Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
BTE.TOthis companyBaytex Energy Corp.	CA$5.82	-5.69×	1.43×	2.31×	5.04×	-27.7%	21.5%	15.3%	-40.8%	-25.3%	7.5%	7.2%	0.05×	-1.63×	1.04×	3.61×	2.0%	6	1.38	2	C+
BIR.TOBirchcliff Energy Ltd.	CA$6.54	31.13×	0.91×	2.93×	6.73×	57.7%	23.4%	17.1%	9.3%	2.9%	2.7%	4.8%	0.28×	1.57×	2.62×	1.74×	1.6%	6	1.59	4	A-
CEU.TOCES Energy Solutions Corp.	CA$18.93	13.19×	3.36×	1.08×	8.01×	6.6%	23.0%	10.8%	8.2%	25.5%	16.4%	7.4%	0.6×	1.22×	7.67×	2.86×	1.3%	7	5.56	3	B+
EFX.TOEnerflex Ltd.	CA$28.52	39.92×	2.38×	0.99×	6.62×	-126.2%	21.7%	12.1%	2.5%	6.0%	6.7%	9.0%	0.6×	1.2×	3.78×	1.13×	0.7%	7	2.57	2	C+
FRU.TOFreehold Royalties Ltd.	CA$16.42	27.12×	2.49×	7.95×	11.08×	-9.8%	62.9%	53.1%	29.3%	9.2%	9.3%	7.7%	0.29×	1.14×	9.06×	1.41×	7.1%	7	4.36	3	B+
HWX.TOHeadwater Exploration Inc.	CA$11.37	14.64×	2.98×	4.33×	6.48×	-59.6%	47.7%	40.2%	29.8%	20.5%	18.1%	5.0%	0.02×	-0.27×	191.03×	1.23×	4.6%	7	8.4	4	A-
Peer median	—	27.12×	2.49×	2.93×	6.73×	-9.8%	23.4%	17.1%	9.3%	9.2%	9.3%	7.4%	0.29×	1.2×	7.67×	1.41×	1.6%	7	4.36	3	—