Rational Investing

Exploration and Production - Natural Gas

	Total Market Capitalization of All Firms	$114,640 mm
	Average Market Capitalization	$12,738 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.9
	Standard Deviation of MM Ratio	0.2
	Average Beta	2.0
	Average EV To Revenue	24447.2
	Average EV To EBITDAM	17.8
	Average Price To Free Cash Flow	23.9

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
NVTK.ME	Novatek OAO	1.06	66,270	0.4	99	40	16	1.2	Mar 21
ENOG.L	Energean Oil & Gas Plc	1.04	1,979	219996.0	7.9	40	25	1.9	Dec 20
CLR	Continental Resources Inc.	1.03	13,011	7.2	26.4	18.8	0	3.0	Mar 21
TOU.TO	Tourmaline Oil Corp	1.02	7,958	3.2	24.9	10.0	39	1.8	Mar 21
RRC	Range Resources Corp.	0.95	3,868	3.2	14.7	8.7	24	2.5	Mar 21
COG	Cabot Oil & Gas Corp	0.78	6,754	5.0	16.9	14.0	12	0.3	Mar 21
CNX	CNX Resources Corporation	0.73	3,214	4.2	14.6	9.4	24	1.5	Mar 21
SWN	Southwestern Energy Co	0.60	3,112	2.0	5.4	12.3	33	1.4	Mar 21
APA	Apache Corp	0.59	8,474	3.4	5.4	6.8	24	4.4	Mar 21