Added to YB: 2026-03-26
Pitch date: 2026-03-24
ROK.V [bullish]
ROK Resources Inc.
-1.96%
current return
Author Info
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Company Info
ROK Resources Inc. operates as an independent oil and gas company in Canada. The company primarily engages in the exploration, development, and production of oil and natural gas in Southeast Saskatchewan and Central Alberta.
Market Cap
CAD 54.4M
Pitch Price
CAD 0.26
Price Target
1.03 (+312%)
Dividend
N/A
EV/EBITDA
1.96
P/E
-9.77
EV/Sales
0.64
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
ROK.V: A busted-deal junior with lots of barrels at a cheap price
ROK.V: Busted take-private at C$0.276 ($56 WTI); now C$0.255 despite zero debt, C$5M cash, disputed C$3M deposit, C$10M EMP stake. WTI ~$98 vs mgmt's $65-75 cases & reserve deck's $71-74; fully de-hedged. Trades 0.9x EV/fwd FFO (~C$54M at spot), 46% 1P NAV, 25% 2P NAV. 3,700-3,900 boe/d, 110 drilling locs, strong half-cycle economics. Bear C$0.20, base C$0.45, bull C$0.72 (vs old 1P C$0.56, 2P C$1.03).
Read full article (7 min)