With the recent upturn in the oil market the Canadian oil & gas stocks on our list may outperform the sector as a whole
SmallCapPower | October 28, 2016: The oil industry, especially in Canada, has been hit hard by a prolonged period of depressed prices that has occurred over the past year. However, with the recent upward drive in the oil price there has been an improvement in investor sentiment. That being said, the Canadian oil & gas stocks on our list today have all posted positive net earnings during their last reported fiscal, when prices and activity were low, and have had positive stock growth so far this year. As positive sentiment returns to the market, these companies should definitely be able to capitalize on increased prices and activity, which could push up their value.
Orca Exploration Group Inc. (CVE:ORC.B) – $4.00
Oil & Gas Exploration and Production
Orca Exploration Group Inc. is a Canada-based company, which is engaged in the hydrocarbon exploration, development and supply of gas in Tanzania, and oil appraisal and gas exploration in Italy. The Company has interests in a Production Sharing Agreement (PSA) with the Tanzania Petroleum Development Corporation (TPDC) and the Government of Tanzania in the United Republic of Tanzania.
- Market Cap: $145.17(mm)
- Total Revenue (FY0, CAD, Millions): $74.85
- Net Income After Taxes (FY0, CAD, Millions): $2.12
- YTD Price PCT Change: 45.5%
Advantage Oil & Gas Ltd. (TSE:AAV) – $7.45
Oil & Gas Exploration and Production
Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The Company is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. It operates in the Montney resource play located in Western Canada.
- Market Cap: $1,746.95(mm)
- Total Revenue (FY0, CAD, Millions): $126.47
- Net Income After Taxes (FY0, CAD, Millions): $21.38
- YTD Price PCT Change: 34.4%
Mullen Group Ltd. (TSE:MTL) – $18.64
Oil Related Services and Equipment
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company provides a range of specialized transportation and related services to the oil and natural gas industry in western Canada. The Company operates in two segments: Trucking/Logistics and Oilfield Services.
- Market Cap: $1,932.12(mm)
- Total Revenue (FY0, CAD, Millions): $1,214.37
- Net Income After Taxes (FY0, CAD, Millions): $13.37
- YTD Price PCT Change: 33.0%
High Arctic Energy Services Inc. (TSE:HWO) – $4.64
Oil Related Services and Equipment
High Arctic Energy Services Inc. is a Canada-based company, which focuses on providing contract drilling, completion services, equipment rental and other oilfield services to the oil and gas industry. The Company operates through providing oilfield services to customers in Canada and Papua New Guinea (PNG) segment.
- Market Cap: $244.13(mm)
- Total Revenue (FY0, CAD, Millions): $209.90
- Net Income After Taxes (FY0, CAD, Millions): $27.10
- YTD Price PCT Change: 33.0%
TerraVest Capital Inc. (TSE:TVK) – $8.01
Oil Related Services and Equipment
TerraVest Capital Inc. is a Canada-based holding company, which manufactures fuel containment and pressure vessels. The Company has three segments: Fuel Containment, Fabrication and the Service. Its Fuel Containment segment consists of Gestion Jerico Inc. (Jerico), which manufactures items, such as bulk propane trucks, propane dispensers, and commercial and residential liquid containment units. Its Fabrication segment consists of RJV Gas Field Services (RJV) and NWP Industries (NWP), which fabricate oil and gas wellhead processing equipment for the oil and natural gas industry in Western Canada. Its Service segment consists of Diamond Energy Services (Diamond), which provides well servicing to the oil and natural gas sector in South‐Western and Central Saskatchewan.
- Market Cap: $146.73(mm)
- Total Revenue (FY0, CAD, Millions): $195.04
- Net Income After Taxes (FY0, CAD, Millions): $15.58
- YTD Price PCT Change: 12.8%
