Post by
Wildfury on Apr 07, 2022 4:11pm
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?
Comment by
Drifter133 on Apr 07, 2022 4:48pm
Bay, thank you for always willing to share your knowledge, appreciate!
Comment by
Drifter133 on Apr 07, 2022 4:56pm
For me, I'd much rather they pay 100% toward the debt until they're down to the 500-800 debt level before buybacks then at that point do the buybacks plus dividend ( only if it's a meaningful amount)
Comment by
Cobalt on Apr 07, 2022 5:42pm
There was a free cash flow list going around , match the highest up with names around 2 ,3 PE what a screaming buy , i found a few like Crew 62% run off the sector pull back March 15th still less then 4 PE, sector is still dirt cheap but ya has to be the debt load? cheers
Comment by
Cobalt on Apr 07, 2022 6:05pm
10 year yield line in the sand was 1.7 to get out of growth (story stocks that payout in years) and into value (free cash flow now). what is the yield like now 2.5ish? All the heads now on CNBC are like find the best free cash flow and lowest PE LOL have they seen this sector :)