Today we have chosen
14 oil & gas producing companies that have registered significant oil
production growth during their latest reported quarter. The shortlisted stocks
have also recorded strong EBITDA margins during the recent quarter and are
currently trading at relatively low price to cash flow multiples. We note that a majority of these stocks have recorded gains during the past three months with average trading volume in excess of 100,000.
|
Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Average Volume |
Price Change |
EBITDA Margin* |
EV to EBITDAX |
Price to Cash Flow |
Total Production (MMBOE)* |
Total Production Growth* |
|
Memorial Production Partners |
MEMP |
NASDAQ |
1,661.6 |
23.16 |
527,023 |
3.3% |
64.7% |
42.7 |
5.6 |
2.49 |
78.7% |
|
Whitecap Resources Inc |
WCP |
TSX |
4,497.3 |
18.31 |
2,654,243 |
19.3% |
68.1% |
40.9 |
6.4 |
2.78 |
70.7% |
|
Bonanza Creek Energy Inc |
BCEI |
NYSE |
2,482.0 |
60.15 |
778,208 |
10.0% |
65.1% |
30.0 |
6.0 |
2.08 |
69.3% |
|
VAALCO Energy Inc |
EGY |
NYSE |
508.1 |
8.92 |
1,007,848 |
38.5% |
55.8% |
6.6 |
3.3 |
0.49 |
64.6% |
|
Approach Resources Inc |
AREX |
NASDAQ |
668.9 |
16.99 |
861,668 |
-13.4% |
67.0% |
23.9 |
5.3 |
1.28 |
56.7% |
|
Rex Energy Corp |
REXX |
NASDAQ |
812.6 |
15.02 |
915,989 |
-20.4% |
50.0% |
34.5 |
7.1 |
1.95 |
49.7% |
|
Oasis Petroleum Inc |
OAS |
NYSE |
4,881.7 |
48.26 |
1,495,817 |
-4.2% |
69.2% |
30.5 |
6.6 |
3.97 |
44.7% |
|
Traverse Energy Ltd |
TVL |
TSXV |
83.0 |
1.21 |
120,020 |
3.9% |
66.2% |
16.2 |
4.1 |
0.07 |
33.6% |
|
Twin Butte Energy Ltd |
TBE |
TSX |
644.7 |
1.85 |
3,901,168 |
2.2% |
49.4% |
18.6 |
3.4 |
1.92 |
25.3% |
|
Argent Energy Trust |
AET-U |
TSX |
142.6 |
2.29 |
286,120 |
-14.6% |
34.4% |
27.6 |
4.5 |
0.58 |
21.1% |
|
Artek Exploration Ltd |
RTK |
TSX |
226.5 |
2.91 |
659,449 |
-30.4% |
55.2% |
33.0 |
9.3 |
0.37 |
15.1% |
|
Advantage Oil & Gas Ltd |
AAV |
TSX |
1,098.5 |
6.47 |
1,049,491 |
-7.0% |
76.5% |
31.0 |
6.8 |
2.06 |
13.6% |
|
Penn Virginia Corp |
PVA |
NYSE |
1,046.5 |
14.64 |
3,027,466 |
-2.9% |
68.3% |
24.4 |
4.8 |
1.98 |
13.5% |
|
Legacy Oil + Gas Inc |
LEG |
TSX |
1,514.0 |
7.58 |
2,071,400 |
-15.1% |
68.0% |
25.4 |
4.8 |
1.84 |
11.3% |
Source: Bloomberg
Market Cap & Last Price are in their respective currencies
*Latest Reported Quarter
EBITDAX: Earnings Before interest, depreciation, depletion, amortization and exploration expenses
Company Description:
Memorial Production Partners LP (NASDAQ: MEMP)
Memorial Production Partners LP was formed to own and acquire oil and natural gas properties in North America. The company’s properties are located in South and East Texas and consist of mature, legacy onshore oil and natural gas reservoirs.
Whitecap Resources Inc (TSX: WCP)
Whitecap Resources, Inc. explores for oil and natural gas. The company operates in western Canada.
Bonanza Creek Energy Inc (NYSE: BCEI)
Bonanza Creek Energy Inc. is an independent oil and natural gas company. The company is engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas, primarily in southern Arkansas (Mid-Continent region) and the Denver Julesburg (“DJ”) and North Park Basins in Colorado (Rocky Mountain region).
VAALCO Energy Inc (NYSE: EGY)
VAALCO Energy, Inc. acquires, explores, and develops crude oil and natural gas properties. The company owns producing properties and conducts exploration activities in the Philippines and Gabon, and has interest in the Texas Gulf Coast area. VAALCO, through participation in a partnership, has additional international exploration interests in South and North America and Africa.
Approach Resources Inc (NASDAQ: AREX)
Approach Resources Inc explores for and produces natural gas and crude oil.
Rex Energy Corp (NASDAQ: REXX)
Rex Energy Corporation is an independent energy company engaged in the acquisition, production, exploration and development of oil, natural gas and natural gas liquids. The company focuses on oil recovery as well as field services including water sourcing, water disposal, and water transfer capabilities for completion operations.
Oasis Petroleum Inc (NYSE: OAS)
Oasis Petroleum Inc., is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources.
Traverse Energy Ltd (TSXV: TVL)
Traverse Energy Ltd. explores and develops oil and gas properties with property interests primarily in northwestern Alberta, Canada.
Twin Butte Energy Ltd (TSX: TBE)
Twin Butte Energy Ltd. acquires, explores, and develops oil and natural gas properties. The company currently holds interests in properties located in Alberta, Canada.
Argent Energy Trust (TSX: AET-U)
Argent Energy Trust is an unincorporated open-ended limited purpose trust. The Trust is an energy trust created to provide investors with a publicly traded, oil and natural gas focused, distribution-producing investments.
Artek Exploration Ltd (TSX: RTK)
Artek Exploration Ltd. explores for oil and natural gas. The company operates in Alberta and British Columbia in Canada.
Advantage Oil & Gas Ltd (TSX: AAV)
Advantage Oil & Gas Ltd. is an intermediate oil and natural gas corporation with properties located in Western Canada.
Penn Virginia Corp (NYSE: PVA)
Penn Virginia Corporation explores for and produces oil and natural gas. The company also collects royalties and overriding royalty interests on various oil and gas properties, coal mineral rights, and related royalties. Penn explores for crude oil and condensate and natural gas in the Appalachian Basin. The company operates in VA, WV, and KY.
Legacy Oil + Gas Inc (TSX: LEG)
Legacy Oil + Gas Inc. is an intermediate oil and natural gas company. The company’s light assets are focused in the Williston Basin and southwest Alberta. The majority of Legacy’s production is from Turner Valley, the Bakken light oil resource play in southeast Saskatchewan and the Spearfish light oil resource play in Manitoba and North Dakota.
