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Headwater Exploration: Top 10 Undervalued Energy Sector Stocks on TSX (HWX)

AI-generated - The Globe and Mail - Wed Nov 13, 6:55PM CST

Headwater Exploration 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
BNGBengal Energy0.010.020.01 (116.8%)1181614.90.00.0
CNECanacol Energy3.086.453.37 (109.5%)33263105.18.46.5
TWMTidewater Midstream0.230.470.24 (108.9%)164539896.50.00.0
BNEBonterra Energy3.255.712.46 (75.8%)49549121.40.03.3
ISOIsoEnergy2.995.042.05 (68.6%)252736567.90.00.0
GTEGran Tierra Energy8.5113.605.09 (59.8%)19811261.50.04.3
FECFrontera Energy8.0012.374.37 (54.6%)52289700.52.35.3
PPRPrairie Provident0.030.040.01 (45.0%)23545828.00.00.0
HWXHeadwater Exploration6.729.322.60 (38.7%)8758601609.16.08.6
TALPetroTal0.670.910.24 (36.0%)662157627.514.23.4

All data provided as of November 12, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.

Headwater Exploration

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration for development and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.

Headwater Exploration is listed under HWX 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.