The Organization of Petroleum Exporting Countries (OPEC) had a meeting this week in Vienna to discuss the planned output of crude oil. Although the price has moved up from its sub-$50/bbl lows, OPEC’s decision was to keep supply in tack and ultimately leave it unchanged until 2015 year end. The impact on oil and gas producers is quite simple – the product’s price drops, the company’s future cash flows become less valuable, and the stock price likely follows. The companies on our list today have yet to experience a slide in its share price since the OPEC meeting, bucking the trend of the 80% that have.
Marquee Energy Ltd. (TSXV: MQL) – $0.87
Oil & Gas Exploration and Production
Marquee Energy Ltd. (Marquee), formerly Marquee Petroleum Ltd., is a junior oil and gas company engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves in Western Canada. The Company is focused on the Cardium play of West Central Alberta in the Wilesden Green, Carrot Creek and South Pembina areas. The Company owned a total of approximately 174,420 gross acres (147,875 net acres) of oil and natural gas leases.
- Market Cap: $104,469,106
- Revenue (LTM): $76,999,130
- Total Debt: $58,765,000
- Price Change (5 days): +6.1%
Traverse Energy Ltd. (TSXV: TVL) – $0.58
Oil & Gas Exploration and Production
Traverse Energy Ltd. (Traverse) is engaged in the exploration, development and production of petroleum and natural gas in Alberta, Canada. Traverse Energy’s current production consists of natural gas, oil and associated liquids. The Company’s properties include East Central Alberta Area, Coyote Area, Michichi Area, Hanna Area, Turin Area and Brazeau Area. The Company drilled 4 development wells, targeting Ellerslie oil, at its Coyote property in East Central Alberta. At Michichi the Company drilled its first oil well. The average production was 775 BOE/day (54% oil and NGLs). The Company owned 183,800 gross (180,600 net) acres with an average working interest of 98%. Traverse drilled 9 wells resulting in 7 oil wells and 2 gas wells.
- Market Cap: $40,066,385
- Revenue (LTM): $16,333,580
- Total Debt: $1,439,820
- Price Change (5 days): +3.6%
Granite Oil Corp. (TSX: GXO) – $7.05
Oil & Gas Exploration and Production
Granite Oil Corp., formerly DeeThree Exploration Ltd, is a Canada-based oil company focused on the exploration and development of the Alberta Bakken enhanced oil recovery (EOR) project located in the Ferguson area of southern Alberta. The Company’s Upper Bakken area overlies both of the Alberta Bakken’s shale intervals.
- Market Cap: $216,751,503
- Revenue (LTM): $221,008,000
- Total Debt: $139,234,000
- Price Change (5 days): +2.6%
Advantage Oil and Gas Ltd. (TSX: AAV) – $7.60
Oil & Gas Exploration and Production
Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company focused on development and growth of its Montney natural gas resource play at Glacier, Alberta. Its production at Glacier is 135 millions of cubic feet equivalent per day. The Glacier property consists of 82 gross (76 net) sections of land with Doig/Montney interests. It has drilled and completed approximately 137 gross (127.5 net) horizontal wells at the Glacier property in either the Triassic Montney or Doig formation siltstones. It drilled approximately 38 gross (38 net) horizontal wells in the Montney and Lower Doig formations and owns and operates a 100% working interest gas plant located at 5-02-76-12W6.
- Market Cap: $1,294,415,576
- Revenue (LTM): $180,604,000
- Total Debt: $195,911,000
- Price Change (5 days): +1.1%
