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The latest announcement is out from Western Energy Services ( (TSE:WRG) ).
Western Energy Services Corp. announced the retirement of its Chief Executive Officer, Alex R.N. MacAusland, who has been with the company for nearly 20 years. MacAusland played a crucial role in navigating the company through significant challenges in the Canadian energy sector, including a major recapitalization in 2022, which strengthened the company’s financial position. The board will begin the search for a permanent CEO, with Gavin Lane, the current Chief Financial Officer, stepping in as interim CEO. Chantel Calancia will take on the interim CFO role. This leadership transition is expected to maintain the company’s momentum as it continues to build its business in improving market conditions.
More about Western Energy Services
Western Energy Services Corp. is a progressive energy services company that provides contract drilling services in Canada through its division, Horizon Drilling, and in the United States through its subsidiary, Stoneham Drilling Corporation. Additionally, the company offers production services in Canada via divisions such as Eagle Well Servicing and Aero Rental Services, which provide well servicing and oilfield rental services respectively.
YTD Price Performance: -3.49%
Average Trading Volume: 1,877
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$88.84M
For a thorough assessment of WRG stock, go to TipRanks’ Stock Analysis page.
