With crude oil prices breaking out above $106/barrel this morning and many of the major integrated oil names overbought on multiple time frames investors may want to look to junior energy companies for additional upside this summer. While we remain bullish on Petromanas Energy longer term, 2 other companies are on our radar for more immediate upside:

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Gran Tierra Energy (GTE)

GTE.TO_Weekly_6.12.2014

 

 

Petroamerica Oil (PTA)

PTA_Weekly_6.12.2014

 

 

In addition, a junior gold miner named Romarco Minerals has displayed very impressive price action with signs of steady accumulation in recent weeks:

Romarco Minerals (R)

R.TO_Weekly_6.12.2014

If the gold price were to firm up a bit it would not be unreasonable to see Romarco shares double by year end