Orca Exploration, Tamarack Valley Tops the Ubika Energy 20

Patrick Smith | Analyst | Ubika Research | Patrick@UbikaResearch.com | 1 (647) 444-5506
Alp Erdogan | Analyst | Ubika Research | Alp@UbikaResearch.com | 1 (647) 479-5690
William Xiao | Associate | Ubika Research | william.x@gicpartners.com | 1 (647) 828-4632

Oil price is starting to rise again as Iranian sanctions loom

Ubika Energy 20 (May 24, 2018 - July 16, 2018)

UE20: -4.3% (3.6% Y/Y)

TSX Capped Energy: -2.3% (53.1% Y/Y)

Oil (WTI): 1.6% (25.2% Y/Y)

Dollar amounts in CAD unless otherwise stated

Top Volume Gainers (m/m)

The Ubika Energy 20 Index declined 4.3% since our last report dated May 22, 2018, underperforming its benchmarks, WTI crude oil and the TSX/S&P Energy Index, which decreased 2.3% and increased 1.6%, respectively, over the same period. Notable performers for this report include:

  • Corridor Resources Inc. (TSX:CDH), which slid 25% after poor exploration results at its Old Harry property.
  • Orca Exploration Group Inc. (TSXV:ORC.B), which rose 10% following its Q1 earning report.
  • Bonterra Energy Corp. (TSX:BNE), which gained 7% due to strong dividends with a 30% payout ratio.

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