Stock

Eco (Atlantic) Oil & Gas

ECAOF

Oil & Gas Exploration & Production · Energy

Price

$0.58

-0.02 (-2.99%)

Market Cap

$202.1M

Exchange

Other OTC

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

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Share count rising — dilution

+57.8% over 4y

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

Diluted shares outstanding: 202.7M (2022) → 319.9M (2026)

§Winston Score History

The full picture

Eco (Atlantic) Oil & Gas is a small exploration company searching for oil and gas deposits off the coasts of southern Africa and South America. It holds exploration licenses in offshore Namibia, South Africa, and Guyana. The company does not yet produce or sell oil — it is focused on drilling wells to find out if commercial quantities exist underground.

Because Eco Atlantic has no production, it currently earns little to no revenue. It funds its operations by raising money from investors through share offerings. The company is listed on multiple stock exchanges and has a market cap around $200 million. Its main potential upside comes from its acreage in Namibia's Orange Basin, where nearby discoveries by larger companies have generated significant industry interest. However, as a pure exploration-stage company, Eco Atlantic faces high risk — drilling results could disappoint, and it may need to keep raising capital, which dilutes existing shareholders.

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

<−1,000% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-521.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

Research and development spending

Insider Activity

17.4%ownership

Insiders own a meaningful stake in the company

Cash Runway

~19 months

$15M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Revenue declining

Eco (Atlantic) Oil & Gas's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

100.0%

Premium pricing power — 100.0% gross margin

Profit after running costs

Operating Margin

141.5%

Excellent — 141.5% operating margin

Return on the money invested

ROCE

-40.6%

Weak — -40.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

Data not available

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

N/A

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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