Despite the most fervent wishes of the coal lobby, the past weeks have not been kind to the sector with the world’s seven largest advanced economies agreeing to stop international financing of coal projects in a bid to cap emissions.

With South Korea having already agreed to do the same, this leaves China as the only major non-G7 economy as a potential source of finance for coal projects – not exactly reassuring for proposed projects in Australia given the poor relations between the two countries.

The UK, France and Italy have already committed to phase out coal power generation by 2025 while Canada and Germany have set 2030 and 2038 as their respective dates to do the same.

Market forces are doing the same in the US, which has seen gas and renewables edge out coal.

It’s not just G7 and major economies either.

The Lowy Institute’s Climate Poll 2021 also demonstrated that the majority of Australians – about 63 per cent of respondents – support a ban on the opening of new coal mines.

Six in 10 Australians also favour reducing coal exports to other countries while 74 per cent believe that benefits of taking further action on climate change would outweigh its costs.

Not all fossil fuels have been impacted by the poll, which found that 58 per cent supported the government’s gas-fired recovery plans.

Coal’s case has certainly not been helped by an explosion at the coal-fired Callide Power Station in central Queensland, which caused mass power outages on Tuesday.
 

Oil remains stable

Oil prices have remained stable after last week’s fall as upbeat demand expectations offset concerns that Iranian oil is about to return to markets.

However, the latter is looking increasingly unlikely after US Secretary of State Antony Blinken said there was no indication that Iran is willing to comply with nuclear commitments.

Meanwhile, Goldman Sachs noted that expectations oil demand will improve as Europe and the US reopen could see the benchmark Brent crude hit US$80 per barrel in the fourth quarter of the year.

Here’s how a basket of ASX stocks with exposure to oil, gas, uranium and coal are performing>>>
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:

CODE COMPANY Price 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % 1 WEEK RETURN % MARKET CAP
AGE Alligator Energy 0.034 143 750 353 -17 $ 80,386,655.19
MEY Marenica Energy Ltd 0.305 118 263 336 -2 $ 62,361,438.30
ADD Adavale Resource Ltd 0.09 58 73 463 22 $ 25,526,445.56
BMN Bannerman Resources 0.195 56 413 388 -5 $ 231,881,866.71
BLZ Blaze International 0.04 48 29 90 -5 $ 14,375,005.11
PEN Peninsula Energy Ltd 0.185 48 153 66 0 $ 165,270,050.63
NWE Norwest Energy NL 0.008 33 100 100 0 $ 40,587,547.28
92E 92Energy 0.345 33 13 $ 14,180,400.36
PDN Paladin Energy Ltd 0.5125 31 249 336 -6 $ 1,365,556,826.04
AFR African Energy Res 0.021 31 -5 11 17 $ 12,459,212.60
LCK Leigh Crk Energy Ltd 0.245 29 53 210 7 $ 181,703,720.81
WGO Warrego Energy Ltd 0.275 28 38 53 6 $ 262,131,533.47
DYL Deep Yellow Limited 0.795 25 89 218 -10 $ 283,568,989.17
TER Terracom Ltd 0.12 25 -17 -11 -4 $ 90,432,915.60
88E 88 Energy Ltd 0.022 22 214 267 -4 $ 296,955,079.91
DEV Devex Resources Ltd 0.35 21 37 218 17 $ 115,888,074.40
ENX Enegex Limited 0.125 19 150 1991 0 $ 18,054,845.88
VMX Valmec Limited 0.355 18 58 122 13 $ 44,688,541.33
VMY Vimy Resources Ltd 0.13 18 271 171 -7 $ 133,596,718.97
BOE Boss Energy Ltd 0.165 18 162 143 -11 $ 375,915,590.49
ICN Icon Energy Limited 0.02 18 5 100 -9 $ 13,147,352.64
ALD Ampol Limited 29.41 16 -6 12 5 $ 6,903,611,808.03
EME Energy Metals Ltd 0.18 16 80 44 0 $ 42,985,078.96
BUY Bounty Oil & Gas NL 0.022 16 100 144 16 $ 24,120,821.60
ACB A-Cap Energy Ltd 0.06 15 150 500 -2 $ 54,928,746.56
TEG Triangle Energy Ltd 0.03 15 25 -33 11 $ 18,622,904.43
VEA Viva Energy Group 2.06 14 4 28 -1 $ 3,327,811,999.29
TOE Toro Energy Limited 0.024 14 71 140 -17 $ 70,892,734.06
WHC Whitehaven Coal 1.505 14 -3 -14 4 $ 1,528,313,463.36
NHC New Hope Corporation 1.325 12 -8 -2 0 $ 1,119,520,275.29
EPM Eclipse Metals 0.02 11 100 150 0 $ 33,439,180.44
HCD Hydrocarbon Dynamic 0.021 11 -13 -27 5 $ 8,805,802.12
MRM MMAOffShor 0.35 9 3 -29 11 $ 123,968,241.42
POW Protean Energy Ltd 0.013 8 18 141 0 $ 9,108,581.48
ERA Energy Resources 0.2275 8 47 34 3 $ 812,104,303.56
LAM Laramide Res Ltd 0.6 7 71 71 0 $ 714,249.00
CXU Cauldron Energy Ltd 0.04 5 21 43 14 $ 18,079,980.48
DOR Doriemus PLC 0.065 5 55 183 0 $ 3,768,903.13
REY REY Resources Ltd 0.28 4 8 30 0 $ 59,339,710.92
VEN Vintage Energy 0.059 4 0 47 -2 $ 35,713,044.97
COI Comet Ridge Limited 0.064 3 -19 -29 -2 $ 49,055,126.58
SXY Senex Energy Limited 3.15 3 16 97 6 $ 584,218,075.68
HZN Horizon Oil Limited 0.088 2 44 22 1 $ 111,581,237.69
ZEL Z Energy Ltd. 2.45 2 -23 -10 -6 $ 1,269,963,521.32
NZO New Zealand Oil&Gas 0.39 1 -41 -13 0 $ 64,127,980.02
2BE Tubi Limited 0.049 0 -48 -49 0 $ 15,254,032.17
ABL Abilene Oil & Gas 0.001 0 0 0 0 $ 397,614.35
AEE Aura Energy 0.043332 0 0 0 0 $ 11,316,265.56
BKY Berkeley Energia Ltd 0.585 0 33 125 7 $ 151,504,411.50
BNL Blue Star Helium Ltd 0.037 0 0 311 9 $ 45,182,264.94
CCJ County International 0.004 0 0 0 0 $ 960,000.03
CTP Central Petroleum 0.12 0 0 28 14 $ 86,891,239.32
CUE CUE Energy Resource 0.065 0 -63 -26 3 $ 45,377,781.80
E2E Eon Nrg Ltd 0.001 0 0 0 0 $ 769,888.93
EER East Energy Resource 0.036 0 0 1100 0 $ 115,235,533.26
FAR FAR Ltd 0.011 0 0 -21 0 $ 109,767,132.17
FDM Freedom Oil Gas 0.011 0 0 0 0 $ 11,847,248.07
GRV Greenvale Mining Ltd 0.245 0 123 1115 -13 $ 96,271,482.37
LKO Lakes Blue Energy 0.0015 0 0 0 0 $ 53,282,113.44
MEL Metgasco Ltd 0.025 0 14 33 0 $ 13,741,235.60
MMR Mec Resources 0.004 0 0 0 0 $ 2,737,819.70
NSE New Standard Energy 0.004 0 0 0 0 $ 3,554,995.46
OEL Otto Energy Limited 0.01 0 -17 43 11 $ 43,155,087.96
PGY Pilot Energy Ltd 0.082 0 183 356 0 $ 17,905,770.76
PNL Paringa Resources 0.041 0 0 0 0 $ 25,944,078.11
PSA Petsec Energy 0.021 0 0 0 0 $ 8,580,346.40
PVE Po Valley Energy Ltd 0.035 0 30 -20 0 $ 22,655,013.61
RES Resource Generation 0.064 0 0 3 0 $ 37,208,341.63
RMP Red Emperor Resource 0.017 0 6 55 0 $ 8,929,977.19
TEK Thorney Tech Ltd 0.395 0 13 62 -1 $ 142,908,276.08
TNP Triple Energy Ltd 0.025 0 0 150 0 $ 1,799,901.35
TSC Twenty Seven Co. Ltd 0.005 0 -17 -38 25 $ 10,642,758.24
WOR Worley Limited 10.4 -1 -25 14 -10 $ 5,607,070,764.72
COE Cooper Energy Ltd 0.2725 -1 -24 -33 1 $ 440,377,048.35
KAR Karoon Energy Ltd 1.1675 -1 17 108 -9 $ 675,448,636.06
ORG Origin Energy 4.07 -1 -22 -28 -1 $ 7,168,129,058.97
EEG Empire Energy Ltd 0.315 -2 -19 24 -2 $ 116,894,604.70
OSH Oil Search Ltd 3.71 -2 -3 11 -6 $ 7,688,047,456.80
ATS Australis Oil & Gas 0.046 -2 -30 53 -4 $ 55,727,327.85
STX Strike Energy Ltd 0.325 -3 23 55 -14 $ 665,318,431.80
IVZ Invictus Energy Ltd 0.15 -3 168 477 11 $ 84,441,792.30
GLL Galilee Energy Ltd 0.745 -3 26 116 -2 $ 224,398,022.56
KKO Kinetiko Energy Ltd 0.13 -4 -13 225 0 $ 76,462,191.65
CVN Carnarvon Petroleum 0.25 -4 -14 11 -6 $ 391,344,979.25
KLR Kaili Resources Ltd 0.025 -4 -38 -31 -4 $ 3,685,009.08
WPL Woodside Petroleum 21.9 -4 -6 -3 -5 $ 21,218,029,089.72
STO Santos Ltd 6.69 -4 2 27 -7 $ 14,060,695,776.75
BRK Brookside Energy Ltd 0.022 -4 175 267 -19 $ 61,668,560.18
SMR Stanmore Resources 0.66 -4 -6 -24 0 $ 183,876,311.88
MEU Marmota Limited 0.043 -4 5 -14 -4 $ 42,615,482.36
YAL Yancoal Aust Ltd 2.05 -5 -2 -6 -2 $ 2,706,900,845.85
GAS State GAS Limited 0.505 -5 -7 -1 3 $ 88,246,475.55
WEL Winchester Energy 0.019 -5 -24 -46 0 $ 13,820,897.74
SOL Soul Pattinson (W.H) 29.46 -5 2 58 -1 $ 7,074,131,706.00
ROG Red Sky Energy. 0.0085 -6 325 920 -6 $ 37,051,377.58
MHC Manhattan Corp Ltd 0.013 -7 -55 -13 -7 $ 19,841,623.01
CE1 Calima Energy 0.009 -10 13 50 0 $ 97,603,531.06
IEC Intra Energy Corp 0.009 -10 13 125 0 $ 3,579,516.27
TMK Tamaska Oil Gas Ltd 0.009 -10 0 50 0 $ 8,460,000.00
CRM Carbon Minerals Ltd 0.33 -11 -15 -6 -8 $ 6,205,152.69
BYE Byron Energy Ltd 0.115 -12 -32 -23 -4 $ 114,432,461.22
LIO Lion Energy Limited 0.057 -12 280 217 2 $ 13,833,103.82
IKW Ikwezi Mining Ltd 0.245 -13 -39 23 0 $ 9,959,243.63
WBE Whitebark Energy 0.0035 -13 17 -25 -13 $ 14,220,939.43
AJQ Armour Energy Ltd 0.027 -13 -51 -3 -4 $ 41,305,035.24
JPR Jupiter Energy 0.04 -13 -27 74 3 $ 6,135,107.72
HPR High Peak Royalties 0.06 -13 -35 -6 7 $ 11,337,383.94
GLV Global Oil & Gas 0.019 -14 58 88 -5 $ 13,745,854.30
MCE Matrix C & E Ltd 0.125 -14 -11 -31 -7 $ 12,790,178.63
HE8 Helios Energy Ltd 0.12 -14 -25 38 0 $ 206,054,451.25
GGX Gas2Grid Limited 0.003 -14 37 71 14 $ 6,004,653.12
SGC Sacgasco Ltd 0.029 -15 -31 93 -3 $ 13,847,306.37
OXX Octanex Ltd 0.04 -15 208 233 -9 $ 9,539,482.08
TDO 3D Oil Limited 0.051 -15 -18 -36 2 $ 13,524,606.97
TOU Tlou Energy Ltd 0.045 -15 -35 -28 2 $ 27,008,956.76
SAN Sagalio Energy Ltd 0.022 -15 29 1000 0 $ 4,502,522.86
FZR Fitzroy River Corp 0.135 -16 -41 -5 -4 $ 14,573,823.89
BAS Bass Oil Ltd 0.0025 -17 25 150 -17 $ 8,355,350.24
WEC White Energy Company 0.1 -17 -23 25 -9 $ 85,192,659.09
SRJ SRJ Technologies 0.245 -18 -51 -9 $ 19,239,781.60
PH2 Pure Hydrogen Corp 0.215 -19 165 207 10 $ 64,344,551.92
NAE New Age Exploration 0.016 -20 39 220 -16 $ 22,424,686.56
OEX Oilex Ltd 0.004 -20 100 100 -11 $ 22,781,922.15
TPD Talon Petroleum Ltd 0.008 -20 167 433 0 $ 42,021,276.68
IPB IPB Petroleum Ltd 0.028 -20 -20 100 -3 $ 8,031,936.30
BRU Buru Energy 0.155 -21 63 35 0 $ 79,811,136.15
EDE Eden Inv Ltd 0.026 -21 -4 -26 4 $ 54,154,161.05
EXR Elixir Energy Ltd 0.31 -22 148 1219 -7 $ 276,214,146.56
MAY Melbana Energy Ltd 0.018 -22 50 260 -5 $ 41,703,325.42
ZEU Zeus Resources Ltd 0.024 -23 20 380 -17 $ 4,323,600.00
GGE Grand Gulf Energy 0.01 -23 11 150 0 $ 3,069,995.82
BPT Beach Energy Limited 1.26 -25 -31 -22 -4 $ 2,920,107,079.68
XST Xstate Resources 0.0045 -25 29 200 -10 $ 12,103,143.82
KEY KEY Petroleum 0.003 -25 -25 -25 0 $ 5,903,784.38
PCL Pancontinental Oil 0.0015 -25 50 0 -25 $ 9,010,073.23
GEV Global Ene Ven Ltd 0.072 -28 -15 20 -20 $ 31,648,275.61
MCM Mc Mining Ltd 0.1 -29 -47 -29 -5 $ 15,441,955.50
ANA Ansila Energy 0.019 -30 -47 171 -10 $ 35,145,670.39
RNU Renascor Res Ltd 0.07 -30 483 483 -14 $ 129,631,103.99
ADX ADX Energy Ltd 0.007 -30 40 40 -13 $ 20,393,606.46
NGY Nuenergy Gas Ltd 0.031 -34 158 94 7 $ 45,909,620.41
FPL Fremont Petroleum 0.004 -43 33 -20 0 $ 18,714,050.08
PRM Prominence Energy NL 0.011 -45 83 41 0 $ 6,653,435.65
AUH Austchina Holdings 0.006 -45 -14 200 -14 $ 9,804,746.17

 

Small cap energy plays

Bounty Oil & Gas (ASX:BUY) +16%

Bounty and its joint venture with Advent Energy have appointed Xodus Group to prepare the Environmental Plan for the drilling of the Baleen-1 well in the offfshore Sydney Basin.

Baleen-1 will evaluate the potential of the early Permian sandstones at the location for carbon storage.

Central Petroleum (ASX:CTP) +14%

Central has reached a binding agreement to sell a 50 per cent interest in its Amadeus Basin producing assets to New Zealand Oil & Gas (ASX:NZO) for $85m.

The sale of the stakes in the Mereenie oil and gas field, Palm Valley gas field and Dingo gas field will cover its JV expenditure obligations for near-term development and growth activities across the sale assets.

These include two exploration wells, Palm Valley Deep and Dingo Deep, that include options for their completion as producing wells as well as two development wells that are currently progressing at Mereenie.

Pure Hydrogen (ASX:PH2) +10%

Pure Hydrogen has been progressing its goal of becoming a one-stop shop for hydrogen, signing a term sheet for Pure Haul to provide transportation services this week.

It had signed an MoU with H2H Energy last week to provide supply and maintenance services at its refuelling outlets.

These are all parts of its ambition to develop a network of hydrogen refuelling hubs on the east coast of Australia that will be supplied by large-scale hydrogen plants.

At Stockhead, we tell it like it is. While Pure Hydrogen is a Stockhead advertiser, it did not sponsor this article.