Canada’s most conservative province recently elected a left-leaning government and that has some investors on edge. After all, Alberta is the country’s economic engine with its vast oil and gas reserves. The province’s incoming NDP government has pledged to raise corporate taxes as well as royalty rates in the oil patch, which could have the biggest impact on the following eight oil and gas companies.
Nuvista Energy Ltd. (TSX: NVA) – $8.20
Oil & Gas Exploration and Production
NuVista Energy Ltd. (NuVista) is a Canada-based oil and natural gas company engaged in the exploration, development and production of oil and natural gas reserves in Western Canadian Sedimentary Basin. The Company is focused on the scalable and repeatable condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin. It holds rights in approximately 113,000 net acres of land with an approximate working interest of 91%.
- Market Cap: $1,251,237,299
- Revenues: $236,923,000
- Price Change (5 days): -11.26%
Tamarack Valley Energy Ltd. (TSXV: TVE) – $4.00
Oil & Gas Exploration and Production
Tamarack Valley Energy Ltd. (Tamarack) is a Canada-based oil and natural gas exploration and production company engaged in the identification, evaluation and operation of resource plays in the Western Canadian sedimentary basin. The Company’s diversified suite of oil-focused assets to Cardium light oil resource include Lochend, Garrington/Harmattan and the Pembina area, including Buck Lake, Wilson Creek and Alder Flats in Alberta, low cost shallow Viking light oil resource plays in Redwater, Foley Lake and Westlock in Alberta and highly economic heavy oil opportunities southeast of Lloydminster in Saskatchewan.
- Market Cap: $311,197,097
- Revenues: $109,749,400
- Price Change (5 days): -10.91%
Kelt Exploration Ltd. (TSX: KEL) – $8.65
Oil & Gas Exploration and Production
Kelt Exploration Ltd., is a Canada-based oil and gas company focused on exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in three core areas: a natural gas property at Grand Cache, Alberta, a liquids-rich natural gas property at Inga, British Columbia, and an oil prospect at Karr, Alberta.
- Market Cap: $1,368,094,475
- Revenues: $186,258,000
- Price Change (5 days): -10.64%
Bonavista Energy Corp. (TSX: BNP) – $7.51
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: $1,636,528,410
- Revenues: $970,757,000
- Price Change (5 days): -10.27%
Journey Energy Inc. (TSX: JOY) – $4.96
Oil & Gas Exploration and Production
Journey Energy Inc. (Journey) is a Canada-based exploration and development company engaged in the exploration, development, and production of crude oil and natural gas in the Western Canada Sedimentary Basin. The Company focusses on the drilling program for oil and liquids rich formations in the two key areas of Matziwin and Herronton.
- Market Cap: $162,990,970
- Revenues: $172,984,000
- Price Change (5 days): -9.65%
Trilogy Energy Corp. (TSX: TET) – $8.60
Oil & Gas Exploration and Production
Trilogy Energy Corp. (Trilogy) is a petroleum and natural gas-focused Canadian energy corporation that actively acquires, develops, produces and sells natural gas, crude oil and natural gas liquids. Trilogy’s oil and gas properties are mainly located in the Kaybob and Grande Prairie areas of Alberta. Trilogy’s production averaged 34,509 Boe/d (117.0 MMcf/d of natural gas, 10,175 Bbl/d of crude oil and 4,827 Boe/d of natural gas liquids) in 2013.
- Market Cap: $1,124,611,854
- Revenues: $551,186,000
- Price Change (5 days): -8.32%
RMP Energy Inc. (TSX: RMP) – $2.93
Oil & Gas Exploration and Production
RMP Energy Inc. is a Canada-based independent crude oil and natural gas company engaged in the exploration for, development and production of crude oil, natural gas and natural gas liquids (NGLs) reserves primarily in the Western Canadian Sedimentary Basin within the province of Alberta, Canada. Its primary area of operations and focus is located in the Montney light crude oil fairway at Ante Creek, Waskahigan and Grizzly in West Central Alberta, with additional Alberta-based activity in Kaybob, Pine Creek, Gilby, and the Deep Basin area of Ricinus.
- Market Cap: $357,538,635
- Revenues: $213,403,000
- Price Change (5 days): -8.15%
Birchcliff Energy Ltd. (TSX: BIR) – $8.25
Oil & Gas Exploration and Production
Birchcliff Energy Ltd. (Birchcliff) is Canada-based intermediate oil and gas exploration, development and production company based in Calgary, Alberta. The Company is engaged in the business of exploring for, developing and producing oil and natural gas resources in the Western Canadian Sedimentary Basin with operations focused in one core area of Alberta, the Peace River Arch.
- Market Cap: $1,254,256,406
- Revenues: $436,085,000
- Price Change (5 days): -7.51%
