Coelacanth Energy

CEI.V

Oil & Gas Exploration & Production · Energy

Price

C$0.75

+0.01 (+1.35%)

Market Cap

C$475.4M

Exchange

Toronto Stock Exchange Ventures

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 31, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Good

Stability

Good

Valuation

Good

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Share count rising — dilution

+41.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 376.2M (2021) → 532.4M (2025)

Winston Score History

The full picture

Coelacanth Energy is a Canadian oil and gas company focused on exploring and developing natural gas resources in northeastern British Columbia's Montney formation. The company drills wells to produce natural gas and natural gas liquids, which it sells to energy markets. It is a smaller exploration and production company that has been building up a significant land position in the Montney, one of North America's most prolific unconventional gas plays.

Coelacanth makes money by selling the natural gas and liquids it produces from its wells. It operates exclusively in western Canada and trades on the TSX Venture Exchange with a market capitalization around C$500 million. Its large, concentrated land base in the Montney gives it a sizable inventory of future drilling locations, which is a key asset. The main growth driver is ramping up production as it develops more of its acreage, though the company faces risks from volatile natural gas prices and the capital-intensive nature of early-stage resource development.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+330.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+201.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

C$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

18.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

C$8M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Coelacanth Energy grew revenue 331% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

38.0%

Modest — 38.0% gross margin

Profit after running costs

Operating Margin

26.3%

Excellent — 26.3% operating margin

Return on the money invested

ROCE

4.0%

Weak — 4.0% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

+343.4%

Fast-growing sales (+343.4% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

808%

Turns 808% of profit into real cash

Spare cash per sale

FCF Margin

-24.3%

Burning cash (-24.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.02

Conservative — low debt load (0.02)

Covers its interest

Interest Cover

1.80x

Dangerous — barely covers interest (1.8x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

117.2x

Expensive — P/E 117.2

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+66.7

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (117.2 → 50.5)

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Dividends

Not applicable for this business.

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