Skip to main content

I3 Energy Plc(ITE-T)
TSX

Today's Change
Real-Time Last Update

i3 Energy: Top 10 Undervalued Energy Sector Stocks on TSX (ITE)

AI-generated - The Globe and Mail - Wed Nov 15, 2023

i3 Energy is now ranked among the top 10 undervalued stocks in the Energy sector on the Toronto Stock 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)

Stocks in this category are held primarily for capital appreciation.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
PEAPieridae Energy0.410.990.58 (143.7%)16303264.40.00.6
ESIEnsign Energy Services2.243.891.65 (73.9%)512081413.50.019.3
ITEi3 Energy0.180.320.13 (72.9%)239604225.111.63.5
AKT-AAkita Drilling1.402.401.00 (71.3%)6875156.10.02.0
CNECanacol Energy6.8710.954.08 (59.4%)84348234.315.10.9
SOILSaturn Oil & Gas2.403.631.23 (51.3%)158276341.70.03.8
TOTTotal Energy Services8.1112.214.10 (50.5%)34774332.23.75.5
YGRYangarra Resources1.592.230.64 (40.2%)97258159.10.01.4
FORZForza Petroleum0.120.160.04 (37.0%)2338772.20.00.0
SDESpartan Delta3.705.031.33 (35.9%)329421644.90.00.9

All data provided as of November 14, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.

i3 Energy

i3 Energy PLC is an oil and gas company with low-cost, diversified, and growing production sites in the Western Canada Sedimentary Basin, Canada's most hydrocarbon-rich region. The group has two operating segments which include UK / Corporate and Canada. The corporate segment engaged in the UK and oil and gas exploration, appraisal, and development on the UKCS. Canada segment engaged in oil and gas production in the WCSB. Geographically, it derives a majority of its revenue from Canada.

i3 Energy is listed under ITE on the Toronto Stock 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.

More from The Globe

inside the market
Short sales on the TSX: What bearish investors are betting against
Larry MacDonald