The Canadian stock markets now represent excellent value for investors. As highlighted by Tim Shufelt in the Globe & Mail recently, there are plenty of high yielding dividend stocks trading at bargain basement prices.
Our own screens have thrown up some interesting opportunities. There is a clutch of decent mining stocks which are trading well down on their 12 month peaks, plus the energy sector is looking very attractive in Canada as we move into the winter months in the northern hemisphere.
#1. Lucero Energy Corp
If you are interested in North American oil plays, Lucero [CVE:LOU] still looks like good value. The pure-play North Dakota Bakken / Three Forks energy producer targets high netback light oil. The share price has been on a great run since the company put out solid results in early August. Stock is up from 43 cents to test the 70 cent levels in just six months. The stock is no doubt being assisted by rising oil prices and a hyper hot natural gas market. But our screens say it still looks excellent value for money. The PE ratio is still a mere 6.2.
#2. GameSquare Holdings
E-sports punt GameSquare Holdings [CVE:GAME} has seen heavy and sustained selling in the last six months. It's not a pretty picture for a gaming company that once traded at over 11 bucks Canadian, and CEO Justin Kenna may have cause to be very upset with a stock price now at $2.80. It does, however, put the stock in value territory. Cash flow and income numbers are hurting GameSquare, but its fundamentals still stack up well against competitors in the space. This is a small cap play though with a market cap of only $27m, so not one for the risk averse trader by any means.
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