Earnings season should be upon us shortly for the Oil and Gas junior companies. To prepare for the onslaught of earnings reports over the next month, I have updated and published below my junior comparison spreadsheet. I’ve added a few new companies to the list of those I follow, with those being Pinecrest and Galleon (now Guide Exploration).
A few things jumped out at me after having reviewe the spreadsheet:
- We’ve had a big move in Equal Energy from $4 to $6, but even with that move the stock is trading very cheaply on pretty much any metric
- Skywest really looks cheap compared to its peers. I used to own Skywest, but I sold it when it looked like they were headed for a cash crunch. I think it is worth looking at again at these levels.
- Arcan trades at a premium to its peers. Just something I like to point out to be aware of. I believe that it should trade at a premium, but its worth remembering because it suggests that any production hiccup will be severely punished
- Reliable Energy is starting to look interesting again. They had some interesting drill results in their last update and are reaching that critical production level (1,000bbl/d) where they will begin to generate the cash flow needed to ramp their production up on a consistent basis