Crude oil prices surged to its highest point in 2015 recently on an announcement that U.S. crude production may be peaking. The nation’s oil output declined a week ago for the second time in three weeks, the first time that has happened since January, according to data from the U.S. Energy Information Administration. This climb in oil prices triggered several oil and gas producers to trade higher, with the following five stocks experiencing significant price increases over a recent three day period.
Tethys Petroleum Ltd. (TSX: TPL) – $0.10
Oil & Gas Exploration and Production
Tethys Petroleum Limited is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. The Company has projects in the Republic of Kazakhstan, Republic of Uzbekistan, Republic of Tajikistan and Georgia. All of the Company’s properties are onshore.
- Market Cap: $33,120,547
- Revenues (Last 12 Months): $30,450,212
- Average Production (barrels per day): 9,200
- Price Change (3 days): +53.85%
Legacy Oil + Gas Inc. (TSX: LEG) – $2.55
Oil & Gas Exploration and Production
Legacy Oil + Gas Inc. (Legacy) is a Canada-based Company engaged in the exploration, acquisition, development and production of oil and natural gas reserves. Legacy has properties and operates in the provinces of Alberta, Saskatchewan, Manitoba and British Columbia and in the State of North Dakota. The Company primarily focuses on pursuing profitable per share growth in reserves, production and cash flow, generally in Western Canada and the northern plains of the United States.
- Market Cap: $509,311,628
- Revenues (Last 12 Months): $572,701,000
- Average Production (barrels per day): 74,786
- Price Change (3 days): +25.00%
Pacific Rubiales Energy Corp. (TSX: PRE) – $3.19
Oil & Gas Exploration and Production
Pacific Rubiales Energy Corp. is a Canada-based producer of natural gas and crude oil. The Company owns 100% of Meta Petroleum Corp., which operates the Rubiales, Piriri and Quifa heavy oil fields in the Llanos Basin, and 100% of Pacific Stratus Energy Colombia Corp., which operates the La Creciente natural gas field in the northwestern area of Colombia. The Company also holds a 50% interest in the CPE-6 block, which is part of the same heavy oil belt that includes the Rubiales and Quifa fields.
- Market Cap: $992,349,980
- Revenues (Last 12 Months): $5,493,758,333
- Average Production (barrels per day): 559,328
- Price Change (3 days): +21.29%
Long Run Exploration Ltd. (TSX: LRE) – $0.95
Oil & Gas Exploration and Production
Long Run Exploration Ltd is a Canada-based oil and gas exploration company. Long Run is engaged in the development, acquisition, exploration and production of oil and natural gas in western Canada. The Company is specifically focused on exploitation and strategic acquisitions within the Peace River and Edmonton regions of the Western Canadian Sedimentary Basin.
- Market Cap: $180,908,045
- Revenues (Last 12 Months): $540,620,000
- Average Production (barrels per day): 50,821
- Price Change (3 days): +20.25%
Penn West Petroleum Ltd. (TSX: PWT) – $3.04
Oil & Gas Exploration and Production
Penn West Petroleum Ltd. (Penn West) is a Canada-based exploration and production company. The Company operates a significant portfolio of opportunities with a dominant position in light oil in Canada. The majority of its proved plus probable reserves are located in Canada in Alberta, British Columbia, Saskatchewan, Manitoba and the Northwest Territories. It also has minor proved plus probable reserves interests in the United States in Wyoming.
- Market Cap: $1,502,364,060
- Revenues (Last 12 Months): $2,068,000,000
- Average Production (barrels per day): 238,409
- Price Change (3 days): +18.29%
