TVE is undervalued -- TVE vs BTE Comparison BTE:
Production for Q2 2024 was 154,194 BOE/D
Earnings $103,898,000 CAD
EPS: $0.13
Capital Spent: $340,000,000
TVE:
Production for Q2 2024 was 64,143 BOE/D
Earnings: $94,887,000 CAD
EPS: 0.17
Capital Spending: $86,300,000
Conclusions:
On a comparison basis TVE generates much more margin per barrel, has less capital required per barrel.
TVE should trade higher than BTE as Q3 and Q4 unfold.
ML