With WTI crude oil prices hovering at multi-year lows it has certainly been a challenging environment for oil and gas producers. Yet despite this, some companies have managed to increase its operating cash flow at a two-year CAGR of more than 100%, which includes the names on our list today.
Cardinal Energy Ltd. (TSX: CJ) – $10.40
Oil & Gas Exploration and Production
Cardinal Energy Ltd. is a junior oil-focused company. Its Bantry project is located near the City of Brooks, Alberta, and produces medium crude oil, natural gas and natural gas liquids. The Company’s Wainwright Assets consist of 73% operated working interest in medium quality crude oil assets located in the Wainwright area of Alberta with 87% of the reserves being proved producing reserves.
- Market Cap: 671,706,522
- Revenues (LTM): $181,375,000
- Operating Cash Flows (2014): $92,163,000
- CAGR in Operating Cash Flows (2 years): 1059.5%
TORC Oil & Gas Ltd. (TSX: TOG) – $6.91
Oil & Gas Exploration and Production
TORC Oil & Gas Ltd. is a Canada-based company. Its principal business activity is the exploration for, and production of, petroleum and natural gas in the Western Canadian sedimentary basin.
- Market Cap: $1,059,406,434
- Revenues (LTM): $253,065,000
- Operating Cash Flows (2014): $198,982,000
- CAGR in Operating Cash Flows (2 years): 383.4%
Pine Cliff Energy Ltd. (TSXV: PNE) – $1.10
Oil & Gas Exploration and Production
Pine Cliff Energy Ltd. (Pine Cliff) is a Canada-based oil and gas exploration and production company engaged in the exploration, development and production of oil and natural gas in the Western Canadian Sedimentary Basin (WCSB). Pine Cliff’s areas of production include Southern Assets, Carrot Creek/Edson and Minor properties. The Company holds an approximately 95% of interest in a package of gas assets in southeast Alberta and minor interests in southwest Saskatchewan (collectively the Southern Assets).
- Market Cap: $256,399,348
- Revenues (LTM): $73,302,000
- Operating Cash Flows (2014): $37,641,000
- CAGR in Operating Cash Flows (2 years): 360.8%
Spartan Energy Corp. (TSX: SPE) – $2.39
Oil & Gas Exploration and Production
Spartan Energy Corp. (Spartan) is a Canada-based oil and gas company. Its principal properties include Southeast Saskatchewan, West Central Saskatchewan, Alberta, Manitoba and North Dakota. The Company has an average 90% working interest in 17,302 acres of mineral rights in Alexander property, which is located northwest of Edmonton.
- Market Cap: $631,815,455
- Revenues (LTM): $164,319,000
- Operating Cash Flows (2014): $76,648,000
- CAGR in Operating Cash Flows (2 years): 312.5%
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The Ubika Energy 20 (UE20) index jumped 5.3% in October, after surging 10% the month before. The TSX Capped Energy Index, however, gained 7.5% during this time while the WTI crude oil price advanced 3.3% to US$46.59/barrel. Mart Resources, Inc. (TSX: MMT) was the top-performing component company this month, powering 55% higher after agreeing to be acquired by Delta Oil Nigeria B.V. for C$0.35 a share.
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Seven Generations Energy Ltd. (TSX: VII) – $14.42
Oil & Gas Exploration and Production
Seven Generations Energy Ltd. is a Canada-based company that focuses on the acquisition, development and value optimization of high-quality tight and shale hydrocarbon plays. The Company operates the Kakwa River Project, which is a natural gas property located in the Kakwa area of northwest Alberta (the Project). The Company’s oil, natural gas liquids (NGLs) and natural gas reserves are located in the Kakwa area.
- Market Cap: $3,502,703,487
- Revenues (LTM): $507,092,000
- Operating Cash Flows (2014): $301,909,000
- CAGR in Operating Cash Flows (2 years): 181.3%
