Canadian Potentially Undervalued Companies

Highwood Asset Management

Market Cap: CA$58.4m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

Chorus Aviation

Market Cap: CA$538.0m

Through its subsidiaries, provides aviation services.

Sabio Holdings

Market Cap: CA$15.7m

Operates as a technology provider in the advertising areas of connected TV (CTV) and over-the-top (OTT) streaming in the United States and the United Kingdom.

ACT Energy Technologies

Market Cap: CA$175.8m

Provides directional drilling services to oil and natural gas exploration and development companies in Canada and the United States.

Air Canada

Market Cap: CA$5.7b

Provides domestic, U.S. transborder, and international airline services.

Open Text

Market Cap: CA$8.3b

Designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

Element Fleet Management

Market Cap: CA$14.1b

Operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand.

Bonterra Energy

Market Cap: CA$162.8m

A conventional oil and gas company, engages in the development and production of oil and natural gas in Canada.

Vecima Networks

Market Cap: CA$239.5m

Engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics.

Sangoma Technologies

Market Cap: CA$219.4m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

ARC Resources

Market Cap: CA$13.7b

Engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada.

Verano Holdings

Market Cap: CA$675.6m

Operates as a vertically integrated multi-state cannabis operator in the United States.

Richards Group

Market Cap: CA$345.3m

Designs, manufactures, and distributes packaging containers and healthcare supplies and products in North America.

Valeura Energy

Market Cap: CA$890.7m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Cenovus Energy

Market Cap: CA$43.6b

Develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China.

WELL Health Technologies

Market Cap: CA$1.1b

Operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally.

Decibel Cannabis

Market Cap: CA$60.6m

An integrated cannabis company, engages in the cannabis cultivation in Canada.

Alithya Group

Market Cap: CA$170.3m

Provides information technology services and solutions through digital technologies in Canada, the United States, and internationally.

Chemtrade Logistics Income Fund

Market Cap: CA$1.7b

Offers industrial chemicals and services in Canada, the United States, and South America.

Neo Performance Materials

Market Cap: CA$779.1m

Engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in China, Japan, Thailand, South Korea, North America, Europe, and internationally.

Microsoft

Market Cap: CA$3.5t

Develops and supports software, services, devices, and solutions worldwide.

Source Energy Services

Market Cap: CA$215.8m

Engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States.

Primaris Real Estate Investment Trust

Market Cap: CA$2.0b

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in enclosed shopping centres in Canadian markets.

PayPal Holdings

Market Cap: CA$53.6b

Operates a technology platform that enables digital payments for merchants and consumers worldwide.

Curaleaf Holdings

Market Cap: CA$2.9b

Produces and distributes cannabis products in the United States and internationally.

Uber Technologies

Market Cap: CA$175.9b

Develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Gran Tierra Energy

Market Cap: CA$163.1m

Engages in the exploration and production of oil and gas properties in Colombia, Canada, and Ecuador.

Cineplex

Market Cap: CA$704.2m

Operates as an entertainment and media company in Canada and internationally.

Trican Well Service

Market Cap: CA$1.3b

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

Galiano Gold

Market Cap: CA$1.0b

A mining, development, and exploration company.

Athabasca Oil

Market Cap: CA$3.3b

Engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada.

NTG Clarity Networks

Market Cap: CA$60.3m

Provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman.

Gildan Activewear

Market Cap: CA$12.9b

Manufactures and sells various apparel products.

Serabi Gold

Market Cap: CA$261.3m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Cogeco

Market Cap: CA$626.2m

Operates in the communications and media sectors in Canada and the United States.

Saturn Oil & Gas

Market Cap: CA$487.3m

Engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada.