The following video is part of our "Motley Fool Conversations" series, in which analyst Paul Chi and senior analyst Matt Argersinger discuss topics around the investing world.

In today's edition, Paul and Matt discuss Samson Oil & Gas, a small-cap oil and gas company with a strong balance sheet. That cash is being deployed with the end goal of ramping up several ongoing projects that could give its oil production a big boost in the near future. These projects have significant implications for the company, which has investors watching the drilling results closely.

As oil prices climb, investors can find opportunities to ride the wave of surging profits for energy companies. Take a look at the top oil stocks recommended by Motley Fool analysts in a recent special free report: "3 Stocks for $100 Oil."The report won't be available forever, so we invite you to enjoy a free copy today. You can access it by clicking here. Fool on!