Oil Stocks That Could Benefit If Hormuz Supply Risks Keep Crude Prices Elevated

When crude prices jump above $100 and shipping lanes through the Strait of Hormuz are at risk, every move in upstream oil and gas starts to matter a lot more to your portfolio. Supply fears can reward some producers and leave others exposed. This article walks through three stocks from our Global Oil & Gas Exploration and Production Stocks screener that appear positively tied to this latest flare up, and explains where the risks still sit for investors watching the sector.

The three profiles below are only a starting sample from this idea. The full screen surfaced 57 more listed producers with equally compelling narratives that are not covered here. To go straight to the source and identify your own highest conviction exposure, head into the Global Oil & Gas Exploration and Production Stocks screener.

Kolibri Global Energy (TSX:KEI)

Overview: Kolibri Global Energy develops and produces oil, gas and natural gas liquids from its Caney Shale acreage in Oklahoma.

Operations: The business generates about US$72 million from oil and gas exploration and production in the United States, its sole reported market.

Market Cap: CA$326 million

Kolibri Global Energy is a pure upstream U.S. producer, so its barrels and cash flows are closely tied to crude price swings. Recent revenue of US$22.54 million and net income of US$8.47 million in Q2 2026 put real numbers behind that exposure. Investors watching Hormuz-related supply risks may focus on how that pressure filters through to upstream margins.

To see how that crude leverage is priced into Kolibri Global Energy right now, review the DCF valuation analysis for Kolibri Global Energy and judge whether the market is missing something.

PetroTal (TSX:TAL)

Overview: PetroTal develops and produces crude oil and natural gas in Peru, giving investors direct exposure to global benchmark price swings.

Operations: The business generates about US$235 million from oil and gas exploration and production in Peru, fully linked to upstream pricing.

Market Cap: CA$506 million

For investors using this screener to find pure upstream exposure, PetroTal offers concentrated leverage to Brent-linked pricing from a single producing hub in Peru. This can become particularly relevant when supply fears around Hormuz push global benchmarks higher.

"Community Protests & Export Blockades: PetroTal operates in Peru’s Amazon, where indigenous community protests have previously halted oil transport. In early 2022, a river blockade forced PetroTal to curtail ~20k bopd production, losing ~500,000 barrels (nearly a month’s output)."

A key driver of the long term risk and reward profile is how one unresolved constraint shapes the balance between stronger pricing and the volume that is ultimately sold.

That trade off sits at the center of PetroTal’s story, and the full narrative for PetroTal shows how pipeline risks, pricing, and capital returns could be decoupling.

Logan Energy (TSXV:LGN)

Overview: Logan Energy focuses on upstream exploration and production of crude oil and natural gas across Alberta and British Columbia in Canada.

Operations: The business generates about CA$212 million from oil and gas exploration and production in Canada, fully tied to upstream pricing.

Market Cap: CA$823 million

Logan Energy is a pure upstream Canadian producer, with CA$212 million of oil and gas revenue and production volumes linked directly to crude and gas benchmarks. The company reports recent double digit earnings growth, rising production guidance for 2026 and a P/E of 20.8x, which together indicate that the stock may be sensitive to changes in commodity prices if a single key assumption is not met.

If that key assumption breaks, the analysis report for Logan Energy shows where Logan Energy’s pricing exposure could be amplifying both upside and downside.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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