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)
VET.TOthis companyVermilion Energy Inc.	CA$14.58	-2.69×	0.79×	1×	5.51×	84.9%	16.5%	9.5%	-37.0%	-29.4%	3.5%	18.6%	0.59×	2.33×	1.26×	0.84×	5.6%	5	0.48	2	C+
AAV.TOAdvantage Energy Ltd.	CA$10.42	36.69×	1.16×	3.04×	8.66×	45.1%	22.6%	14.9%	8.2%	3.1%	2.2%	-1.7%	0.52×	2.65×	1.59×	0.39×	0.0%	8	1.07	3	B+
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-
CJ.TOCardinal Energy Ltd.	CA$10.97	66.85×	1.67×	3.17×	7.92×	12.4%	27.5%	20.2%	4.7%	2.5%	5.3%	9.2%	0.29×	1.18×	8.41×	0.54×	8.3%	7	3.28	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-
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-
Peer median	—	31.13×	1.34×	3.17×	6.73×	12.4%	23.4%	17.1%	9.3%	3.1%	2.7%	4.8%	0.28×	1.18×	4.46×	1×	1.6%	7	2.84	3	—