penny stocks oil gas buy

Canadian explorations companies are getting attention. This is especially true for Canadian penny stock companies. The majority of our forms of transportation run on petroleum. It would stand to reason that crude oil industries in developed countries are crucial for allowing societies to both metaphorically and literally move forward.

According to recent statistics, Canada currently sits as the fifth-largest producer of natural gas in the world. This is thanks to its oil and natural gas reserves across the nation. Canada’s oil reserves include over 170 billion barrels, of which 164 billion barrels are easily accessible at a moment’s notice.

In Canada, the largest reserves of crude oil can be found in oil sands located in the Canadian province of Alberta. For those unaware of the idea of oil sands, these are areas where sand, water and bitumen are mixed. They can be recovered via drilling methods and/or mining.

Canadian Crude Industry & Kelt Exploration (KEL)

Amid the Canadian crude industry, one company, in particular, is working to make sure that Canadians have access to high-quality petroleum. Kelt Exploration Ltd (KEL) is an oil sands company largely focused on the exploration, development, and production of crude oil and petroleum in Canada.

Other companies focus on similar regions for explorative opportunities. Kelt’s exploration team focuses on areas with multilane hydrocarbon potential. Earlier this week, the Company had a banner day. Its shares closed the day out with a 5.61% boost, raising its share price to $5.84 per share on March 20, 2019.

Kelt Exploration Ltd. has become better known in the Canadian oil industry. This is because of its determination and corporate assets. The Company owns its pipeline infrastructure across many of Canada’s core regions for oil production. This allows Kelt to move crude from one location to another, with ease. As a result of their preeminent oil-recovering strategies, Kelt priestly offers crude oil, natural gas liquids, and natural gas.

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