Oil Stocks Ride Hormuz Supply Fears to Higher Prices
When crude oil prices surge above $100 and shipping lanes through the Strait of Hormuz are at risk, upstream oil and gas operations become crucial for investors. Three companies that could benefit from these supply fears are Kolibri Global Energy (TSX:KEI), PetroTal (TSX:TAL), and Logan Energy (TSXV:LGN).
Kolibri Global Energy develops and produces oil, gas, and natural gas liquids in Oklahoma's Caney Shale. The company generates around $72 million from its US operations, making it closely tied to crude price swings. Its recent revenue of $22.54 million and net income of $8.47 million in Q2 2026 demonstrate this exposure.
PetroTal operates in Peru, giving investors direct access to global benchmark price swings. The company generates around $235 million from its operations in Peru, fully linked to upstream pricing. PetroTal's story revolves around the balance between stronger pricing and the volume sold, with pipeline risks, pricing, and capital returns potentially decoupling.
Logan Energy focuses on upstream exploration and production of crude oil and natural gas across Alberta and British Columbia in Canada. The company generates around CA$212 million from its Canadian operations, fully tied to upstream pricing. With recent double-digit earnings growth, rising production guidance for 2026, and a P/E ratio of 20.8x, Logan Energy's stock may be sensitive to changes in commodity prices.