Stocks Under $10: Canadian Integrated Oil Companies

Richard Suttmeier |

Stocks Under $10: Canadian Integrated Oil CompaniesAt www.ValuEngine.com we show that the Oils-Energy sector is 3.0% undervalued, with the Canadian Integrated industry 3.6% undervalued. All six of the stocks in today’s table have complete ValuEngine data and have enough price data to have most value levels, risky levels and pivots.

Equal Energy Ltd. (EQU) – has been below $10 since the week of September 19, 2008.
Gran Tierra Energy, Inc. (GTE) – has been below $10 for at least five years.
Lone Pine Resources Inc. (LPR) – has been below $10 since the week of September 9, 2011.
Pengrowth Energy Corporation (PGH) – has only been below $10 since March 22, 2012.
Sonde Resources Corp. (SOQ) – has been below $10 since the week of October 17, 2008.
TransGlobe Energy Corp. (TGA) – has only been below $10 since December 13, 2012.

 


Reading the Table

OV / UN Valued – The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine. The most undervalued stock in today’s table is SOQ by 64.3%. The most overvalued stock is LPR by 61.1%.

VE Rating – A “1-Engine” rating is a Strong Sell, a “2-Engine” rating is a Sell, a “3-Engine” rating is a Hold, a “4-Engine” rating is a Buy and a “5-Engine” rating is a Strong Buy. We have two Buy rated stocks, two Hold rated stocks, and two strong sell rated stock in LPR and SOQ.

Last 12-Month Return (%) – Stocks with a Red number declined by that percentage over the last twelve months. Stocks with a Black number increased by that percentage over the past twelve months! The biggest winner over the last twelve months is TGA with a gain of 35.3%. The biggest loser is LPR with a loss of 81.1%.

Forecast 1-Year Return – Stocks with a Red number are projected to decline by that percentage over the next twelve months. Stocks with a Black number in the Table are projected to move higher by that percentage over the next twelve months. The best performer is expected to be TGA but only with a gain of 6.9%. The biggest loser is projected to be SOQ with a loss of 21.9%.

P/E Ratios – Only three stocks have P/E ratios between 10.9 and 13.9.

Value Level: is the price at which to enter a GTC Limit Order to buy on weakness. The letters mean; W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A- Annual.

Pivot: A level between a value level and risky level that acts as a magnet during the time frame noted.

Risky Level: is the price at which to enter a GTC Limit Order to sell on strength.

Where to Buy and Where to Sell

A “Value Level” is a price at which buyers should add to positions on market price weakness. A “Risky Level” is a price at which sellers should reduce holdings on market price gains. A "Pivot" is a support or resistance (Value Level or Risky Level) that was violated in its time horizon, acting as a magnet during the remainder of that time horizon.  These levels are calculated in weekly (W), monthly (M), quarterly (Q), semiannual (S) and annual (A) time horizons, based on the past nine closes in each time horizon. My theory is that the closes over a nine-year period are the summation of all bullish and bearish events for that market or specific stock. These levels are the most important element of my Buy and Trade Strategy.

Buy and Trade Guidelines

Investors should consider entering good until cancelled (GTC) orders to buy weakness to a value level, or to sell strength to a risky level.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
ABS Albertsons Companies Inc n/a n/a n/a 0
GTE Gran Tierra Energy Inc. 3.01 -0.01 -0.33 1,879,196
PGH Pengrowth Energy Corporation 1.59 0.03 1.92 1,577,070
TGA Transglobe Energy Corp 1.97 0.02 1.03 211,335

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