Natural gas prices have been under pressure lately, sinking on oversupply and milder temperatures.
That’s put plenty of pressure on oil and gas companies, particularly on smaller explorers, producers and developers. However, not all have fallen by the wayside, and some of the best natural gas stocks have actually managed to see gains so far in 2016.
Here’s a look at some of the best natural gas stocks as of late. The list consists of TSX-listed oil and gas companies that have seen the greatest share price gains over the past year.
1. BNK Petroleum (TSX:BNK)
BNK Petroleum had a tough 2015, and has lost roughly 35.85 percent over the past year. However, the company appears to have turned things around somewhat, as its share price has risen 61.9 percent to $0.34 in the past year. On March 10, the company announced its 2015 year-end reserves, reporting a 44 percent increase over its December 2014 estimate. As the Sonoran Weekly Review noted, the company also narrowed its net loss in the final quarter of 2015 to $6.3 million, down from $57.6 million for the same quarter in 2014. That was largely due to increasing production offsetting low oil and gas prices.
BNK holds a number of shale gas and oil assets in the Ardmore basin in Oklahoma. The company has a market capitalization of 54.83 million and has traded within a 52-week range of $0.14 to $0.97.
2. Boulder Energy (TSX:BXO)
Boulder Energy is a junior oil and natural gas producer based in Alberta, Canada, focused on its multi-zone Belly River pool at Brazeau in the Alberta Deep Basin. Shares of Boulder spiked on February 24 when the company announced a going private transaction led by ARC Financial. Under the terms of the agreement, shareholders would receive a cash consideration of $2.59 per share. Shareholders must vote before the proxy cut-off time on April 8.
Overall, shares of Boulder Energy have gained 54.49 percent this year and are currently trading at $2.58.
3. Pengrowth Energy (TSX:PGF)
Pengrowth Energy, another oil and gas producer focused on Alberta, has risen 43.14 percent to $1.46 per share so far in 2016. The company’s stock gained over 70 percent in March, and according to the Motley Fool, that wasn’t just because of a 14 percent bump in crude oil prices. Billionaire Canadian investor Seymour Schulich also bought into the stock, which is significant, since, as the Fool noted, “Schulich doesn’t buy too many stocks. In fact, according to an interview he gave last year, he only owned five stocks at that time.”
Pengrowth has a market capitalization of 763 million and has traded within a 52-week range of $0.66 to $4.30.
4. Epsilon Energy (TSX:EPS)
Rounding out the list was Epsilon Energy, which has seen its shares rise 36.96 percent to $3.15 since the start of 2016. The company is focused on its natural gas reserves in the Marcellus shale of northeast Pennsylvania, and also owns the Auburn gas gathering system which collects, processes, compresses and delivers natural gas into Tennessee Gas Pipeline. The company released its 2015 results on March 16, in which CEO Michael Raleigh noted that the company continued to generate a positive cash flow contributions from its upstream and midtream assets.
The data for this article was retrieved on April 5, 2016 using The Globe and Mail’s market data filter. Only oil and gas companies with market capitalization greater than $50 million if listed on the TSX are included.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
This post was originally published by the Investing News Network on January 7, 2016.