RE:RE:RE:RE:Short PositionsOk...I will bite,
HAM is definitely risky with high debt load and large $ 40 million CAPEX plans.
However, the company has no choice but to drill in order to retire the debt. The
compnany is producing at 5,000 bpd which is just below the 2024 budgeted production
of 5,200 bpd.. Given the current production level and 2024 CAPEX, the budgeted production
levels seem quite doable and given $ 80 WTI, the budgeted 2024 revenue seems reasonable.
it was been a month and half since the last NR. Given all the planned activities,it would be
nice to know how things are progressing.
i noticed today that only 500 shares were traded on the Toronto exchange.
Despite the risk associated with a junior oil producer, I still feel shorts are very vulnerable.