Africa Energy: Top 10 Undervalued Oil & Gas Industry Stocks (AFE)
Africa Energy is now ranked among the top 10 undervalued stocks in the Oil & Gas industry on the Toronto Stock Exchange or TSX Venture Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Oil & Gas: Companies primarily engaged in the drilling for petroleum and natural gas.
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| IFR | Intl Frontier Resources | 0.06 | 0.29 | 0.24 (435.6%) | 15980 | 0.8 | 0.0 | 0.0 |
| PEA | Pieridae Energy | 0.27 | 0.71 | 0.44 (162.6%) | 137051 | 42.9 | 0.0 | 0.4 |
| NGY | Nexera Energy | 0.01 | 0.03 | 0.02 (105.2%) | 159573 | 1.0 | 0.0 | 0.0 |
| ITE | i3 Energy | 0.17 | 0.33 | 0.17 (102.7%) | 168654 | 200.7 | 12.6 | 3.2 |
| SNM | ShaMaran Petroleum | 0.04 | 0.09 | 0.04 (98.6%) | 51824 | 127.1 | 0.0 | 0.0 |
| EFV | EF EnergyFunders Ventures | 0.01 | 0.01 | 0.00 (92.5%) | 714 | 2.7 | 0.0 | 0.0 |
| AFE | Africa Energy | 0.10 | 0.19 | 0.09 (88.4%) | 44157 | 140.8 | 0.0 | 0.0 |
| DVG | Divergent Energy Services | 0.02 | 0.04 | 0.02 (83.2%) | 94165 | 0.7 | 0.0 | 0.0 |
| ESI | Ensign Energy Services | 2.19 | 3.81 | 1.62 (74.1%) | 319708 | 404.3 | 0.0 | 19.2 |
| AKT-A | Akita Drilling | 1.41 | 2.44 | 1.03 (72.8%) | 52812 | 56.5 | 0.0 | 2.0 |
All data provided as of December 27, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Africa Energy
Africa Energy Corp is an Canadian based oil and gas exploration company focused on South Africa. The company has exploration assets in South Africa and Namibia. The operations of the company include Block 11B/12B and Block 2B in South Africa as well as Petroleum Exploration License 37 in Namibia.
Africa Energy is listed under AFE on the TSX Venture Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
