Source Energy Services: Top 10 Undervalued Oil & Gas Industry Stocks (SHLE)
Source Energy Services 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 |
|---|---|---|---|---|---|---|---|---|
| ROK-X | ROK Resources | 0.34 | 0.7 | 0.36 (108.96) | 465,284 | 63.4 | 0 | 0.7 |
| DKL-X | Decklar Resources | 0.28 | 0.53 | 0.25 (89.45) | 70,602 | 27.4 | 0 | 0 |
| PQE-X | Petroteq Energy | 0.04 | 0.09 | 0.05 (126.17) | 1,033,521 | 29.9 | 0 | 0 |
| TNZ-T | Tenaz Energy | 1.53 | 2.8 | 1.27 (82.74) | 26,321 | 44.7 | 0 | 1.8 |
| XL-X | XXL Energy | 0.23 | 0.63 | 0.4 (168.1) | 725 | 1.7 | 0 | 0 |
| ARH-X | Altima Resources | 0.04 | 0.11 | 0.07 (168.35) | 142 | 1.4 | 0 | 0 |
| CAI-X | Capitan Investment | 0.01 | 0.02 | 0.01 (86.15) | 6,410 | 2.9 | 0 | 0 |
| SHLE-T | Source Energy Services | 1.1 | 2.08 | 0.98 (88.94) | 17,807 | 14.9 | 0 | 0 |
| EOG-X | Eco (Atlantic) Oil & Gas | 0.54 | 0.96 | 0.42 (77.27) | 514,875 | 158.6 | 0 | 0 |
| CTA-X | Centaurus Energy | 0.01 | 0.01 | 0 (84.94) | 474,073 | 2.7 | 0 | 0 |
More about Source Energy Services
All data provided as-at market close October 03, 2022. The list is sorted by stocks with the greatest percentage difference between valuation and price. Source Energy Services Source Energy Services Ltd is a fully integrated producer, supplier and distributor of Northern White frac sand, which is a preferred proppant used to enhance hydrocarbon recovery in the hydraulic fracturing of oil and natural gas wells. Source Energy Services is listed under SHLE 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) and Analyst Consensus
Artificial intelligence at Report on Business
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.
