Added to YB: 2026-03-26
Pitch date: 2026-03-24
ROK.V [bullish]
ROK Resources Inc.
+33.33%
current return
Author Info
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Company Info
ROK Resources Inc. engages in oil and gas exploration and development in Canada. Its oil and gas assets are located in Southeast Saskatchewan and Kaybob Alberta.
Market Cap
CAD 77.7M
Pitch Price
CAD 0.26
Price Target
1.03 (+203%)
Dividend
N/A
EV/EBITDA
3.56
P/E
-7.06
EV/Sales
0.89
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)