Today, we have shortlisted 10 Canadian energy stocks that have reported high trailing twelve months ROE. Decomposing ROE into ROA and Financial Leverage, we note that these stocks are having more than 50% of their ROE derived from ROA, attributable to the effective use of assets by its management. Moreover these stocks are also having decent financial leverage ratios.
| Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Average Volume |
Price Change |
TTM ROE |
TTM ROA |
TTM Financial Leverage |
|
Sterling Resources Ltd |
SLG |
TSXV |
188.4 |
0.50 |
194,199 |
12.5% |
49.0% |
27.7% |
1.8% |
|
Petroamerica Oil Corp |
PTA |
TSXV |
209.4 |
0.24 |
3,319,921 |
-33.3% |
39.9% |
25.9% |
1.5% |
|
Macro Enterprises Inc |
MCR |
TSXV |
92.3 |
3.06 |
113,633 |
-10.8% |
27.1% |
16.3% |
1.7% |
|
High Arctic Energy Services Inc |
HWO |
TSX |
243.7 |
4.37 |
102,541 |
-17.2% |
26.9% |
21.6% |
1.2% |
|
Lynden Energy Corp |
LVL |
TSXV |
109.0 |
0.84 |
232,572 |
-22.2% |
26.8% |
19.3% |
1.4% |
|
Freehold Royalties Ltd |
FRU |
TSX |
1,607.1 |
21.70 |
339,451 |
-11.1% |
23.9% |
14.2% |
1.7% |
|
Raging River Exploration Inc |
RRX |
TSX |
1,487.2 |
8.26 |
1,696,479 |
-23.2% |
23.3% |
17.6% |
1.3% |
|
Pason Systems Inc |
PSI |
TSX |
2,504.6 |
30.29 |
205,197 |
-11.8% |
19.2% |
13.8% |
1.4% |
|
Corridor Resources Inc |
CDH |
TSX |
132.9 |
1.50 |
165,694 |
-16.2% |
17.9% |
17.0% |
1.1% |
|
Bankers Petroleum Ltd |
BNK |
TSX |
1,211.1 |
4.64 |
2,992,802 |
-18.5% |
15.0% |
8.4% |
1.8% |
Source: Bloomberg
TTM: Trailing Twelve Months
ROA: (Net Income to Avg Total Assets)
Financial Leverage: (Avg Total Assets to Avg Shareholders Equity)
ROE = ROA * Financial Leverage
Company Description
Sterling Resources Ltd (TSXV: SLG)
Sterling Resources Ltd. (V.SLG) is an international crude oil and natural gas company that conducts exploration, development, and production activities. The company has interests in both onshore and offshore properties located in the United Kingdom and Romania, and in a license located in France.
Petroamerica Oil Corp (TSXV: PTA)
Petroamerica Oil Corp. (V.PTA) is an oil and gas exploration and production company. The company owns interests in oil and gas assets in Colombia.
Read more about: Petroamerica Oil Corp.
Macro Enterprises Inc (TSXV: MCR)
Macro Enterprises Inc. (V.MCR) , through its subsidiary, provides pipeline and facilities construction and maintenance services to companies in the oil and gas industry in Northeastern British Columbia and Northwestern Alberta.
High Arctic Energy Services Inc (TSX: HWO)
High Arctic Energy Services Inc. (T.HWO) offers oilfield services. The company offers underbalanced drilling and production services, equipment, design and development services, and technical support and training.
Lynden Energy Corp (TSXV: LVL)
Lynden Energy Corporation (V.LVL) explores for oil and natural gas in the United States and Canada.
Freehold Royalties Ltd (TSX: FRU)
Freehold Royalties Ltd. (T.FRU) produces oil, natural gas, natural gas liquids and potash. The company operates in western Canada and Ontario.
Raging River Exploration Inc (TSX: RRX)
Raging River Exploration Inc. (T.RRX) is an oil and gas exploration company. The company is focused on unconventional Viking light oil play of the Dodsland area in western Saskatchewan.
Pason Systems Inc (TSX: PSI)
Pason Systems Inc. (T.PSI) provides rental oilfield instrumentation systems that are designed and manufactured for use on land-based drilling and service rigs. The company offers both wellsite rental services and Internet data management services.
Corridor Resources Inc (TSX: CDH)
Corridor Resources Inc. (T.CDH) explores for and develops oil and natural gas in eastern Canada.
Bankers Petroleum Ltd (TSX: BNK)
Bankers Petroleum Ltd. (T.BNK) is an oil and gas exploration and production company. The company has a working interest in the Patos-Marinza oil field in Albania.
Read more about: Bankers Petroleum Ltd.
