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Feb 28, 2013 3:13:47 AM PST
Alberta might be known as the home of oil sands but small cap Canadian oil stocks Birchcliff Energy (TSE: BIR), Dejour Energy (NYSEAMEX: DEJ), Long Run Exploration (TSE: LRE) and Aroway Energy (PINK: ARWJF) are major players in Northern Alberta’s Peace River Arch region – which could become the next hot Canadian oil play with small caps already in the region becoming acquisition targets.
Located in northeast British Columbia and northwest Alberta, the Peace River Arch is increasingly being recognized for having a history of high quality reserves with significant opportunities for the recovery of new and remaining reserves of that same quality. Thanks to the region’s geologic and geographic diversity, companies operating there have been rewarded with prolific oil or natural gas production. In fact, the region is renowned for its large wells that have long reserve lives as they can produce for up to 15 to 20 years.
The following small cap stocks are active in the Peace River Arch area and this could also make them acquisition targets for bigger oil or gas players:
In other words, keep an eye on the above small cap stocks as the Peace River Arch region increasingly finds its way on the radar of big oil.