5 Oil Penny Stocks That Got an Unfair Brexit Beat Down

WTI crude oil price has fallen almost 10% since the Brexit vote went through late last week, bringing down many oil penny stocks that have little to do with the UK, or Europe in general

SmallCapPower | June 29, 2016: Brexit vote results continue to shake global markets, largely due to the uncertainty that has been created. Oil prices have also reflected this negative sentiment of a potential European or even world-wide recession. We believe these fears to be overblown, though, and we could see a quick bounce back in the stock prices of the oil penny stocks on our list today.

Orca Exploration Group Inc. (CVE:ORC.B) – $3.40
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 operates through international exploration, development and production of petroleum and natural gas segment.

• Market Cap: 124,141,617
• Revenues: 79,427,859
• Total Debt: 75,878,340
• EV/EBITDA: 1.94

Madalena Energy Inc. (CVE:MVN) – $0.17
Oil & Gas Exploration and Production

Madalena Energy Inc. is a Canada-based upstream oil and gas company engaged primarily in the exploration and development of oil and gas. The Company’s segments include Canada and Argentina. Its operations are located in Western Canada in the Greater Paddle River area of west-central Alberta, where the Company holds approximately 170 gross sections of land encompassing light oil and liquids-rich gas plays.

• Market Cap: 92,650,161
• Revenues: 104,307,525
• Total Debt: 5,687,950
• EV/EBITDA: 2.14

Gear Energy Ltd. (TSE:GXE) – $0.59
Oil & Gas Exploration and Production

Gear Energy Ltd. is a junior oil and gas company engaged in the exploration for, and the acquisition, development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin, with a focus on heavy oil. The Company’s oil and gas properties are located in Alberta, British Columbia and Saskatchewan.

• Market Cap: 215,285,203.21
• Revenues: 72,678,000
• Total Debt: 64,491,000
• EV/EBITDA: 3.54

RMP Energy Inc. (TSE:RMP) – $1.15
Oil & Gas Exploration and Production

RMP Energy Inc. is a Canada-based independent crude oil and natural gas company engaged in the exploration for, development and production of crude oil, natural gas and natural gas liquids (NGLs) reserves in the Western Canadian Sedimentary Basin within the province of Alberta, Canada. The Company’s areas of operations and focus is located in the Montney light oil fairway at Ante Creek, Waskahigan and Gold Creek in West Central Alberta, with additional Alberta-based operations in Grizzly, Kaybob, Pine Creek, Gilby, the Deep Basin area of Ricinus and its Big Muddy asset base in Southern Saskatchewan.

• Market Cap: 114,570,744.63
• Revenues: 119,732,000
• Total Debt: 103,085,000
• EV/EBITDA: 3.83

Pengrowth Energy Corp. (TSE:PGF) – $2.31
Oil & Gas Exploration and Production

Pengrowth Energy Corporation is engaged in the production, development, exploration and acquisition of oil and natural gas assets. The Company is focused on further developing the Lindbergh Thermal Project, located in East Central Alberta, near Cold Lake. The Company’s principal conventional operations include Greater Olds/Garrington Area, where the Company holds a continuous land base with over 800 gross sections of Cardium-access rights, infrastructure and operatorship.

• Market Cap: 1,226,272,891
• Revenues: 1,046,600,000
• Total Debt: 1,683,500,000
• EV/EBITDA: 5.20

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