5 Top Weekly TSX Performers: Oil Breaks US$100 Mark, Stocks Follow

1. Africa Oil

Leading the top TSX performers this week is oil and gas company Africa Oil, which has assets across the continent. It has three producing projects in deep-water offshore Nigeria, and it is a joint venture partner in development assets in Kenya. In addition to these, the company's portfolio includes exploration properties in Guyana, Kenya, Namibia, Nigeria and South Africa, as well as in the Senegal Guinea Bissau joint development zone.

Last Thursday, Africa Oil announced a major light oil discovery offshore Namibia. By the end of the week, its shares had increased by 19.64 percent and were trading at C$2.68 on Friday.

2. Pieridae Energy

Founded in 2011, Pieridae Energy is focused on exploring for and extracting natural gas; it also has midstream infrastructure and integration opportunities in liquefied natural gas exports. The Calgary-based company's highest-producing assets are in the Southern and Central Foothills of Alberta’s Rocky Mountains, and between all of its assets it produces around 40,000 barrels of oil equivalent per day.

Last week, Pieridae saw its share price increase 16.67 percent to C$0.45, although it did not share any news.

3. Athabasca Oil

Another Alberta-based energy company making the list this week is Athabasca Oil. The company has centered its efforts on the development of thermal and light oil assets in Alberta’s Western Canadian Sedimentary Basin.

Despite not releasing news last week, shares of Athabasca Oil increased 13.33 percent to end at C$1.87.

4. Energy Fuels

The only company not focused on oil and gas making this week’s top TSX performers list is Energy Fuels, a US uranium and vanadium producer. It is also ramping up to commercial-scale production of rare earth element carbonate. Energy Fuels holds three US uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery project in Wyoming and the Alta Mesa in-situ recovery project in Texas.

Last week, shares of Energy Fuels increased 11.11 percent to trade at C$9.20 by the end of the week.

5. Transglobe Energy

TransGlobe Energy is another oil and gas exploration and development company.

The company has the rights to four oil development concessions in Egypt: West Gharib, West Bakr and North West Gharib in the Eastern Desert, and South Ghazalat in the Western Desert. In Canada, TransGlobe holds interests in producing properties in Central Alberta's Harmattan area.

Last week, the energy company saw its share price increase 10.29 percent to end at C$4.50.