Today we have highlighted 10 Canadian oil and gas stocks trading below C$10, which have outperformed the oil prices rise in the last week touching their new intraday 52-week highs. These stocks rallied last week amid unfolding conflict in Iraq that pushed up energy prices. Moreover, these stocks have registered significant increase in daily average trading volumes during the past five days compared with past one month daily average trading volumes, indicating a strong market interest. The shortlisted stocks recorded price gains ranging from 5% to 48% with daily average traded volume in excess of 100,000.
Source: Bloomberg
*Volume Comparison: 5-Day average volume over 30-Day average volume
Company Description
Traverse Energy Ltd (TO:TVL)
Traverse Energy Ltd. explores and develops oil and gas properties with property interests primarily in northwestern Alberta, Canada.
Crocotta Energy Inc. (TO:CTA)
Crocotta Energy Inc. is an oil and gas exploration and production company. The company currently operates in Western Canada.
Bankers Petroleum Ltd. (TO:BNK)
Bankers Petroleum Ltd. is an oil and gas exploration and production company. The company has a working interest in the Patos-Marinza oil field in Albania.
Surge Energy Inc. (TO:SGY)
Surge Energy, Inc. explores for oil and natural gas. The company operates in Alberta and Manitoba in Canada.
Suroco Energy Inc. (TO:SRN)
Suroco Energy, Inc. is a Colombia focused, international oil and gas exploration company. The company holds interests in Colombia and Canada.
Legacy Oil + Gas Inc (TO: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.
PanTerra Resource Corp. (TO:PRC)
PanTerra Resource Corp. acquires, explores, and develops shallow and shale gas in the province of Saskatchewan, Canada.
Chinook Energy Inc. (TO:CKE)
Chinook Energy Inc is an oil and gas exploration and production firm. The company develops niche oil and gas exploitation opportunities in international hydrocarbon provinces. Chinook Energy explores worldwide.
RMP Energy Inc. (TO:RMP)
RMP Energy Inc. is an oil and gas exploration and production company. The company explores for and produces oil and natural gas in West Central Alberta and southeastern Saskatchewan.
Petroamerica Oil Corp. (TO:PTA)
Petroamerica Oil Corp. is an oil and gas exploration and production company. The company owns interests in oil and gas assets in Colombia.