OIL PRODUCERS and LEG I have TID.TO from the energy sector which is an oilfield Company actually with international expansion trading as low as pbv=0,3. However I want to buy some undervalued oil weighted Companies too. I see LEG is priced for 100,000 $/boepd (85% oil and liquids). It also trade for 5 times the funds from operations annualized. It has about the same valuation of GTE (Gran Tierra - 100% oil) actually. Based on these metrics and few others, LEG (and GTE of course) is not cheap imo. They can rise but they are not cheap.
I also check CZE.TO (C&C Energia) which is debt free with pe=5 or less for 2012.
Does anybody know it ?