan Energy expected to grow at an attractive rate?
  • WesCan Energy's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • WesCan Energy's earnings growth is positive but not above the Canada market average.
  • Unable to compare WesCan Energy's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:WCE Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:WCE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.8%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 8.6%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:WCE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:WCE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 2 0 -1
2018-09-30 2 0 0
2018-06-30 2 0 -1
2018-03-31 2 0 -1
2017-12-31 2 0 1
2017-09-30 2 0 2
2017-06-30 2 0 2
2017-03-31 1 0 2
2016-12-31 1 0 3
2016-09-30 1 0 3
2016-06-30 1 0 3
2016-03-31 1 0 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • WesCan Energy's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if WesCan Energy is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:WCE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from WesCan Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:WCE Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.03
2017-12-31 0.07
2017-09-30 0.07
2017-06-30 0.07
2017-03-31 0.07
2016-12-31 0.14
2016-09-30 0.13
2016-06-30 0.14
2016-03-31 0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if WesCan Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess WesCan Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
WesCan Energy has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has WesCan Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare WesCan Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • WesCan Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare WesCan Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare WesCan Energy's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
WesCan Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from WesCan Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:WCE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1.69 -0.55 0.48
2018-09-30 1.90 -0.42 0.52
2018-06-30 1.67 -0.59 0.50
2018-03-31 1.54 -0.63 0.52
2017-12-31 1.59 1.49 0.50
2017-09-30 1.51 1.58 0.44
2017-06-30 1.51 1.62 0.43
2017-03-31 1.46 1.60 0.39
2016-12-31 1.28 3.01 0.35
2016-09-30 1.22 2.91 0.41
2016-06-30 1.20 3.05 0.39
2016-03-31 1.04 3.15 0.37
2015-12-31 0.81 -0.44 0.52
2015-09-30 0.50 -0.32 0.45
2015-06-30 0.19 -0.41 0.43
2015-03-31 0.04 -0.43 0.41
2014-12-31 0.05 -0.32 0.36
2014-09-30 0.06 -0.39 0.43
2014-06-30 0.04 -0.41 0.45
2014-03-31 0.03 -0.42 0.45
2013-12-31 0.03 -0.67 0.30
2013-09-30 0.05 -0.61 0.25
2013-06-30 0.05 -0.67 0.31
2013-03-31 0.05 -0.73 0.36
2012-12-31 0.06 -1.36 0.52
2012-09-30 0.04 -1.42 0.56
2012-06-30 0.08 -1.37 0.52

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if WesCan Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if WesCan Energy has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if WesCan Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess WesCan Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
WesCan Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is WesCan Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up WesCan Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • WesCan Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • WesCan Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of WesCan Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from WesCan Energy Company Filings, last reported 4 months ago.

TSXV:WCE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3.69 0.93 0.68
2018-09-30 4.00 0.93 0.72
2018-06-30 3.97 1.00 0.53
2018-03-31 3.67 1.19 0.40
2017-12-31 3.77 1.06 0.35
2017-09-30 3.95 1.12 0.30
2017-06-30 3.89 1.30 0.26
2017-03-31 4.03 1.37 0.24
2016-12-31 2.06 1.90 0.22
2016-09-30 2.15 1.89 0.19
2016-06-30 2.27 1.88 0.18
2016-03-31 2.42 1.86 0.26
2015-12-31 -0.95 1.86 0.38
2015-09-30 -0.76 1.89 0.34
2015-06-30 -0.78 1.54 0.17
2015-03-31 -0.73 0.57 0.13
2014-12-31 -0.50 0.30 0.23
2014-09-30 -0.44 0.31 0.36
2014-06-30 -0.37 0.30 0.46
2014-03-31 -0.80 0.32 0.14
2013-12-31 -0.65 0.53 0.23
2013-09-30 -0.63 0.63 0.34
2013-06-30 -0.81 0.61 0.31
2013-03-31 -0.91 0.31 0.21
2012-12-31 -0.70 0.49 0.24
2012-09-30 -0.91 0.50 0.01
2012-06-30 -0.77 0.68 0.00
  • WesCan Energy's level of debt (25.2%) compared to net worth is satisfactory (less than 40%).
  • WesCan Energy had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (17.2%, less than 20% of total debt).
  • Unable to confirm if the interest payments on WesCan Energy's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess WesCan Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. WesCan Energy has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is WesCan Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from WesCan Energy dividends.
If you bought CA$2,000 of WesCan Energy shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate WesCan Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate WesCan Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:WCE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 4.5%
Canada Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as WesCan Energy has not reported any payouts.
  • Unable to verify if WesCan Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of WesCan Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as WesCan Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess WesCan Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can WesCan Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. WesCan Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of WesCan Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Busby
COMPENSATION CA$185,000
TENURE AS CEO 6.7 years
CEO Bio

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. from April 12, 2005 to June 2008 and served as its Interim Chief Financial Officer. Mr. Busby served as the Chief Executive Officer and President of AXEA Capital Corp. He served as the President and Chief Executive Officer of CanRock Energy Corp., a junior public oil & gas company he co-founded and grew from zero production to approximately 500 boe/d. in the Provost area of east-central, Alberta. Mr. Busby served as the President and Chief Executive Officer of Sable Energy Ltd. and Sable Energy (UK) Ltd., a private international North Sea focused E&P company. Mr. Busby has 23 years of experience and extensive knowledge in structuring and negotiating transactions, mergers and acquisitions, joint ventures and venture capital financings and corporate finance. He co-founded Predator Exploration Ltd. and served as its Vice President of Land. From June 2003 to February 2005, Mr. Busby was a senior mineral land consultant at ExxonMobil Canada Ltd. From June 2001 to January 2003, he served as a senior negotiating landman with Apache Canada Ltd. He Served various senior level positions both as an employee and independent consultant with a number of major international and intermediate oil and gas companies in Calgary. He has been a Director of Wescan Energy Corp. since August 2012. Mr. Busby served as a Director of Tuscany Energy Ltd. from April 12, 2005 to June 2008. He served as a Director of AXEA Capital Corp. He is an active Member of the Canadian Association of Petroleum Landmen (CAPL) and holds a Bachelor of Arts degree from the University of Calgary.

CEO Compensation
  • Greg's compensation has increased whilst company is loss making.
  • Greg's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the WesCan Energy management team in years:

6.7
Average Tenure
  • The average tenure for the WesCan Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Greg Busby

TITLE
President
COMPENSATION
CA$185K
TENURE
6.7 yrs

John Cassels

TITLE
CFO & VP of Finance
COMPENSATION
CA$96K
AGE
70
TENURE
6 yrs

Leigh Stewart

TITLE
Corporate Secretary
TENURE
6.8 yrs
Board of Directors Tenure

Average tenure of the WesCan Energy board of directors in years:

6.9
Average Tenure
  • The tenure for the WesCan Energy board of directors is about average.
Board of Directors

Rick Orman

TITLE
Chairman
AGE
69
TENURE
6.7 yrs

Greg Busby

TITLE
President
COMPENSATION
CA$185K
TENURE
6.7 yrs

Mike Robichaud

TITLE
Independent Director
TENURE
14.5 yrs

Freddy De Leon Cu

TITLE
Director
TENURE
7.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
17. Oct 18 Sell Alfredo De Leon Cu Individual 17. Oct 18 17. Oct 18 -10,000 CA$0.05 CA$-500
X
Management checks
We assess WesCan Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. WesCan Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Shareholder Appears On The WesCan Energy Corp.'s (CVE:WCE) Shareholder Register?

A look at the shareholders of WesCan Energy Corp. … With a market capitalization of CA$1.6m, WesCan Energy is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Read This Before Selling WesCan Energy Corp. (CVE:WCE) Shares

So we'll take a look at whether insiders have been buying or selling shares in WesCan Energy Corp. … WesCan Energy Insider Transactions Over The Last Year. … That means that even when the share price was higher, an insider wanted to purchase shares

Simply Wall St -

Does Market Volatility Impact WesCan Energy Corp.'s (CVE:WCE) Share Price?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Our Take On WesCan Energy Corp.'s (CVE:WCE) CEO Salary

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Greg Busby's Compensation Compare With Similar Sized Companies. … is worth CA$1.6m, and total annual CEO compensation is CA$185k.

Simply Wall St -

Are WesCan Energy Corp's (CVE:WCE) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like WesCan Energy Corp (CVE:WCE), with a market cap of CA$1.7m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

What Kind Of Shareholder Owns Most WesCan Energy Corp (CVE:WCE) Stock?

A look at the shareholders of WesCan Energy Corp (CVE:WCE) can tell us which group is most powerful. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … WesCan Energy is not a large company by global standards.

Simply Wall St -

Is Wescan Energy Corp's (CVE:WCE) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Wescan Energy Corp (CVE:WCE), with a market cap of CA$2.67m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Does Wescan Energy Corp's (CVE:WCE) PE Ratio Signal A Buying Opportunity?

and want to better understand how you can grow your money by investing in Wescan Energy Corp (CVE:WCE). … Wescan Energy Corp (CVE:WCE) is trading with a trailing P/E of 1.5x, which is lower than the industry average of 19.8x. … While WCE might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

Does Wescan Energy Corp's (CVE:WCE) -45.55% Earnings Decline Reflect A Long-Term Trend?

I prefer to use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … This shows that, in the recent industry expansion, Wescan Energy has not been able to reap as much as its average peer.What does this mean? … Though Wescan Energy's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

Can Wescan Energy Corp (TSXV:WCE) Continue To Outperform Its Industry?

View our latest analysis for Wescan Energy What you must know about ROE Return on Equity (ROE) weighs WCE’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity Returns are usually compared to costs to measure the efficiency of capital. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity TSXV:WCE Last Perf Nov 28th 17 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

Company Info

Description

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.

Details
Name: WesCan Energy Corp.
WCE
Exchange: TSXV
Founded: 1993
CA$1,567,982
31,359,658
Website: http://www.wescanenergycorp.com
Address: WesCan Energy Corp.
520 – 5th Avenue SW,
Suite 2500,
Calgary,
Alberta, T2P 3R7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV WCE Common Shares TSX Venture Exchange CA CAD 29. Jun 1994
Number of employees
Current staff
Staff numbers
0
WesCan Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 01:23
End of day share price update: 2019/05/13 00:00
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.