Perceived Chinese economic weakness has sent shockwaves across the globe, pushing the Dow 10.3% lower, the S&P 500 off 6.8%, and the TSX down 9.6% Year to Date (YTD). Many investors are worried about how a reduction in demand from China will affect commodity prices, especially oil. With the WTI crude oil price’s plunge below US$40 a barrel recently it might come as a surprise that some Canadian energy stocks have actually outperformed the TSX YTD, including the ones on our list today.
Parex Resources Inc. (TSX: PXT) – $7.79
Oil & Gas Exploration and Production
Parex Resources Inc. (Parex) is a Canadian-based exploration company that is engaged in the exploration, development, production and marketing of oil and natural gas in South America. Parex has operations in Colombia, Trinidad & Tobago and Canada. The Company’s crude oil reserves in Colombia are located in the Llanos basin.
- Market Cap: $1,178,006,527
- YTD Price Change: -2.1%
- Average Daily Traded Volume (3 months): 347,665
- Revenues (LTM): $616,100,000
Parkland Fuel Corp. (TSX: PKI) – $21.23
Oil & Gas Refining and Marketing
Parkland Fuel Corporation is a Canada-based independent marketer and distributor of crude oil, refined fuels and other related products. The Company manages a nationwide network of sales channels for retail, commercial, wholesale and home heating fuel customers. The Parkland Retail Fuels segment operates and services a network of retail service stations that serve motorists in Canada and the United States. The Parkland Commercial Fuels segment delivers bulk fuel, propane, heating oil, lubricants, agricultural inputs, oilfield fluids and other related products and services to commercial, industrial and residential customers across Canada and the northwestern United States.
- Market Cap: $1,909,161,950
- YTD Price Change: -3.7%
- Average Daily Traded Volume (3 months): 162,131
- Revenues (LTM): $6,405,757,000
Raging River Exploration Inc. (TSX: RRX) – $7.13
Oil & Gas Exploration and Production
Raging River Exploration Inc. is a crude oil and natural gas exploration, development and production company focused in the Kindersley area of Saskatchewan. Its natural gas is sold as spot gas through significant North American natural gas marketers.
- Market Cap: $1,426,979,565
- YTD Price Change: -6.5%
- Average Daily Traded Volume (3 months): 635,141
- Revenues (LTM): $267,887,000
Advantage Oil & Gas Ltd. (TSX: AAV) – $6.58
Oil & Gas Exploration and Production
Advantage Oil & Gas Ltd. is a Canada-based 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.
- Market Cap: $1,131,601,342
- YTD Price Change: 14.4%
- Average Daily Traded Volume (3 months): 439,825
- Revenues (LTM): $151,330,000
Total Energy Services Inc. (TSX: TOT) – $13.80
Oil Related Services and Equipment
Total Energy Services Inc. is Canada-based energy service Company. Through its distinct business lines it also provides equipment and expertise for drilling, completion, production, transportation, oil and gas process equipment and natural gas compression needs. The Company operates through four business units namely: Bidell Equipment LP; supplier of reciprocating and rotary screw natural gas compressors from 20 to 8,000 brake horsepower, Chinook Drilling; that supplies contract drilling services throughout the Western Canadian Sedimentary Basin, Spectrum Process Systems; supplies professional drafting and fabrication for a wide range of process and structural equipment and Total Oilfield Rentals LP; engaged in the rental and transportation of drilling, completion and production equipment in the oil and natural gas prone areas of British Columbia, Alberta, South-Eastern Saskatchewan and North Dakota.
- Market Cap: $430,970,826
- YTD Price Change: 4.9%
- Average Daily Traded Volume (3 months): 48,784
- Revenues (LTM): $405,526,000
