A two-month low for oil has dampened the demand for some small cap oil stocks
SmallCapPower | July 28, 2016: Following a period of big gains, the crude oil price has headed back to sub-$45 levels. This could put added pressure on the small cap oil stocks on our list, which have elevated debt levels and extreme working capital deficits.
Penn West Petroleum Ltd. (TSE:PWT) – $1.80
Oil & Gas Exploration and Production
Penn West Petroleum Ltd. (Penn West) is an exploration and production company that operates in the segment of exploring for, developing and holding interests in oil and natural gas properties, and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. Based in Calgary, Alberta, Penn West operates a portfolio of opportunities with a position in light oil in Canada on a land base encompassing approximately four million acres.
- Market Cap: 903,893,378
- Revenues: 969,000,000
- Operating Income: -3,187,000,000
- Working Capital: -106,000,000
Baytex Energy Corp. (TSE:BTE) – $6.87
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: 1,447,610,484
- Revenues: 778,368,000
- Operating Income: -1,335,361,000
- Working Capital: -71,413,000
Yangarra Resources Ltd. (TSE:YGR) – $1.09
Oil & Gas Exploration and Production
Yangarra Resources Ltd. is an exploration focused oil and natural gas company engaged in production, exploration and development of resource properties in the Central Alberta, Medicine Hat and Jaslan areas of Alberta. It produces oil and gas assets of approximately 2,390 barrel of oil equivalent per day (boe/d) of oil, natural gas and natural gas liquids (NGLs).
- Market Cap: 215,285,203.21
- Revenues: 23,244,560
- Operating Income: 6,452,250
- Working Capital: -60,242,080
Rock Energy Inc. (TSE:RE) – $0.86
Oil & Gas Exploration and Production
Rock Energy Inc. is a Canada-based energy company engaged in the exploration for and development and production of crude oil and natural gas in Western Canada. The Company’s principal producing properties are located in its southwest Saskatchewan area, which consists of Mantario or Laporte and Onward areas.
- Market Cap: 114,570,744.63
- Revenues: 45,633,000
- Operating Income: -8,522,000
- Working Capital: -57,642,000
TORC Oil & Gas Ltd. (TSE:TOG) – $7.79
Oil & Gas Exploration and Production
TORC Oil & Gas Ltd. is a Canada-based company. Its principal business activity is the exploration for and production of petroleum and natural gas in the Western Canadian sedimentary basin. The Company’s principal properties include West Central Alberta Cardium, Monarch, and Southeast Saskatchewan and Manitoba.
- Market Cap: 1,270,657,951
- Revenues: 219,146,000
- Operating Income: -243,185,000
- Working Capital: -54,559,000
DISCLAIMER The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
