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Bengal Energy (BNG) AI Stock Analysis

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TSE:BNG

Bengal Energy

(TSX:BNG)

Select Model
Rating:50Neutral
Price Target:CAD 0.04â–²(0.00% Upside)
Action:reiterated
Date:10/31/26

The score is constrained primarily by continued losses and negative cash flow, despite a healthy balance sheet and constructive technical momentum. The negative P/E and absence of dividend support further weaken the investment profile.

Positive Factors
Low leverageVery low leverage gives Bengal Energy greater financial flexibility than a highly indebted producer. A modest debt burden can reduce interest pressure, preserve borrowing capacity, and provide more room to fund field activity or withstand operating volatility.
Negative Factors
Persistent lossesOngoing operating and net losses show that gross profit is not currently sufficient to cover overhead, depreciation, and other costs. This weak earnings base limits internally funded growth, reduces returns on capital, and leaves profitability highly dependent on operational improvement.

Bengal Energy (BNG) vs. iShares MSCI Canada ETF (EWC)

-100%0%100%200%300%400%500%TSE:BNG+250.00%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 18.51M
Dividend Yield
―
Average Volume (3M)
84.81K
Price to Earnings (P/E)
-6.5
Beta (1Y)
-1.45
Revenue Growth
7.00%
EPS Growth
27.59%
Country
Canada
Employees
10
Sector
Energy
Sector Strength
65
Industry
Oil & Gas Exploration & Production

Bengal Energy Business Overview & Revenue Model

Company Description

Bengal Energy Ltd. is an oil and natural gas company primarily engaged in the discovery, development, and production of hydrocarbon resources across Australia. Its principal holdings comprise interests in the PL 303 Cuisinier, ATP 934 Barrolka, and A...

How the Company Makes Money

Bengal Energy makes money primarily by producing and selling crude oil, condensate, and/or natural gas from its petroleum interests. Revenue is generated from its share of production volumes sold to buyers (typically priced using market-linked benchm...

Bengal Energy Financial Statement Overview

Summary

The balance sheet is relatively strong with low leverage, but weak profitability and negative operating and free cash flow materially reduce the financial score.

Income Statement

28Negative

Balance Sheet

78Positive

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMMar 2026Jun 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue4.66M4.27M5.12M6.48M8.15M7.65M
Gross Profit2.00M1.22M1.29M3.38M6.48M6.12M
EBITDA166.00K-2.17M-3.03M-12.69M1.96M707.00K
Net Income-3.05M-3.07M-4.18M-12.73M703.00K-374.00K
Balance Sheet
Total Assets31.25M29.19M30.64M34.36M49.70M48.58M
Cash, Cash Equivalents and Short-Term Investments1.33M308.00K708.00K692.00K795.00K5.41M
Total Debt1.70M1.70M1.70M032.00K68.00K
Total Liabilities6.80M6.60M6.60M6.66M8.16M6.66M
Stockholders Equity24.45M22.59M24.04M27.71M41.53M41.92M
Cash Flow
Free Cash Flow-1.26M-486.00K-448.00K-747.00K-3.38M-2.26M
Operating Cash Flow-1.19M-417.00K-392.00K-273.00K2.11M835.00K
Investing Cash Flow55.00K-9,000265.00K228.00K-6.71M-4.06M
Financing Cash Flow1.52M-2,000139.00K-32.00K-40.00K4.12M

Bengal Energy Technical Analysis

Technical Analysis SentimentPositive
Last Price0.04

Price Trends

50DMA0.02Positive
100DMA0.02Positive
200DMA0.03Positive

Market Momentum

MACD0.00Negative
RSI65.90Neutral
STOCH100.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BNG, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of 0.00 indicates Negative momentum. The RSI at 65.90 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BNG.

Bengal Energy Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

TSE:BNG against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
TSE:CECTSE:CEC56NeutralCAD 47.16M2.73173.63%―――
TSE:BNGTSE:BNG50NeutralCAD 18.51M-6.48-13.00%―7.00%27.59%
TSE:PULTSE:PUL47NeutralCAD 6.23M-4.43-6.68%―-36.33%49.28%
TSE:VUXTSE:VUX45NeutralCAD 9.51M-1.01-89.22%―-24.15%-384.74%
TSE:BDRTSE:BDR44NeutralCAD 9.05M-1.432520.07%――-669.60%

* Energy Sector Average

Performance Comparison

0%200%400%TSE:BNGTSE:BDRTSE:CECTSE:VUXTSE:SC.HTSE:PULDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:BNG and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:BNGBengal Energy0.040.03250.00%
TSE:BDRBird River Resources0.140.0217.39%
TSE:CECPan Orient Energy0.410.29245.83%
TSE:VUXVital Energy0.12-0.02-13.53%
TSE:SC.HSerrano Resources 0.09-0.03-25.00%
TSE:PULPulse Oil Corp.0.01-0.01-50.00%

Bengal Energy Corporate Events

Business Operations and StrategyFinancial Disclosures

Bengal Energy Crude Fetches US$25-a-Barrel Premium Over Brent in Fiscal 2027

Positive
Oct 16, 2026

Bengal Energy has reported that crude oil sold under its third-party marketing agreements in fiscal 2027 to date has achieved a significant premium over Europe Brent prices. For cargoes with bills of lading from May to September 2026, the company rea...

Business Operations and StrategyExecutive/Board ChangesShareholder Meetings

Bengal Energy Shareholders Re-Elect Full Board Slate at AGM

Positive
Sep 18, 2026

Bengal Energy Ltd. has confirmed that all five management-nominated directors were elected to its board at the company’s annual general meeting held in Calgary on September 17, 2026. The director slate, led by President and CEO Chayan Chakrabar...

Business Operations and StrategyFinancial Disclosures

Bengal Energy lifts revenue on higher prices despite flat losses in Q1 fiscal 2027

Neutral
Aug 7, 2026

Bengal Energy reported first-quarter fiscal 2027 crude oil sales of $1.4 million, up 30% year on year, driven by higher realized prices averaging US$124.26 per barrel, even as production declined 10% to 108 barrels per day. Funds from operations rose...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 31, 2026