Delphi Energy Corp. (TSX: DEE) Jumps 45%, Tops the Ubika Energy 20

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About 90% of Ubika Energy 20 component companies were up over the period

Ubika Gold 20 IndIt’s been a period of strong upward movement for the Ubika Energy 20 (UE20) Index, climbing 7.9% and surpassing the rise in the oil price, which is only up 6.7%, and just slightly edging out the TSX Capped Energy Index, which gained 7.8%. Just two of our 20 component companies had negative returns since our last report. Delphi Energy Corp. (TSX:DEE) was the top performing component company during the past six weeks, surging 45% after the natural gas producer entered into a Letter of Intent with an industry partner, which is expected to accelerate the development of its Deep Basin natural gas play at Bigstone in Alberta.

Interested in previous Energy 20 reports? Here’s the link >>