Signs of a Continued Oil Recovery: Ubika Energy 20 Update

The biggest gainer in this edition of the Ubika Energy (UE20) 20 index soared 82%

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The Ubika Energy 20 Index is up 4% since our last report dated August 21, 2017, underperforming our benchmark TSX/S&P Energy Index and the oil price, which increased 9.8% and 8.4%, respectively, over the same period. Notable performers for this report include:

  • Spartan Energy (TSX:SPE), which increased 21% since our last report date following a strong Q2/2017 operational performance and a normal course issuer bid.
  • Pengrowth Energy (TSX:PGF), which increased 82%, driven by investor Seymour Shulich’s purchase of 130mm shares.
  • Painted Pony Energy (TSX:PONY), which decreased 20% following a reduction in the Company’s budget for its planned capacity expansion.

Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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