We Think Tethys Petroleum (CVE:TPL) Has A Fair Chunk Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Has the Canadian Oil and Gas Industry valuation changed over the past few years?
|Wed, 01 Dec 2021||CA$487.2b||CA$271.8b||CA$29.9b||7.8x|
|Fri, 29 Oct 2021||CA$496.4b||CA$236.5b||CA$19.1b||11.2x|
|Sun, 26 Sep 2021||CA$455.4b||CA$236.9b||CA$19.0b||9.7x|
|Tue, 24 Aug 2021||CA$405.5b||CA$233.9b||CA$18.6b||8.2x|
|Wed, 30 Jun 2021||CA$442.2b||CA$233.9b||CA$18.6b||8.2x|
|Sat, 03 Apr 2021||CA$379.8b||CA$197.3b||CA$2.2b||8.8x|
|Tue, 05 Jan 2021||CA$304.4b||CA$185.1b||-CA$24,540,160,782.25||10.4x|
|Fri, 09 Oct 2020||CA$260.7b||CA$199.4b||-CA$29,083,739,509.15||14.5x|
|Thu, 02 Jul 2020||CA$288.7b||CA$215.0b||-CA$24,217,187,324.22||17.7x|
|Sun, 05 Apr 2020||CA$259.9b||CA$248.0b||-CA$4,731,237,241.45||7x|
|Wed, 08 Jan 2020||CA$426.7b||CA$254.6b||CA$23.0b||12.3x|
|Tue, 01 Oct 2019||CA$404.1b||CA$247.3b||CA$24.8b||11.3x|
|Fri, 05 Jul 2019||CA$406.3b||CA$250.4b||CA$26.0b||9.3x|
|Mon, 08 Apr 2019||CA$421.0b||CA$246.7b||CA$15.1b||15.2x|
|Thu, 10 Jan 2019||CA$364.7b||CA$244.4b||CA$12.1b||12.6x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 7.6x which is lower than its 3-year average PE of 11.8x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: The earnings for companies in the Oil and Gas industry have grown 32% per year over the last three years, and revenues for these companies have grown 3.2% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Canadian Oil and Gas industry?
|Coal and Fuels||1.92%|
|Oil and Gas Refining and Marketing||1.04%|
|Oil and Gas Exploration and Production||0.93%|
|Integrated Oil and Gas||0.73%|
|Oil and Gas Storage and Transportation||-1.83%|
Industry PE: Investors are most optimistic about the Integrated Oil and Gas industry even though it's trading below its 3-year average PE ratio of 189x. However analysts are expecting annual earnings growth of 25%, which is lower than the prior year's growth of 497% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Oil and Gas Exploration and Production industry, which is trading below its 3-year average of 8.4x.
Forecasted Growth: Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 54% over the next 5 years. However this is lower than its past earnings growth rate of 538% per year. Meanwhile, the Oil and Gas Exploration and Production industry is expected to see its earnings growth to stay flat over the next few years.
Which companies have driven the market over the last 7 days?
Hillcrest Energy Technologies
Canadian Natural Resources
Jericho Energy Ventures
New Stratus Energy