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Westgate Energy Inc. engages in the exploration, development, and production of oil and natural gas in Western Canada. The company operates Killam Property. It also holds a 100% working interest in six sections of mineral rights covering area of 1,536 hectares located in the Cold Lake Oil Sands Area, Alberta. In addition, the company focuses on Mannville Stack fairway located in East-Central Alberta and West-Central Saskatchewan. Westgate Energy Inc. is headquartered in Calgary, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public information on Westgate Energy Inc. (WGT.V) is limited, with few current corporate disclosures available. As an energy issuer, long-term growth likely depends on developing or acquiring assets, execution of exploration/production and commodity prices; investors may see small-cap upstream upside if projects advance and funding is obtained.
Key risks are limited disclosure, high execution and financing risk typical of small-cap energy firms and sensitivity to commodity prices and regulatory delays.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Income before tax | -3.04M | -1.72M | -1.72M |
| Net income | -3.04M | -1.72M | -1.72M |
| Selling general administrative | 2.36M | 1.46M | 1.46M |
| Gross profit | 2.02M | 0.72M | 0.72M |
| Reconciled depreciation | 1.14M | 0.30M | 0.30M |
| Operating income | -3.43M | -1.67M | -1.67M |
| Interest expense | 0.00M | 0.10M | 0.10M |
| Interest income | 0.18M | 0.16M | 0.16M |
| Net interest income | 0.18M | -0.11M | -0.11M |
| Total revenue | 3.57M | 1.20M | 1.20M |
| Total operating expenses | 7.00M | 2.87M | 2.87M |
| Cost of revenue | 1.55M | 0.48M | 0.48M |
| Total other income expense net | 0.20M | 0.06M | 0.06M |
| Net income from continuing ops | -3.04M | -1.72M | -1.72M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Total assets | 15.45M | 10.76M | 0.36M |
| Total liab | 4.64M | 4.53M | 0.37M |
| Total stockholder equity | 10.81M | 6.24M | -0.02M |
| Other current liab | 0.08M | - | - |
| Capital stock | 14.10M | 7.97M | 0.00M |
| Retained earnings | -4.78M | -1.74M | -0.02M |
| Cash | 0.74M | 3.68M | 0.08M |
| Total current liabilities | 1.40M | 1.69M | 0.22M |
| Net debt | - | - | 0.01M |
| Short long term debt | - | - | 0.09M |
| Total current assets | 1.53M | 4.15M | 0.17M |
| Net receivables | 0.35M | 0.17M | 0.01M |
| Inventory | 0.05M | 0.04M | 0.00M |
| Non currrent assets other | 0.50M | - | - |
| Non current assets total | 13.93M | 6.61M | 0.19M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Net borrowings | 0.00M | 1.86M | 1.86M |
| Total cash from financing activities | 6.88M | 7.67M | 7.67M |
| Net income | -3.04M | -1.72M | -1.72M |
| Change in cash | -2.43M | 3.59M | 3.59M |
| Begin period cash flow | 3.68M | 0.08M | 0.08M |
| End period cash flow | 1.24M | 3.68M | 3.68M |
| Total cash from operating activities | -0.80M | -1.26M | -1.26M |
| Issuance of capital stock | 7.04M | 6.32M | 6.32M |
| Change to inventory | - | -0.04M | 0.00M |
| Change to account receivables | - | -0.32M | -0.06M |
| Capital expenditures | 4.99M | 4.10M | 4.10M |
| Change in working capital | 0.37M | 1.17M | -0.11M |
| Stock based compensation | 0.13M | - | 0.00M |
| Other non cash items | 0.60M | -0.96M | 0.27M |
| Free cash flow | -5.79M | -5.36M | -5.36M |
Sector: Energy Industry: Oil & Gas Drilling
Westgate Energy Inc. engages in the exploration, development, and production of oil and natural gas in Western Canada. The company operates Killam Property. It also holds a 100% working interest in six sections of mineral rights covering area of 1,536 hectares located in the Cold Lake Oil Sands Area, Alberta. In addition, the company focuses on Mannville Stack fairway located in East-Central Alberta and West-Central Saskatchewan. Westgate Energy Inc. is headquartered in Calgary, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Richard A. Grafton | Executive Chairman | 1953 |
| Mr. Daniel Curt Brown | CEO & Director | 1958 |
| Mr. Nicholas Grafton | CFO & Corporate Secretary | 1984 |
| Mr. Jordan Kevol | Chief Operating Officer | 1982 |
| Mr. Richard A. Grafton | Founder & Executive Chairman | 1953 |
| Mr. Dale C. J. Mennis | Vice President of Corporate Development | NA |
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