OPEC on September 14, 2015, predicted higher demand for crude oil next year. The global energy cartel said it expects demand for its product to average 30.31 million barrels per day (bpd), up 190,000 bpd from last month, despite a weak economic outlook from Latin America and China. OPEC also anticipates oil supply from non-member countries to increase by just 160,000 bpd next year, a sharp slowdown from growth of 880,000 bpd in 2015. Under this scenario, the stocks on our list could benefit greatly.
Enerplus Corp. (TSX: ERF) – $7.23
Oil & Gas Exploration and Production
Enerplus Corporation is a Canada-based energy producer. Its capital program is focused on the development of its crude oil and natural gas core areas of operation, which includes its North Dakota and Montana crude oil assets in the Williston Basin, and its natural gas interests in northeast Pennsylvania. The Company’s properties consist of approximately 42% crude oil and natural gas liquids (NGLs) and 58% natural gas properties.
- Market Cap: $1,504,100,889
- Revenue (LTM, CAD): $1,160,219,000
- Debt (LFQ, CAD): $1,121,682,000
- EBITDA (LTM, CAD): $1,002,000
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Baytex Energy Corp. (TSX: BTE) – $5.76
Oil & Gas Exploration and Production
Baytex Energy Corp. (Baytex), through its subsidiaries, is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (primarily in the provinces of Alberta and Saskatchewan) and in the United States (primarily in the state of Texas). The Company’s crude oil and natural gas operations are organized into three business units: Central; Lloydminster; and United States. Each business unit has a portfolio of mineral leases, operated and non-operated properties and development prospects.
- Market Cap: $1,257,742,417
- Revenue (LTM, CAD): $1,351,300,000
- Debt (LFQ, CAD): $1,660,704,000
- EBITDA (LTM, CAD): $274,000
Eclipse Resources Corp. (NYSE: ECR) – $3.02
Oil & Gas Exploration and Production
Eclipse Resources Corporation (Eclipse) is an independent exploration and production company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. It has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. Approximately 100,700 of its net acres are located in the Utica Shale fairway, which it refers to as the Utica Core Area, and approximately 27,250 of these net acres are also prospective for the area of the Marcellus Shale in Eastern Ohio within what it refers to as its Marcellus Project Area.
- Market Cap: $891,681,615
- Revenue (LTM, CAD): $247,074,670
- Debt (LFQ, CAD): $537,106,755
- EBITDA (LTM, CAD): $321,795,640
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Halcon Resources Corp. (NYSE: HK) – $0.90
Oil & Gas Exploration and Production
Halcon Resources Corporation is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The company’s estimated total proved oil and natural gas reserves were approximately 189.1 million barrels of oil equivalent (MMBoe), consisting of 155.6 MMBoe of oil, 16.3 MMBbls of natural gas liquids, and 103.7 billion cubic feet (Bcf) of natural gas as of December 31, 2014.
- Market Cap: $759,385,977
- Revenue (LTM, CAD): $1,004,025,429
- Debt (LFQ, CAD): $4,559,995,688
- EBITDA (LTM, CAD): $12,457,274
Bonavista Energy Corp. (TSX: BNP) – $3.48
Oil & Gas Exploration and Production
Bonavista Energy Corporation (Bonavista) is an oil and natural gas company that acquires, develops and holds interests in oil and natural gas properties and assets in Western Canada. Its West Central Core Area is characterized by liquids-rich natural gas and light oil resources. It includes infrastructure of over 2,800 kilometers of pipelines and 38 facilities, which are operated by Bonavista.
- Market Cap: $729,133,011
- Revenue (LTM, CAD): $731,597,000
- Debt (LFQ, CAD): $1,196,803,000
- EBITDA (LTM, CAD): $92,860,000
