3 Oil and Gas Shares Rising Fast

LONDON -- Oil prices remained firm last week as neither Hurricane Isaac nor the refinery fire in Venezuela managed to cause any serious disruption to supplies. Operations in both areas are expected to get back to normal this week, relieving any possible pressure on supplies.

Despite this, the price of crude oil has stayed high. Shortly after London markets closed on Monday, Brent crude for October delivery was trading at $115.50 per barrel, while WTI crude was $96.70. U.S. markets were closed for the Labor Day holiday on Monday, but on Friday the United States Oil Fund  (NYSE: USO  ) closed up by 1.4% on the week, while the United States Natural Gas Fund  (NYSE: UNG  ) was up 1.7% on the week.

Oil prices have been strong all summer, but some small oil shares have outperformed the market by a big margin. Here are three of the summer's top climbers:

Quadrise Fuels International  (LSE: QFI.L  ) has soared 118% to 10.4 pence over the last 30 days, after it gained heavyweight backing from Saudi group Rafid for trials of its synthetic heavy fuel oil with utility and refinery companies in Saudi Arabia. Although not technically an oil company, QFI has outperformed its peers in the oil and gas producers sector thanks to the deal. QFI's share price was given an extra boost by news that container shipping company Maersk has opted to extend its seagoing trials of the fuel.

Amerisur Resources  (LSE: AMER.L  ) is up by 80% to 37 pence over the last three months. Amerisur is focused on Colombia and has delivered a string of solid progress reports and good news to the market over the last few months, as several of its Platanillo wells have been successfully completed and placed on production.

Xcite Energy  (LSE: XEL.L  ) has climbed 48% to 113 pence over the last month, after its Bentley field in the North Sea was finally been brought into production. Xcite also seems to have got to grips with its recurring funding problems, albeit at the cost of some dilution to shareholders.

Small oil and gas shares are always volatile, and this week's winners could be next week's losers. To learn more about how to select oil and gas shares with the potential to deliver outstanding multi-bagging profits, I strongly recommend you download the latest special free report from the Motley Fool, "How to Unearth Great Oil and Gas Shares." It's completely free and includes details of how to select shares and structure your portfolio to maximize your potential profits and minimize your risks. Hurry, though, this new report will only be available for a limited time -- so download it today.

Are you looking to profit as a long-term investor? "10Steps to Making a Million in the Market" is the latest Motley Fool guide to help Britain invest better. We urge you to read the report today -- while it's still free and available.

Further investment opportunities:

Fool contributor Roland Head does not own any of the shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On October 02, 2012, at 11:19 AM, canalet wrote:

    Another brilliant oil company which deserves a mention ......Magnolia Petroleum......climbing very nicely........

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2005681, ~/Articles/ArticleHandler.aspx, 10/20/2016 8:57:55 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,162.35 -40.27 -0.22%
S&P 500 2,141.34 -2.95 -0.14%
NASD 5,241.83 -4.58 -0.09%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes