Shares of Orca Exploration Group Inc. (TSXV:ORC.B) jumped 45% during the past five weeks as oil prices have been quickly recovering
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The Ubika Energy 20 Index rose 6.5% since our last report dated December 18, 2017, but underperformed its benchmarks, WTI oil and the TSX/S&P Energy Index, which returned 15.7% and 7.1%, respectively, over the same period. Notable performers for this report include:
- Orca Exploration Group Inc. (TSXV:ORC.B), which climbed 45% due to rising oil prices and the announcement of a $130M investment from Swala Oil and Gas.
- Tamarack Valley Energy Ltd. (TSX:TVE), which increased 15% driven by gains in the oil price.
- BlackPearl Resources Inc. (TSX:PXX), which rose 27% driven by an exceeded 2017 production guidance and the rising oil price.
Disclosure: Neither the author nor his/her family own shares in any of the companies mentioned above.
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