WGTFF Financials: Westgate Energy Inc AI Analysis

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WGTFF Financial

Westgate Energy Inc

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At close: Mar 27, 16:00:00 GMT-4

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Post-market: Mar 27, 20:00:00 GMT-4

Overview Forecast Earnings Dividends Financials

Key Stats

Prev.Close

Open

Day's Range

52 week range

Volume

Avg.Volume

14.2K

Dividend yield

EPS (TTM)

-0.09

Market Cap

What is Westgate Energy Inc.?

Westgate Energy, Inc. engages in the oil and gas development in Western Canada. The company is headquartered in Calgary, Alberta. The company went IPO on 2008-12-19. The firm is focused on the emerging Mannville Stack fairway located in East-Central Alberta and West Central Saskatchewan. This fairway is characterized by known accumulations of medium and heavy oil and is being unlocked via the application of modern drilling techniques utilizing multi-lateral horizontal drilling. The firm has a 100% working interest in six sections (1,536 hectares) of mineral rights in the Cold Lake Oil Sands Area of Alberta (the New Core Area). Its new core area has approximately 40 unbooked multilateral drilling locations identified within the Mannville Stack group of formations. In addition, it is focused on the production of its summer program consisting of two horizontal, multilateral oil wells drilled at the Company's core Killam property in Eastern Alberta (the Summer Program Wells).

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Income

Balance sheet

Cash flow

Annual

Quarterly

WGTFF Income

Financials in millions USD. Fiscal year is February - January.

Breakdown	TTM	12/31/2024	03/31/2024	03/31/2023	03/31/2022	03/31/2021
Revenue	4	3	0	0	0	0
Revenue Growth (YoY)	300%	--	--	--	--	--
Cost of Revenue	--	--	0	0	0	--
Gross Profit	--	--	0	0	0	--
Selling, General & Admin	2	2	0	0	0	0
Research & Development	--	--	--	--	--	--
Operating Expenses	7	5	0	0	0	0
Other Non Operating Income (Expenses)	--	0	--	--	--	--
Pretax Income	-7	-3	0	0	0	-1
Income Tax Expense	--	--	--	0	0	0
Net Income	-7	-3	0	0	0	-1
Net Income Growth	600%	--	--	--	-100%	0%
Shares Outstanding (Diluted)	66.86	42.7	2.66	2.66	106.72	106.72
Shares Change (YoY)	33%	1,501%	0%	-98%	0%	0%
EPS (Diluted)	-0.11	-0.07	0.17	-0.02	0	-0.01
EPS Growth	280%	-140%	-919%	--	-100%	-50%
Free Cash Flow	-12	-8	0	0	0	0
Free Cash Flow Per Share	--	--	--	--	--	--
Gross Margin	--	--	0%	0%	0%	--
Operating Margin	-50%	-66.66%	0%	0%	0%	0%
Profit Margin	-175%	-100%	0%	0%	0%	0%
Free Cash Flow Margin	-300%	-266.66%	0%	0%	0%	0%
EBITDA	-1	-1	--	--	0	0
EBITDA Margin	-25%	-33.33%	--	--	0%	0%
D&A For EBITDA	1	1	--	--	0	0
EBIT	-2	-2	0	0	0	0
EBIT Margin	-50%	-66.66%	0%	0%	0%	0%
Effective Tax Rate	--	--	--	0%	0%	0%

Follow-Up Questions

What are Westgate Energy Inc's key financial statements?

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According to the latest financial statement (Form-10K), Westgate Energy Inc has a total asset of $15, Net loss of $-3

What are the key financial ratios for WGTFF?

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Westgate Energy Inc's Current ratio is 3.75, has a Net margin is -100, sales per share of $0.07.

How is Westgate Energy Inc's revenue broken down by segment or geography?

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Westgate Energy Inc largest revenue segment is Distribution, at a revenue of 16,636,000 in the most earnings release.For geography, United States is the primary market for Westgate Energy Inc, at a revenue of 11,461,000.

Is Westgate Energy Inc profitable?

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no, according to the latest financial statements, Westgate Energy Inc has a net loss of $-3

Does Westgate Energy Inc have any liabilities?

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yes, Westgate Energy Inc has liability of 4

How many outstanding shares for Westgate Energy Inc?

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Westgate Energy Inc has a total outstanding shares of 50.32

Westgate Energy Inc (WGTFF) Financial

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