OPEC surprised the market with 90% output compliance in January and similar compliance results are expected in February as the United Arab Emirates and Iraq also catch up with their targets. That being the case, we have identified 5 oil juniors who would benefit most from a continued rise in prices.
The comments above & below are edited ([ ]) and abridged (…) excerpts from the original articleby SmallCapPower.com
1. NuVista Energy Ltd. (TSX: NVA) – $5.99 Canadian Oil & Gas Exploration and Production
NuVista Energy Ltd. (NuVista) is an exploration and production company engaged in exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The Company’s products include natural gas, and condensate and oil.
Market Cap: $1,035 million CAD
EBITDA (LTM, CAD): $93,355,000
Revenue (LTM, CAD): $236,157,000
Total Debt (FQ0, CAD): $146,286,000
2. Cardinal Energy Ltd. (TSX: CJ) – $8.28 Canadian Oil & Gas Exploration and Production
Cardinal Energy Ltd. is a Canada-based oil-focused company engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.
Market Cap: $613 million CAD
EBITDA (LTM, CAD): $16,436,000
Revenue (LTM, CAD): $158,047,000
Total Debt (FQ0, CAD): $69,233,000
3. TransGlobe Energy Corp. (TSX: TGL) – $2.17 Canadian Oil & Gas Exploration and Production
TransGlobe Energy Corporation is an oil exploration and production company with activities concentrated in the Arab Republic of Egypt (Egypt).
Market Cap: $157 million CAD
EBITDA (LTM, CAD): $5,713,975
Revenue (LTM, CAD): $81,908,265
Total Debt (FQ0, CAD): $26,330,137
4. Spartan Energy Corp. (TSX: SPE) – $2.83 Canadian Oil & Gas Exploration and Production
Spartan Energy Corp., formerly Alexander Energy Ltd., is a Canada-based oil and natural gas exploration and production company with producing properties focused in Saskatchewan.
Market Cap: $1,488 million CAD
EBITDA (LTM, CAD)): $50,147,000
Revenue (LTM, CAD): $129,144,000
Total Debt (FQ0, CAD): $80,589,000
5. Sterling Resources Ltd. (TSXV: SLG) – $0.54 Canadian Oil & Gas Exploration and Production
Sterling Resources Ltd. is a Canada-based energy company engaged in the acquisition of petroleum and natural gas rights, and the exploration for, and the development and production of, crude oil and natural gas.
The Company’s geographical segments include Canada, United Kingdom and Other International (France and the Netherlands.).
Market Cap: $79 million CAD
EBITDA (LTM, CAD): $18,933,183
Revenue (LTM, CAD): $64,909,902
Total Debt (FQ0, CAD): $53,638,235
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January and similar compliance results are expected in February as the United Arab Emirates and Iraq also catch up with their targets. That being the case, we have identified 5 oil juniors who would benefit most from a continued rise in prices.
2. Cardinal Energy Ltd. (TSX: CJ) – $8.28 Canadian
3. TransGlobe Energy Corp. (TSX: TGL) – $2.17 Canadian
4. Spartan Energy Corp. (TSX: SPE) – $2.83 Canadian
5. Sterling Resources Ltd. (TSXV: SLG) – $0.54 Canadian