This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Top 10 Performing Junior Oil And Gas Companies Of 2012

3. PetroAmerica Oil (TSXV:PTA); current price: $0.35; year-to-date gain: 238.10 percent; 52-week high: $0.37.

PetroAmerica is a junior oil and gas exploration company with a large portfolio of prospective oil properties in the Llanos Basin in Colombia.  On December 17, the company announced a material increase to the reserves at the Las Maracas field. The company had previous announced a new discovery at Las Maracas-3 in July, when it tested 30-degree API oil at a rate of 1,491 barrels of oil per day (bopd).

Las Maracas reached production of 6,850 bopd on December 3 when Las Maracas-5 was brought on stream. The company is continuing with its drilling and testing at La Casona-1, where in November the company discovered light oil.

4. Wellstar Energy (TSXV:WSE.H); current price: $0.15; year-to-date gain: 211.11 percent; 52-week high: $0.19.

Wellstar Energy is a Canada-based junior oil and gas exploration company. The company signed up for a purchase and sale agreement with a private Colorado company and aims to acquire oil and gas assets in North Dakota. Wellstar announced on December 17 that it is set to acquire $51.5 million worth of North Dakota Bakken oil assets. The acquisition includes a 40-percent joint venture on approximately 18,000 contiguous acres of land.

5. Primeline Energy Holdings (TSXV:PEH); current price: $0.57; year-to-date gain: 171.43 percent; 52-week high: $0.84.

Primeline Energy is an oil and gas exploration company that is focused on upstream opportunities in China. Though still at an early stage, the company aims to become a major supplier of oil and gas to the East Chinese market. Share prices for Primeline started climbing in June when the company received approval for its environmental impact assessment for the LS36-1 gas field from the State Oceanic Administration. The company is now waiting on final approval from the Overall Development Commission of the Chinese Central Government.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs