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ARC Resources Ltd. (ARX $24.20)
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Vermilion Energy Inc. (VET $14.28)
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Parex Resources Inc. (PXT $21.09)
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Whitecap Resources Inc. (WCP $13.24)
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Birchcliff Energy Ltd. (BIR $7.20)
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TORC Oil & Gas Ltd. (TOG $3.21)
Q: Given the abysmal condition of the oil & gas sector and the apparent attempts of Russia and the Saudi's to further roil negative market activity, some long-term opportunities must be in the offing. Which oil & gas producers have the strongest balance sheet, lowest cost of production and are, generally, the most likely to survive these current circumstances?