Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
Storm Resources Ltd. operates as a crude oil and natural gas exploration and development company in Canada. The company primarily owns interests in lands covering an area of 120,000 net acres located in Umbach, Nig Creek, and Fireweed areas of Northeast British Columbia. As of December 31, 2020, it had 49,134 thousand barrels of oil equivalent of total proved plus probable reserves. Storm Resources Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada. As of December 17, 2021, Storm Resources Ltd. operates as a subsidiary of Canadian Natural Resources Limited.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. Specifically, the stock is undervalued on EV/EBITDA.