RE:RE:RE:Results
Not too thrilled about results either - quite a mixed bag in fact. Unfortunately, this stock is a laggard. We'll be waiting as Miguel suggests until at least 2022 for any meaningful return. Most others in the sector have already had their V-shaped recoveries while HWO has not.
Someone mentioned TCW - they are already trading above BV. Conversely, HWO is currently trading at less than half BV. Truly undervalued here (from an investor's standpoint), especially with the oil/lng industry entering, what appears to be, a secular bull market.
Well, at least they didn't burn much cash in Q4. The $16.6mm revenues in Q4 are likely the nadir and we can expect things to improve as 2021 progresses. I don't mind waiting the year out - time seems to fly for me.
I'll be listening to the CC with pointed ears :)
Cheers,
JJ