Undervalued Oil & Gas Stocks on TSX November 2025

November 16, 2025

November 2025

Industry Group

Oil & Gas

Oil & Gas companies are engaged in the exploration, drilling, production, manufacturing, refining, marketing and transportation of petroleum and natural gas products.

TSX Venture Exchange

The TSX Venture Exchange is a stock exchange headquartered in Calgary, Alberta, Canada. It is an exchange for the securities of early-stage businesses.

Our Valuation

A stock is considered undervalued if it trades at a discount to our valuation. To determine a stock’s intrinsic value, we developed an algorithm that uses 6 valuation models to determine the value of a company.* To learn more about stockcalc’s valuation methods, click here.

Undervalued Oil & Gas stocks

Stocks in this category are traded through the commodity cycles primarily for capital appreciation. Large cap stocks in this space are also held for income.

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Symbol	Name	Close Price ($)	Valuation ($)	Difference (%)	Average Vol (30D)	Market Cap ($M)	P/E Ratio
IFR	Intl Frontier Resources	0.03	0.08	165.28	3996	1	0.0
OYL	CGX Energy	0.08	0.21	158.85	29467	27	0.0
PUL	Pulse Oil	0.01	0.02	138.47	1677	6	0.0
PNN	Pambili Natural Resources	0.03	0.06	109.47	16307	1	0.0
AVN	Avanti Helium	0.09	0.18	97.50	117696	8	0.0
LNGE	LNG Energy Group	0.05	0.10	90.87	52380	8	0.0
RECO	Reconnaissance Energy	0.56	1.01	79.50	115305	143	1.7
MCF	MCF Energy	0.04	0.08	74.54	97566	13	0.0
MAH	Marksmen Energy	0.01	0.01	69.96	-	1	0.0
LCX	Lycos Energy	1.64	2.70	64.46	71599	88	32.8

All data provided as at market close May 29, 2025.

Company Details

Intl Frontier Resources

IFR:TSX-V

Close Price

0.03

Our Valuation

0.08

% Difference

165.28

Market Cap ($M)

P/E Ratio

0.0

International Frontier Resources Corp is engaged in the exploration and development of oil and natural gas reserves. It acquires, develops, exploits, and produces oil and natural gas in Mexico, the Northwest Territories, Canada, Tecolutla Contract Mexico, and in northwest Montana in the United States. It operates in Canada and Mexico's geographical segments. It generates the majority of its revenue from Canada.

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CGX Energy

OYL:TSX-V

Close Price

0.08

Our Valuation

0.21

% Difference

158.85

Market Cap ($M)

P/E Ratio

0.0

CGX Energy Inc. is a Canada-based company engaged in petroleum and natural gas exploration offshore the Cooperative Republic of Guyana, South America (Guyana), and the construction of a deepwater port on the Berbice River in Guyana. It has two reportable operating segments: petroleum and natural gas exploration.

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Pulse Oil

PUL:TSX-V

Close Price

0.01

Our Valuation

0.02

% Difference

138.47

Market Cap ($M)

P/E Ratio

0.0

Pulse Oil Corp is a Canadian oil and gas company that is primarily focused on the implementation of a solvent flood EOR project on two Nisku Pinnacle reefs at its hundred percent owned Bigoray property in west Central Alberta. The project includes two established Nisku pinnacle reef reservoirs that have been producing sweet light crude oil for over forty years.

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Pambili Natural Resources

PNN:TSX-V

Close Price

0.03

Our Valuation

0.06

% Difference

109.47

Market Cap ($M)

P/E Ratio

0.0

Pambili Natural Resources Corp .is a natural resource exploration and development company active in Zimbabwe and in the Canadian province of Alberta.

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Avanti Helium

AVN:TSX-V

Close Price

0.09

Our Valuation

0.18

% Difference

97.50

Market Cap ($M)

P/E Ratio

0.0

Avanti Helium Corp is principally focused on the exploration, development, and production of helium across Western Canada and the United States. Its project include The Greater Knappen.

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LNG Energy Group

LNGE:TSX-V

Close Price

0.05

Our Valuation

0.10

% Difference

90.87

Market Cap ($M)

P/E Ratio

0.0

LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.

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Reconnaissance Energy

RECO:TSX-V

Close Price

0.56

Our Valuation

1.01

% Difference

79.50

Market Cap ($M)

143

P/E Ratio

1.7

Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment.

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MCF Energy

MCF:TSX-V

Close Price

0.04

Our Valuation

0.08

% Difference

74.54

Market Cap ($M)

P/E Ratio

0.0

MCF Energy Ltd is a junior resource company engaged in the identification, exploration, and development, of both proven and unproven reserves via drilling and/or acquisition with a focus on the European oil and gas sector. The company has two projects which are in Australia and Germany.

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Marksmen Energy

MAH:TSX-V

Close Price

0.01

Our Valuation

0.01

% Difference

69.96

Market Cap ($M)

P/E Ratio

0.0

Marksmen Energy Inc is involved in the acquisition, exploration, and development of petroleum and natural gas. Its projects include the Davis Holbrook property, Walker Sheets and Gibson remnant property, and others. The company's revenue is derived entirely from the sale of oil and natural gas. Geographically, it has a business presence in the United States which is its key revenue-generating market, and Canada.

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Lycos Energy

LCX:TSX-V

Close Price

1.64

Our Valuation

2.70

% Difference

64.46

Market Cap ($M)

P/E Ratio

32.8

Lycos Energy Inc is a crude oil and natural gas exploration, development, and production company based in Calgary, Alberta. Its principal oil and natural gas properties are focused in Lloydminster, Saskatchewan, Lloydminster, and the Greater Lloydminster area in Alberta. The Lloydminster Saskatchewan area includes its operations at Forest Bank, Golden Lake, Lashburn, Neilburg, Northminster, Hoosier, and Unwin-Epping and is situated in the Saskatchewan region near the city of Lloydminster.

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