Highwood Asset Mgmt: Top 10 Undervalued Oil & Gas Industry Stocks (HAM)
Highwood Asset Mgmt 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 |
|---|---|---|---|---|---|---|---|---|
| ITE | i3 Energy | 0.19 | 0.35 | 0.16 (83.3%) | 158294 | 231.3 | 8.4 | 8.9 |
| AKT-A | Akita Drilling | 1.50 | 2.68 | 1.18 (78.8%) | 26854 | 60.2 | 0.0 | 5.2 |
| NGY | Nexera Energy | 0.01 | 0.02 | 0.01 (65.4%) | 49888 | 1.0 | 0.0 | 0.0 |
| PNN | Pambili Natural Resources | 0.05 | 0.08 | 0.03 (65.2%) | 17734 | 1.3 | 0.0 | 0.0 |
| RHC | Royal Helium | 0.07 | 0.12 | 0.05 (64.5%) | 1060841 | 18.5 | 0.0 | 0.0 |
| HAM | Highwood Asset Mgmt | 6.30 | 10.29 | 3.99 (63.4%) | 8615 | 62.2 | 0.0 | 1.3 |
| RRL | Resolute Resources | 0.01 | 0.02 | 0.01 (60.5%) | 15804 | 0.8 | 0.0 | 0.0 |
| ESI | Ensign Energy Services | 2.34 | 3.52 | 1.18 (50.3%) | 249675 | 431.8 | 0.0 | 12.3 |
| MCM-A | Matachewan Cons | 0.21 | 0.32 | 0.11 (49.4%) | 1477 | 2.9 | 0.0 | 21.5 |
| AKT-B | Akita Drilling | 1.88 | 2.81 | 0.93 (49.3%) | 20 | 75.4 | 0.0 | 6.5 |
All data provided as of May 15, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Highwood Asset Mgmt
Highwood Asset Management Ltd is an asset management entity overseeing various operations including clean energy transition subsectors with a focus on ESG it also looks at current activities in the industrial metals & minerals, oil production, and oil midstream spaces. The Company's current focus is the exploration and development of its oil and natural gas properties in Alberta.
Highwood Asset Mgmt is listed under HAM 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.
