The Canadian oil and gas stocks we’ve identified with market caps under $1B have demonstrated strong price momentum of late
SmallCapPower | July 18, 2019: Today we have drilled down and discovered four Canadian oil and gas stocks that have seen strong stock-price momentum thus far in 2019. We compared both the 30 day and year-to-date returns of oil & gas companies trading in Canada with a market cap under $1B and pinpointed four companies that have impressed us the most.
*Share prices as at close Tuesday, July 16, 2019, data obtained from S&P Capital IQ
Cub Energy Inc. (TSXV:KUB) – $0.09
Oil and Gas Exploration and Production
Cub Energy has 311,000 gross acres in two prospective basins in Ukraine. KUB is focused on growing its acreage position in strategic basins in Ukraine. Cub aims to develop this asset portfolio to take advantage of natural gas prices by applying western equipment and expertise to prospective and underexplored basins. Learn more about Cub Energy here.
- Market Cap: $26.7M
- 30 Day Return: 30.8%
- YTD Return: 240%
- Average 90 Day Trading Volume: 490,000
PetroTal Corp. (TSXV:TAL) – $0.32
Oil and Gas Exploration and Production
Headquartered in Calgary, Alberta, PetroTal is an oil and gas development and production company focused on the development of oil assets in Peru. Its primary property is the Bretana oil field located in the Maranon Basin of northern Peru. Production for Bretana is estimated to exceed 10,000 barrels of oil per day by 2020. Discover more about PetroTal Corp here.
- Market Cap: $211.4M
- 30 Day Return: 18.9%
- YTD Return: 34%
- Average 90 Day Trading Volume: 230,000
Paramount Resources Ltd. (TSX:POU) – $7.20
Oil and Gas Exploration and Production
Paramount Resources is focused on developing its natural gas and oil assets in Alberta, British Columbia, Saskatchewan, and the Northwest Territories. On June 28, Paramount Resources entered into an agreement with CSV Midstream Solutions Corporation for the sale of its Karr 6-18 natural gas facility and related midstream assets for a total transaction value of ~$470M. See the Paramount Resources website for more information.
- Market Cap: $942.6M
- 30 Day Return: 17.1%
- YTD Return: 2.9%
- Average 90 Day Trading Volume: 390,000
Alvopetro Energy Ltd. (TSXV:ALV) – $0.90
Oil and Gas Exploration and Production
Alvopetro Energy is an oil and gas exploration and production company. It is engaged in the exploration, acquisition, development and production of hydrocarbons in the Reconcavo, Tucano, Camamu-Almada and Sergipe-Alagoas basins onshore in Brazil. More details can be found at Alvopetro Energy’s website.
- Market Cap: $90.2M
- 30 Day Return: 15.3%
- YTD Return: 100%
- Average 90 Day Trading Volume: 30,000
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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