Post by
Shaleguy on Jan 13, 2022 4:47pm
Some food for thought. P/E ratios
Based on today's close. TOU:. 7.87 POU:. 8.07 AAV:. 18.62 ARX:. 17.87 NvA:. 2.07 PEY:. 12.06 BTR:. 1.93 BIR:. 7.58 CR:. 2.67 So what this tells me is that in the fourth quarter the SP should go up But, if current prices hold, there is more upside in guys with low ratios. Baytex and. Crew look to be takeover candidates.
Comment by
topdown99 on Jan 13, 2022 5:42pm
I wonder how acurate that P/E ratio number really is , the first couple of Q's were a challenge to report but Q3 showed impressive FCF which I would expect to continue . My dad used to always say , "figures don't lie but liars can figure" . I would wait for year end to update that number rather than treating it as gospel
Comment by
Shaleguy on Jan 13, 2022 5:51pm
Agreed. In a properly functioning market prices are a reflection of what the thinks the future will be. Maybe some of those pes represent trouble for those companies.
Comment by
topdown99 on Jan 13, 2022 6:04pm
I don't see any of those companies having real trouble to be worried about , commodity prices have been solid and all of those companies should be hemoraging FCF