Enwell (ENW), Serica (SQZ) & Pantheon (PANR):3 AIM stocks to buy

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Enwell (ENW), Serica (SQZ) & Pantheon (PANR):3 AIM stocks to buy

 Enwell (ENW), Serica (SQZ) & Pantheon (PANR):3 AIM stocks to buy
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Highlights

  • The diesel prices reached a record high of 147.94p per litre in the UK, which is the highest level since April 2012.
  • There has been a consistent climb in the diesel prices at the pump due to the rise in global crude oil prices.

The diesel prices reached a record high to 147.94p per litre in the UK following the path of petrol prices which reached 142.94p per litre, a record high last week. The current price of diesel is the highest since April 2012, which is a big blow to households and small businesses.

The diesel prices at the pump have climbed steadily due to the rise in global crude oil prices, which more than double to USD 85 per barrel from USD 40 per barrel a year ago. As per market experts, the prices are on track to reach USD 100 per barrel due to lower supply by the OPEC nations.    

The UK has over 4.5 million small vans and half a million heavy goods trucks that are vital to the supply chain ecosystem. The recent high price of diesel will directly impact the businesses through a rise in transport costs.

However, the rise in crude oil prices in the international market is beneficial for the oil and gas producers, which helps them with higher revenue and profits. Let us explore 3 AIM-listed oil and gas stocks and analyse their investment prospects:

AIM listed oil and gas stocks

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Enwell Energy Plc (LON: ENW)

The company operates as an independent oil and gas producer. Its flagship project is located in Egypt, Ukraine, and Romania. The crude oil producer reported average daily production of 4,917 boepd, a rise of 8% in the first half of 2021. As a result, its revenue was at USD 41.1 million, an increase of 66% due to higher production rates and increased oil and gas prices in the international market. In addition, the company is carrying out development work at its different facilities to boost its production output.

Enwell Energy Plc’s current market cap stands at £152.94 million as of 2 November 2021. In the last one year, the stock has given a 180.59% return to its shareholders.

Serica Energy Plc (LON: SQZ)

The company identifies different oil and gas reserves at different locations. At present, it holds 100% interest in the Keith oil fields located in the North Sea. The company reported a significant improvement in revenue and production output in the first half of 2021. Its average production was 18,900 boepd, while its revenue was at £100.8 million. As a result, the company turned profitable during the period reporting a gross profit of £46 million against a loss of £19.8 million in 2020. Following a good performance, the company declared a dividend of 3.5p per share for its shareholders.

Serica Energy Plc’s current market cap stands at £563.28 million as of 2 November 2021. In the last one year, the stock has given a 100.29% return to its shareholders.

Pantheon Resources Plc (LON: PANR)

The oil and gas company has major operations in the United States. It has 100% ownership in the Greater Alkaid project. The company is currently exploring the new oil reserve at different locations in Alaska. Also, it expects to start production at its Alkaid project using a low-cost production system. The company anticipate current high crude oil prices will benefit the company and create potential value for shareholders.

Pantheon Resources Plc’s current market cap stands at £555.57 million as of 2 November 2021. In the last one year, the stock has given a 157.42% return to its shareholders.

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