TSX:HSE.PR.B - Post by User
Post by
jwallingfon May 06, 2019 1:57pm
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Post# 29715700
Buy on Weakness
Buy on Weakness Anyone tell me what I'm missing here? P/E (TTM) 9.38, estimated forware P/E 10.7, P/CF of 4 based on C$4.15 billion in operating cash flow (TTM). Yield 3.6%, debt/equity .43 with prospect of further debt reduction from proceeds of Canadian downstream asset sales.
They raised US$750 million in 10 year notes this year at 4.4%, an endorsement of the company's credit profile. A compelling buy at these prices for a major Canadian oil company. They managed to increase profit in Q1 even at reduced production. Production should return to 300k+ as the Alberta curtailments are eliminated.