Reconnaissance Energy Africa (TSXV:RECO) GF Value Rank : 0 (As of Dec. 12, 2024)

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What is Reconnaissance Energy Africa GF Value Rank?

Reconnaissance Energy Africa has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Reconnaissance Energy Africa GF Value Rank Related Terms

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Reconnaissance Energy Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reconnaissance Energy Africa Ltd (TSXV:RECO) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

RECAF:USA 0XD:Germany

Address

Bentall, PO Box 48326, Vancouver, BC, CAN, V7X 1A1

Website

https://www.reconafrica.com

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. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer. The corporate segment majorly aggregates costs incurred at the Company's head office in Vancouver and the operations office in Calgary.

Executives

Grayson Martin Andersen	Senior Officer
Gordon Keep	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Craig Allan Steinke	10% Security Holder
Nicholas Steinsberger	Senior Officer
James Wilton Granath	Director
William Scot Evans	Senior Officer
Ian William Telfer	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Carlos Escribano	Senior Officer
Anna Maria Tudela	Senior Officer
Shiraz Dhanani	Director
David Brian Elliott	10% Security Holder
Chester (chet) Idziszek	Director

Reconnaissance Energy Africa Headlines

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