Stephane Foucaud Head of research at Auctus Advisors presents his research note on Calima Energy Ltd (ASX:CE1) which he says is 'one of the cheapest Canada-focused oil and gas names'. Calima recently resumed trading on the ASX as a conventional oil and gas producer focused on generating free cash flow from the development of assets in western Canada. Foucaud says Calima has taken advantage of the troubled Canadian oil sector to acquire the highly indebted Blackspur Oil at a very favourable price, with a prudently levered balance sheet and no exploration risk.
Calima Energy 'one of cheapest Canada-focused oil and gas names'
