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)
HWX.TOthis companyHeadwater 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-
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-
IPO.TOInPlay Oil Corp	CA$17.31	-38.75×	0.82×	1.2×	4.72×	51.4%	12.3%	4.3%	-3.1%	-2.1%	1.0%	-56.6%	0.61×	2.02×	0.55×	1.1×	8.9%	3	0.69	2	C
KEL.TOKelt Exploration Ltd.	CA$9.85	23.97×	1.34×	3.27×	6.12×	-211.7%	15.4%	10.8%	13.5%	5.5%	2.5%	-3.2%	0.16×	0.65×	4.46×	1×	0.0%	7	2.84	2	B-
LTLTC.VLotus Creek Exploration, Inc.	CA$4.19	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
POU.TOParamount Resources Ltd.	CA$31.58	2.7×	1.28×	3.6×	1.44×	-49.7%	16.9%	2.4%	133.4%	47.5%	0.5%	-13.2%	0.01×	-0.37×	3.71×	3.77×	64.6%	5	3.9	3	B
Peer median	—	13.33×	1.1×	3.1×	5.42×	0.9%	16.1%	7.5%	11.4%	4.2%	1.8%	-8.2%	0.22×	1.11×	3.17×	1.42×	5.3%	6	2.22	3	—