TransCanada Corp, the Canadian company behind the proposed Keystone XL pipeline, chose to plead with the U.S. government for a delay, signaling that prolonged uncertainty is preferable to rejection of the $8 billion project. The pipeline would carry heavy crude oil from Alberta to Nebraska and onto Gulf Coast refineries. The WTI crude oil price jumped more than 3% on the day of the announcement, which could, at least in the short term, boost the share prices of the companies on our list today.
Penn West Petroleum Ltd. (TSX: PWT) – $1.99
Oil & Gas Exploration and Production
Penn West Petroleum Ltd. (Penn West) is a Canada-based senior exploration and production company. It operates to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada sedimentary basin directly and through investments in securities of subsidiaries holding such interests. The Company’s portfolio of properties contain long-life, low-decline-rate reserves and include interests in several oil and gas fields. The majority of its proved plus probable reserves are located in Canada in Alberta, British Columbia, Saskatchewan, Manitoba and the Northwest Territories.
- Market Cap: $893,850,430
- Revenues (LTM): $1,593,000,000
- Enterprise Value: $3,010,850,430
- Total Equity (LFQ): $5,308,000,000
Whitecap Resources Inc. (TSX: WCP) – $12.45
Oil & Gas Exploration and Production
Whitecap Resources Inc. is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids in Western Canada. The Company’s activities are concentrated primarily in Northwest Central Alberta and Southwest Saskatchewan.
- Market Cap: $3,511,701,479
- Revenues (LTM): $863,731,000
- Enterprise Value: $4,244,759,479
- Total Equity (LFQ): $3,063,275,000
Looking for more hidden gems? Get your free Ubika Energy 20 Monthly report.
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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Northern Blizzard Resources Inc. (TSX: NBZ) – $5.60
Oil & Gas Exploration and Production
Northern Blizzard Resources Inc. (Northern Blizzard) is a Canada-based crude oil production and development company focused on maximizing oil recovery. Northern Blizzard has a focused and concentrated asset base of approximately 200,000 net acres along the Alberta and Saskatchewan border.
- Market Cap: $579,273,013
- Revenues (LTM): $521,296,000
- Enterprise Value: $928,500,267
- Total Equity (LFQ): $1,057,592,000
Birchcliff Energy Ltd. (TSX: BIR) – $5.86
Oil & Gas Exploration and Production
Birchcliff Energy Ltd. is an intermediate oil and natural gas company engaged in the business of exploring for, developing and producing oil and natural gas resources in the Western Canadian Sedimentary Basin with operations concentrated within its one core area, the Peace River Arch of Alberta.
- Market Cap: $895,070,849
- Revenues (LTM): $362,170,000
- Enterprise Value: $1,494,022,254
- Total Equity (LFQ): $1,101,176,000
Nuvista Energy Ltd. (TSX: NVA) – $5.26
Oil & Gas Exploration and Production
NuVista Energy Ltd. (NuVista) is an oil and natural gas company engaged in the exploration, development and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. NuVista has assets in the Montney formation in the Alberta Deep Basin, in eastern and northwest Alberta, and northeast British Columbia.
- Market Cap: $717,364,945
- Revenues (LTM): $239,221,000
- Enterprise Value: $870,791,945
- Total Equity (LFQ): $770,706,000
