RE:RE:SDE at C$5.60 vs BIR, CR, ARX, SRX, PNE, TOU, NVA, PEY, AAVLet's start with the basics that you obviously miss.
The energy producers are divided into junior, intermediate, senior (or large) and integrated (i.e. XOM, CVX etc.), facts below:
https://blog.evaluateenergy.com/list-of-canadian-oil-and-gas-companies The intermediate producers produce from 10,000 boepd to 100,000 boepd. Therefore,
most of the peers in the title are intermediate producers including CR and SDE. Specifically, CR produces about 27,000 boepd and
CR's current Enterprise Value is about C$650 million. SDE produces about 42,000 boepd and
SDE's current Enterprise Value is less than C$600 million. Therefore, both are intermediate producers.
But CR's key metrics (EV-to-Cash Flow and EV-to-Boepd) are higher than SDE's ones, although
CR has a much weaker balance sheet due to the debt overhang. Seppelt wrote: What a comparison?! From small CR carrying more than $350 million debt all the way to mature adults ARX and TOU. Good luck with your numbers but here are a few unknown things, hopefully all pleasant surprises:
-About $100 mil still left in cash to be spent on acquisitions and consolidation. So far so good.
-2022 capex. Time for Simonette and more everywhere else.
-Transitioning to TSX. Sooner the better.
Lots of good things expected in the patch, as long as oil and gas prices stay strong.