The oil and gas industry has seen its fair share of losses as a result of macroeconomic factors affecting oil prices. But with the price of oil up 21% during the past three months, the companies on our list today have powered more than 50% higher.
Sunshine Oilsands Ltd. (TSX: SUO) – $0.13
Oil & Gas Exploration and Production
Sunshine Oilsands Ltd. is a Canada-based holder and developer of oil sands resources. The Company has approximately 3.5 billion barrels of best estimate contingent resources and 444 million barrels of proved plus probable (2P) reserves. It is focused on the development of its significant holdings of oil sands leases in the Athabasca oil sands region. It owns 100% of more than one million acres of oil sands and PN&G leases, equivalent to approximately 7% of the total oil sands leases granted in the Athabasca region.
- Market Cap: $507,126,499
- Revenues (LTM): $0
- Stock Price Change (1 year): +100.0%
- Profit Margin Absolute Change (1 year): 549,000
Powder Mountain Energy Ltd. (TSXV: PDM) – $0.52
Oil & Gas Exploration and Production
Powder Mountain Energy Ltd. is a Canada-based oil and gas company engaged in the evaluation, acquisition, exploration and development of oil and gas properties in Western Canada and the United States. The Company’s properties are located in south-east Saskatchewan, where it holds interests in approximately 29,048 net acres of oil and gas leases, which target the Bakken formation. The Company also holds approximately 17,686 net acres of oil and gas leases in Montana. Powder Mountain owns approximately 7,040 net acres in the Hardy North area of southeast Saskatchewan, with two horizontal Bakken wells.
- Market Cap: $28,036,585
- Revenues (LTM): $1,080,000
- Stock Price Change (1 year): +81.3%
- Profit Margin Absolute Change (1 year): 124,951
Ithaca Energy Inc. (TSX: IAE) – $1.03
Oil & Gas Exploration and Production
Ithaca Energy Inc. is a Canada-based oil and gas operator. The Company is focused on appraisal and development of United Kingdom’s undeveloped discoveries, the exploitation of its UK producing asset portfolio and Norwegian exploration and appraisal business centered. The Company’s operations include: Northern North Sea, consisting of the Don Southwest, West Don and Conrie oil fields; Moray Firth, operates Athena oil field and development of Jacky field and restoration of production from Beatrice Bravo platform; Central North Sea, involved in Cook field and Pierce field area and exports crude oil and gas; Southern North Sea, which produces gas from Topaz gas field and Anglia gas field.
- Market Cap: $342,699,365
- Revenues (LTM): $400,059,916
- Stock Price Change (1 year): +79.3%
- Profit Margin Absolute Change (1 year): 552,995
Pacific Rubiales Energy Corp. (TSX: PRE) – $5.33
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. The Company has also wholly-owned subsidiaries, which include Petrominerales Ltd, which owns light and heavy oil assets in Colombia and oil and gas assets in Peru; PetroMagdalena Energy Corp., which owns light oil assets in Colombia, and C&C Energia Ltd., which owns light oil assets in the Llanos Basin. In addition, the Company has a diversified portfolio of assets beyond Colombia, which includes producing and exploration assets in Peru, Guatemala, Brazil, Guyana, and Papua New Guinea.
- Market Cap: $1,721,297,063
- Revenues (LTM): $5,090,486,631
- Stock Price Change (1 year): +68.3%
- Profit Margin Absolute Change (1 year): 2,067,542
Lynden Energy Corp. (TSXV: LVL) – $0.50
Oil & Gas Exploration and Production
Lynden Energy Corp. is a Canada-based, oil and natural gas company that is engaged in the acquisition, development, and exploration of oil and natural gas properties. Its projects include the Wolfberry project and Mitchell Ranch projects in the Permian Basin, West Texas. The Mitchell Ranch Project consists of a single lease covering approximately 104,000 gross and net acres located in Mitchell county, West Texas. It has 50% working interest in the Mitchell Ranch Project. Lynden has interest in oil and gas leases covering approximately 18,500 gross acres in Glasscock, Howard, Martin, Midland, and Sterling counties with the Wolfberry as the objective. It has a 43.75% working interest in Wolfberry project.
- Market Cap: $69,329,914
- Revenues (LTM): $28,423,592
- Stock Price Change (1 year): +55.9%
- Profit Margin Absolute Change (1 year): 43,229
