Hormuz Risks Push Oil Producers into Focus

When crude prices surge above $100 and shipping lanes through the Strait of Hormuz are at risk, every move in upstream oil and gas takes center stage. Supply fears can favor some producers while exposing others to losses. This article examines three stocks from our Global Oil & Gas Exploration and Production Stocks screener that appear positively tied to this latest flare-up.

Kolibri Global Energy (TSX:KEI) is a pure upstream U.S. producer, with operations generating about $72 million from oil and gas exploration in the United States. Its market cap stands at CA$326 million. With recent revenue of $22.54 million and net income of $8.47 million in Q2 2026, investors watching Hormuz-related supply risks may focus on how that pressure filters through to upstream margins.

PetroTal (TSX:TAL) operates in Peru, giving investors direct exposure to global benchmark price swings. The company generates about $235 million from oil and gas exploration in Peru, fully linked to upstream pricing. PetroTal's market cap stands at CA$506 million. However, the business has faced challenges due to community protests and export blockades, which have previously halted oil transport.

Logan Energy (TSXV:LGN) focuses on upstream exploration and production of crude oil and natural gas across Alberta and British Columbia in Canada. The company generates about CA$212 million from oil and gas exploration in Canada, fully tied to upstream pricing. Logan Energy's market cap stands at CA$823 million.