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Western Energy Services ( (TSE:WRG) ) has provided an update.
Western Energy Services Corp. has appointed Gavin Lane as the new President and CEO, following his interim role since January 31, 2025, after Alex MacAusland’s retirement. The decision comes after a comprehensive evaluation and external search, with the Board expressing confidence in Lane’s leadership to advance the company’s operations, safety processes, earning power, and culture. Chantel Calancia will continue as Interim CFO while a search for a permanent CFO is conducted.
Spark’s Take on TSE:WRG Stock
According to Spark, TipRanks’ AI Analyst, TSE:WRG is a Neutral.
Western Energy Services faces significant challenges with persistent net losses impacting its overall financial health. While cash flow resilience and a stable balance sheet provide some support, bearish technical indicators and a negative valuation outlook weigh heavily on the stock. The recent director elections are positive but not enough to significantly influence the score.
To see Spark’s full report on TSE:WRG stock, click here.
More about Western Energy Services
Western Energy Services Corp. is a progressive energy services company providing contract drilling services through its division, Horizon Drilling, in Canada, and its wholly owned subsidiary, Stoneham Drilling Corporation, in the United States. Additionally, Western offers production services in Canada through its Eagle Well Servicing division, which provides well servicing, and Aero Rental Services division, which provides oilfield rental services.
Average Trading Volume: 13,483
Technical Sentiment Signal: Sell
Current Market Cap: C$70.39M
Learn more about WRG stock on TipRanks’ Stock Analysis page.