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I3 Energy Plc(ITE-T)
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i3 Energy: Top 10 Undervalued Oil & Gas Industry Stocks (ITE)

AI-generated - The Globe and Mail - Wed Dec 27, 2023

i3 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.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
IFRIntl Frontier Resources0.060.290.24 (435.6%)159800.80.00.0
PEAPieridae Energy0.270.710.44 (162.6%)13705142.90.00.4
NGYNexera Energy0.010.030.02 (105.2%)1595731.00.00.0
ITEi3 Energy0.170.330.17 (102.7%)168654200.712.63.2
SNMShaMaran Petroleum0.040.090.04 (98.6%)51824127.10.00.0
EFVEF EnergyFunders Ventures0.010.010.00 (92.5%)7142.70.00.0
AFEAfrica Energy0.100.190.09 (88.4%)44157140.80.00.0
DVGDivergent Energy Services0.020.040.02 (83.2%)941650.70.00.0
ESIEnsign Energy Services2.193.811.62 (74.1%)319708404.30.019.2
AKT-AAkita Drilling1.412.441.03 (72.8%)5281256.50.02.0

All data provided as of December 27, 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.

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