Looking at the last month of trading data within the Canadian market, the most traded stocks, with traded values above $10 million, happen to be in the oil & gas sector. This was somewhat expected given the recent boost in the WTI crude price to the US$60 level, and these five TSX-listed stocks stood out the most.
Pacific Rubiales Energy Corp.(TSX: PRE) – $6.29
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. 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: $1,986,770,646
- Average Daily Traded Value (20 days): $37,966,505
- MTD Price PCT Change: 54.2%
- Oil Production Per Day (2014): 154,160
Legacy Oil + Gas Inc.(TSX: LEG) – $2.99
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. Legacy’s key oil and natural gas properties are located within two core geographical areas consisting of the Williston Basin and Turner Valley.
- Market Cap: $597,192,850
- Average Daily Traded Value (20 days): $10,858,921
- MTD Price PCT Change: 3.5%
- Oil Production Per Day (2014): 19,659
TORC Oil & Gas Ltd. (TSX: TOG) – $9.93
Oil & Gas Exploration and Production
TORC Oil and Gas Ltd. is a Canada-based company engaged in the acquisition, exploration, development and production of crude oil and natural gas assets. The Company is also engaged in drilling activities. TORC uses its technical, technological and industry knowledge to evaluate potential hydrocarbon deposits. The Company produces crude oil, natural gas liquids (NGL) and natural gas within Canada and the United States. It also produces petrochemicals in North America and off-shore markets.
- Market Cap: $1,122,198,146
- Average Daily Traded Value – 20 Days (CAD): $10,663,869
- MTD Price PCT Change: -5.4%
- Oil Production Per Day – Mean (FY1): 12,714
Bonavista Energy Corp.(TSX: BNP) – $8.87
Oil & Gas Exploration and Production
Bonavista Energy Corporation (Bonavista) is an oil and natural gas company, which 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 that are operated by Bonavista. The average annual production in West Central Core Area is 46,796 boe per day and the average annual production in Deep Basin Core Area is 17,276 boe per day. Bonavista drilled approximately 130 wells within the Deep Basin and West Central Core Areas.
- Market Cap: $1,931,465,210
- Average Daily Traded Value (20 days): $10,122,737
- MTD Price PCT Change: 6.7%
- Oil Production Per Day (2014): 23,578
Raging River Exploration Inc.(TSX: RRX) – $9.05
Oil & Gas Exploration and Production
Raging River Exploration Inc. is a crude oil and natural gas exploration, development and production company focused in the Kindersley area of Saskatchewan. The Company’s natural gas is sold as spot gas through significant North American natural gas marketers.
- Market Cap: $1,783,400,661
- Average Daily Traded Value (20 days): $9,638,381
- MTD Price PCT Change: -4.2%
- Oil Production Per Day (2014): 13,072
