The game is afoot.  The fast money crowd is going to be looking for any oil producer that is undervalued or makes an announcement that is positive.  First the more visible will take off, and than the less visible stocks will.  The less well known actually have the potential for larger % gains as I pointed in an email yesterday pointing out the activity in PED, up 700% in one day. 

2 Energy Stocks That Are Breaking Out

https://seekingalpha.com/article/4184349-2-energy-stocks-breaking?ifp=0
 * Natural gas execs see ‘century of supply’ in U.S. shale
https://boereport.com/2018/06/27/natural-gas-execs-see-century-of-supply-in-u-s-shale/

Natural gas futures trim gains post inventory data

WEC Energy to buy stake in Illinois wind project for $148M
  • WEC Energy (NYSE:WEC) agrees to acquire an 80% ownership interest in the Bishop Hill III Wind Energy Center in Illinois for $148M.
  • Bishop Hill III, which was placed into service just last month, consists of 53 General Electric turbines with a capacity of 132 MW and has a 22-year offtake agreement with WPPI Energy for all energy produced at the site.
  • WEC expects the deal to be eligible for 100% bonus depreciation and for production tax credits under new tax rules.
Sempra Energy to sell entire U.S. wind and solar asset portfolio
  • Sempra Energy (NYSE:SRE) says it plans to sell several energy infrastructure assets, including its entire portfolio of U.S. wind and solar assets, as well as certain U.S. midstream assets.
  • SRE expects to record Q2 impairment charges related to the sales totaling $870M-$925M after tax and noncontrolling interests.
  • SRE says the planned asset sales “represent the first phase of a multi-phase portfolio optimization initiative designed to sharpen the company’s strategic focus and create value for all shareholders.”
  • The announcement comes less than a month after activist investor Elliott Management and Bluescape Resources said they owned a 4.9% stake in SRE and pushed for a board shakeup and strategic review at the company.
Here is one that suggests that EGRGF is undervalued by about 10 times its current price at first glance.(LOL).  PTRC has a market cap of $20m, has burned through about $50m and is generating about $1m a year in revenue.  Eagle on the other hand is actively drilling, has existing production of about 3000 barrels of energy per day as of the end of their first quarter with 228 possible well sites in Texas and others in Alberta. 
This chart looks like Eagle’s, another Cdn producer operating in the U.S.  However it has a market cap of about $75m Cdn vs. Eagles $16m Cdn.  It onlyoperates in the U.S. and is generating revenue of just $600,000 a year and has no debt.  No debt maybe its only advantage vs. others like GXOCF and EGRGF.
https://jerichooil.com/

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK play of Oklahoma.  Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves.  Jericho has assembled a 55,000 net acre position across Oklahoma, including an interest in ~16,000 net acres in the STACK Play.

Jericho’s current operations are focused on the oil-prone Meramec and Osage formations in the STACK.  The Jericho team applies advanced engineering analyses and enhanced geological techniques to under-developed resource areas.

Based in Vancouver, British Columbia, with operational headquarters in Tulsa, Oklahoma, Jericho trades publicly on the TSX-Venture (JCO) and OTC (JROOF). Jericho participates in the STACK JV through one or more wholly owned subsidiaries.

This is an excellent chart for GXOCF (GXO.TO).   All things being equal with oil making new highs it should be trading about 25% higher right now.