Here are 10 energy stocks that are deemed as undervalued by the investment community for 2020. The company has a market cap of around $61 billion and long-term debt approaching $25 billion. Oil and gas stocks track crude oil prices to a large degree. SmallCapPower | August 21, 2018: Today we have identified four Canadian oil and gas stocks with significantly high NAV that may currently be undervalued. 24/7 Wall St. 7 Greatly Undervalued … SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Investors need to remember that while there is ample supply of light crude grades globally, primarily from the U.S., most of the global sources of heavy crude are either in decline, or in the case of OPEC, have minimal spare capacity before even including the production cuts. Will coronavirus prevention practices lessen spread of flu this winter? Then the company made a few missteps. This data is again as of August 1st: Much of the weakness in Canadian stocks has to do with concerns over pipeline takeaway capacity, and the effect this will have on realized prices of Canadian heavy oil production (Western Canadian Select) that already receives a quality discount to WTI. Privacy Notice and A total of 14 hedge funds held long positions in SunPower at the end of the third quarter, a sequential jump of 40%. Prices for lithium carbonate are down from their levels of a year ago, and the worse news is that supply currently outstrips demand even as electric vehicle sales pick up and demand for utility-scale battery storage increases sharply. The Canadian Association of Petroleum Producers sees Western Canadian oil production growing from 3.9 million bpd in 2016 to 4.6 million bpd in 2020, or 700k bpd. In its latest Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) actually expects prices for West Texas Intermediate (WTI) to drop from an average of $56.74 a barrel this year to $55.01 next year. Over the past 12 months, the shares are down 14%. In the Oil & Gas industry, NAV can be used to analyze a company’s future cash flows, individual business segments, and working cost of capital. The Company operates ~1600 sections over four areas and is producing 30,000 boe/d. Intraday data delayed at least 15 minutes or per exchange requirements. Think of it this way: energy stocks, particularly those weighted heavily toward oil, may have been oversold, leaving plenty of headroom for growth in 2020.