RE:RE:RE:Eric is presently underwater on HWXI know you have a history of trolling behaviour, so I should refrain from replying, but I will anyway.
I believe Nuttall bought in the high 5s and low 6s. He's green.
I bought just before and during the pandemic (back when it was called corridor after the recapitalization) and have a little on just over 1 million shares. I've been following Neil Roszell around the oilpatch for decades, and I wasn't going to miss this opportunity.
HWX started paying a quarterly dividend of 40 cents a share Jan 15. So this means over $400k/year in dividends or $100,000 per quarter.
This from a company with no debt, cash in the bank, rapid growth, one of the best oilmen in recent history running the show, and on the verge of announcing a large discovery on recent drilling.
I don't feel very foolish. I think I'll hold on, but thanks for the advice.
Kherson wrote: marketsense wrote: Well, thank you for your opinion but I wouldn't count HWX out because Eric has
concerns over low inventory. There are 3 important positives to keep in mind with
regards to HWX.
1. they are debt free with a substantial credit line available to them at their discretion
2. they are loaded with cash
3. they have a very astute ceo in Roszell and a smart mgmt group that is very
experienced in the oil patch. These guys are company builders but with a
distinct leaning towards being very prudent in their approach.
So my feeling is that HWX growth may not be as spectacular as TVE or BTE, it
will still be impressive with a lot less risk. Eric always looks for the highest beta
in his picks. TVE has taken on a lot of debt for their Clearwater acquisitions and
BTE is still loaded with debt left over from previous years. HWX growth is on track regardless of any more Cleawater discoveries which if they were to happen, would
only add to an already decent existing growth profile. Bottom line, not worried
but that said, I like both BTE and TVE for their potential.
You sound just like the fools who were buying Headwater back in the first week of November! How did that workout for them?
Too funny...
Kherson