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This docFinder Alert highlights the Top Six E&P stock winners in 2012. Our screen (from Cap IQ) includes all publicly-traded E&P companies globally with market caps greater than $1.0 billion. Five of these are exploration driven with additional growth plans ahead! One, Nexen, is a special situation given a $17.9 billion buyout from CNOOC which was announced July 23, 2012 and recently approved by the Canadian government.
| Company |
Ticker : Exchange |
Stock Price 12/31/2011 |
Stock Price 12/31/2012 |
Market Cap 12/31/2012 |
Stock Price
% Change |
| Africa Oil Corp |
AOI:TSXV |
$1.55 |
$7.01 |
$1,636 |
352% |
| Bonanza Creek Energy |
BCEI:NYSE |
$12.50 |
$27.79 |
$1,085 |
122% |
| Ophir Energy plc |
OPHR:LSE |
$4.50 |
$8.20 |
$3,280 |
82% |
| Nexen Inc. |
NYX:TSX |
$15.95 |
$26.66 |
$14,245 |
67% |
| Afren plc |
AFR:LSE |
$1.33 |
$2.13 |
$2,316 |
60% |
| Cobalt International |
CIE:NYSE |
$15.52 |
$24.56 |
$9,858 |
58% |
| Footnote: source CAP IQ, all figures in US$, market cap in $MM. |
Africa Oil Corporation is the clear winner benefiting from a first mover advantage in an unequalled acreage position in what is now the world's exploration sweet spot in East Africa. Citing Drill Baby Drill, AOC presents an impressive unrisked net resource in Kenya, Ethiopia and Somalia of 12 billion barrels, 1 billion barrels risked. The best may yet to come as another 10-12 high impact exploration wells are scheduled to be drilled in 2013.
Bonanza Creek Energy takes second place globally and first place domestically. As signified by its presentation cover, BCEI's flight is just embarking. The company is growing rapidly, anchored by an oil-weighted Wattenberg field position in Weld Co., Colorado. BCEI's Wattenberg type curve project boasts impressive IRRs and the company has more upside through testing of additional benches including Niobrara C and Codell.
More HOT slides and data below.
The other four stock E&P winners of 2012 are below including Ophir Energy plc, Nexen Inc., Cobalt International and Afren plc.
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