Friday , 29 September 2023

3 Oil & Gas Exploration and Production Companies Benefiting From the Trump Bump

With President-elect Trump vowing to bring back the Keystone XL pipeline, and  having Rexoil-well-300x225 Tillerson, a long-time supporter of Canadian oil, as his head of foreign policy, those moves could benefit Canadian exports of crude. The 3 energy juniors on our list today are all early producers, or near production, have operations in Western Canada, and could, we think,  get a Trump stock price bump.

The comments above and below are excerpts from an article by SmallCapPower.com which has been edited ([ ]) and abridged (…) to provide a fast & easy read.

1. Blackbird Energy Inc. (CVE:BBI) – $0.60
Oil & Gas Exploration and Production

Blackbird Energy Inc. is a Canada-based energy company that is engaged in the exploration for, and the production of, oil and natural gas. The Company’s operations are located in Western Canada, and is focused on the exploration and development of its interests in Elmworth Montney property, which is located near Grande Prairie, Alberta. In addition to its Elmworth Montney property, the Company holds non-core assets in Saskatchewan and Alberta. The Elmworth Montney property consists of approximately 53,600 net acres of prospective Montney lands.

  • Market Cap: $347.56(mm)
  • Total Revenue (LTM, Default, Millions): $0.03
  • YTD Price PCT Change: 300.0%

2. International Frontier Resources Corp. (CVE:IFR) – $0.26
Oil & Gas Exploration and Production

International Frontier Resources Corporation is a Canada-based company, which is engaged in the exploration for and development of oil and natural gas reserves. The Company acquires, develops, exploits and produces oil and natural gas in Mexico, the Central Mackenzie Valley (CMV), Northwest Territories, Canada, south east Alberta, Canada, and in north-west Montana in the United States. The Company’s activities are conducted in two geographic segments: Canada and Mexico. It operates approximately five producing oil wells and an oil battery located in the Alderson area of southern Alberta.

  • Market Cap: $26.11(mm)
  • Total Revenue (LTM, Default, Millions): $0.31
  • YTD Price PCT Change: 188.9%

3. Front Range Resources Ltd. (CVE:FRK) – $0.83
Oil & Gas Exploration and Production

Front Range Resources Ltd, formerly Stonehaven Exploration Ltd, is an exploration and production company. The Company has petroleum and natural gas (P&NG) interests in Alberta, Canada. The Company holds approximately 20 gross sections (9.1 net sections) of P&NG rights at Bigstone, Fir and Wilson Creek, located in Alberta. The Company has approximately three gross (net 1.25) operated horizontal Montney natural gas wells at Bigstone. The Company has an average non-operated over 30% working interest in approximately 10 gross (net 4.24) natural gas wells at Fir. Stonehaven has over 10 gross (4.1 net) sections of P&NG rights at Fir.

  • Market Cap: $45.52(mm)
  • Total Revenue (LTM, Default, Millions): $1.39
  • YTD Price PCT Change: 67.7%
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