P/E Ratios vs Stock price
It seems that there are a few energy stocks severely undervalued, BTE is at the top of the list, WCP is another just as an example. BTE according to my trading account states a 1.90 P/E, WCP is under 4x earnings. When I compare others, BIR, 9 x ARX 9x, TOU 12x, SU 12x, CVE 75x. The question is who determines the SP based on earnings to be trading at a huge discount to other energy companies? If Baytex was trading at the average, say 10-12 x earnings then this stock should be over $10.00 right now. Why is this not trading at those levels?