Permex Petroleum (CSE: OIL) or (OTCQB: OILCF) could go parabolic in the days ahead. It has 9.5 million barrels of oil equivalent in proven and probable reserves with an estimated present value of US$89 million. This is a producing small-cap oil stock in the Permian Basin and it has done nothing to market itself yet. They have been expanding rapidly in recent months with a number of major acquisitions. This is our favorite publicly traded oil producer.
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