Shares of TORC Oil & Gas Ltd (TSX:TOG) climbed as most oil stocks slipped during the past two months
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The Ubika Energy 20 Index fell 11% since our last report dated October 16, 2017, as it underperformed its benchmarks, WTI oil and the TSX/S&P Energy Index, which returned 10.5% and -2%, respectively, over the same period. Notable performers for this report include:
- TORC Oil & Gas Ltd (TSX:TOG), which increased 12% since our last report date, driven primarily by higher oil prices.
- Cardinal Energy Ltd (TSX:CJ), which returned 6%, also fueled by the rally in oil.
- Granite Oil Corp. (TSX:GXO), which declined 11% following the announcement of a lower 2018 production guidance Y/Y.
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own units in any of the companies mentioned above.
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