TSX:HSE.PR.B - Post by User
Post by
jwallingfon Jul 03, 2019 2:08pm
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Post# 29884008
It's a buy
It's a buyThey've beaten estimates 3 out of the last 4 quarters. P/E around 9 (TTM) and forward P/E around 10 based on estimates. P/CF about 3 (TTM), yielding 4%. C$3.23 in cash per share (MRQ). The sale of the refinery will only add to the cash pile. They have to do something with all that money. "He added excess cash is earmarked for higher shareholder dividends." (CEO quote, Globe & Mail, May 28, 2019).