10 Canadian Energy Stocks with High Capex & ROE Estimates: Investment Idea of the Day

Published:

Today we
have chosen 10 Canadian energy stocks that have registered high capital
expenditures and decent asset turnover ratios (i.e. efficient use of assets by
management) during their trailing 12-month periods. Moreover, these stocks are expected to report high ROE (>10%) for fiscal year 2014.

Company Name

Ticker

Exchange

Market Cap
(C$ Mn)

Last Price

Average Volume
(1 Month)

Price Change (1-Month)

Trailing Twelve Months Capex (C$ Mn)

Asset Turnover

ROE 2014(E)

Trilogy Energy Corp

TET

TSX

2,671.8

20.41

628,534

-23.5%

377.8

0.32

13.0%

Raging River Exploration Inc

RRX

TSX

1,474.6

8.19

2,029,207

-15.2%

324.1

0.51

25.5%

Gibson Energy Inc

GEI

TSX

3,947.2

31.84

723,148

-13.2%

302.4

2.51

14.6%

Bankers Petroleum Ltd

BNK

TSX

1,185.0

4.54

3,858,809

-16.4%

265.9

0.50

15.9%

Parex Resources Inc

PXT

TSX

1,352.2

10.78

1,115,897

-18.1%

265.3

0.58

15.0%

DeeThree Exploration Ltd

DTX

TSX

626.3

7.05

1,350,485

-25.7%

262.9

0.38

16.9%

Secure Energy Services Inc

SES

TSX

2,511.2

20.78

787,607

-15.3%

238.0

1.94

10.4%

RMP Energy Inc

RMP

TSX

765.5

6.27

1,970,402

-12.9%

208.0

0.38

16.8%

Canacol Energy Ltd

CNE

TSX

426.9

3.96

1,835,058

-36.8%

124.9

0.34

21.3%

Western Energy Services Corp

WRG

TSX

561.5

7.50

412,822

-20.3%

105.7

0.49

11.2%

Source: Bloomberg

Company Description

Trilogy Energy Corp (TSX: TET)
Trilogy Energy Corp. is a petroleum and natural gas-focused Canadian energy corporation. The company acquires, develops, produces and sells natural gas, crude oil and natural gas liquids.

Raging River Exploration Inc (TSX: RRX)
Raging River Exploration Inc. is an oil and gas exploration company. The company is focused on unconventional viking light oil play of the Dodsland area in western Saskatchewan.

Gibson Energy Inc (TSX: GEI)
Gibson Energy Inc. is a North American midstream company. The company operates facilities and infrastructure – injection stations, terminals, pipelines, tank storage and a fleet of truck transportation units. Gibson Energy also provides retail propane service.

Bankers Petroleum Ltd (TSX: BNK)
Bankers Petroleum Ltd. is an oil and gas exploration and production company. The company has a working interest in the Patos-Marinza oil field in Albania.

Parex Resources Inc (TSX: PXT)
Parex Resources Inc. is an oil and gas exploration and production company. The company owns interests in Colombia and Trinidad & Tobago.

DeeThree Exploration Ltd (TSX: DTX)
DeeThree Exploration Ltd. explores for and produces oil and natural gas. The company provides gas transportation through its usage of natural gas production. DeeThree Exploration mines in Canada.

Secure Energy Services Inc (TSX: SES)
Secure Energy Services Inc. is an energy services company that focuses on providing specialized services to upstream oil and natural gas companies operating in the Western Canadian Sedimentary Basin. The company treats and sells crude oil and the handling of by-products associated with oil and natural gas development and production.

RMP Energy Inc (TSX: RMP)
RMP Energy Inc. is an oil and gas exploration and production company. The company explores for and produces oil and natural gas in West Central Alberta and southeastern Saskatchewan.

Canacol Energy Ltd (TSX: CNE)
Canacol Energy Limited is an international junior energy company with production and exploration operations located in South America. The Company’s operations are focused in Colombia, Brazil, and Guyana.

Western Energy Services Corp (TSX: WRG)
Western Energy Services Corp. is an oilfield service company which provides contract drilling services in Canada and the United States. In Canada, Western also provides well servicing and oilfield rental services.


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