4 Energy Juniors Most Leveraged to the Recent Oil Price Surge

OPEC’s latest production cut agreement provided a big boost to the stocks on our list

SmallCapPower | September 30, 2016: With the rise in the oil price brought on by the recent OPEC production cut announcement, the energy juniors with large resource bases on our list today saw their stock prices increase sharply. And with another OPEC meeting in November, depending on the outcome, you may see another share-price jump once it concludes.

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SciVacMEG Energy Corp. (TSE:MEG) – $5.55
Oil & Gas Exploration and Production

MEG Energy Corp. (MEG) is an oil sands company that is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods. The Company has two commercial SAGD projects: the Christina Lake Project and the Surmont Project. MEG also holds interest in the Access Pipeline.

  • Market Cap: $1,256.28 (mm)
  • Net Asset Value: $3,677.87 (mm)
  • 1-Day Price Change: 13.3%
  • YTD Price Change: – 30.8%

SciVacBaytex Energy Corp. (TSE:BTE) – $5.67
Oil & Gas Exploration and Production

Baytex Energy Corp. is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into three business units: Lloydminster, Central and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects.

  • Market Cap: $1,184.22 (mm)
  • Net Asset Value: $2,414.47(mm)
  • 1-Day Price Change: 15.5%
  • YTD Price Change: 25.4%

SciVacPrecision Drilling Corp. (TSE:PD) – $5.30
Oil & Gas Drilling

Precision Drilling Corporation (Precision) provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. It operates through two segments: Contract Drilling Services, and Completion and Production Services. The Company’s operations in its segments are supported by business support systems, which include sales and marketing; procurement and distribution; manufacturing; equipment maintenance and certification, and engineering.

  • Market Cap: $1,552.61 (mm)
  • Net Asset Value: $2,121.21(mm)
  • 1-Day Price Change: 10.9%
  • YTD Price Change: – 3.1%

SciVacNorthern Blizzard Resources Inc. (TSE:NBZ) – $3.68
Oil & Gas Exploration and Production

Northern Blizzard Resources Inc. is a Canada-based crude oil production and development company focused on maximizing oil recovery from its heavy oil resource bases in western Canada. The Company’s properties include Cactus Lake, Winter, Court, Smiley, Coleville, Cuthbert, Thermal, Westhazel, Hearts Hill, Mantario and Senlac. The Company’s operations, infrastructure and concentrated land position are focused in the Kerrobert and Lloydminster areas of Saskatchewan.

  • Market Cap: $435.97 (mm)
  • Net Asset Value: $986.68 (mm)
  • 1-Day Price Change: 7.0%
  • YTD Price Change: – 7.1%