WTI crude oil prices have taken a hit recently, sliding about 8% in a little more than a week, putting the squeeze on the financials of many oil & gas producers. This includes the companies on our list, which are racking up capital expenditures in excess of revenue generated.
Athabasca Oil Corp. (TSX: ATH) – $1.96
Oil & Gas Exploration and Production
Athabasca Oil Corporation is a Canada-based oil and gas company focused primarily on the exploration for, and sustainable development and production of, bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada, and light oil and liquids-rich natural gas from regions in northwestern Alberta. The Company is engaged in two divisions; Thermal Oil Division and Light Oil Division.
- Market Cap: $797,172,209
- Revenues (LTM): $18,262,000
- Cash and Short Term Investment (LFQ): -$149,453,000
- Total Debt (LFQ): -$131,191,000
Africa Oil Corp. (TSX: AOI) – $2.02
Oil & Gas Exploration and Production
Africa Oil Corp. (AOC) is a Canada-based independent international upstream oil and gas exploration company with interests in Kenya, Ethiopia and Puntland (Somalia). The Company holds interests in over 215,000 square kilometers (gross) of exploration property throughout several African rift basins, focusing primarily on East Africa. The Company’s blocks 10BA, 10BB, 12A, 13T, South Omo, and the Rift Basin Area are located in the East African Tertiary Rift trend, which is an extension of the productive trend established in the Lake Albert area of Uganda where more than 1 billion barrels of recoverable oil has been discovered.
- Market Cap: $871,003,151
- Revenues (LTM): $0
- Cash and Short Term Investment (LFQ): -$77,300,000
- Total Debt (LFQ): -$77,300,000
Advantage Oil and Gas Ltd. (TSX: AAV) – $8.00
Oil & Gas Exploration and Production
Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. It is focused on the 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: $1,371,455,622
- Revenues (LTM): $31,092,000
- Cash and Short Term Investment (LFQ): -$90,700,000
- Total Debt (LFQ): -$59,608,000
Crew Energy Inc. (TSX: CR) – $5.43
Oil & Gas Exploration and Production
Crew Energy Inc. (Crew) is a Canada-based oil and gas exploration, development and production company, which conducts its operations in the Western Canadian Sedimentary basin in the provinces of Alberta, British Columbia and Saskatchewan. Crew’s operations are focused primarily in the Montney area of northeast British Columbia. Its assets include the Montney resource and Lloydminster heavy oil property.
- Market Cap: $781,051,172
- Revenues (LTM): $37,190,000
- Cash and Short Term Investment (LFQ): -$91,350,000
- Total Debt (LFQ): -$54,160,000
Nuvista Energy Ltd. (TSX: NVA) – $6.20
Oil & Gas Exploration and Production/em>
NuVista Energy Ltd. (NuVista) is a Canada-based oil and natural gas company engaged in the exploration, development and production of oil and natural gas reserves in Western Canadian Sedimentary Basin. The Company is focused on the scalable and repeatable condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin. NuVista’s Deep Basin core operating area is located approximately 100 kilometers southeast of Grande Prairie and includes the Kaybob/Fir properties and other minor areas in the Pembina region. NuVista’s Martin Creek, Black and Conroy properties are located approximately 100 kilometers northwest of Fort St. John, British Columbia.
- Market Cap: $985,780,119
- Revenues (LTM): $55,088,000
- Cash and Short Term Investment (LFQ): -$107,916,000
- Total Debt (LFQ): -$52,828,000
