Chefboy69 wrote: I have started to buy this...I now know why CDN oil stocks have been hit...its just not the price of oil dropping..its also the price of WCS( Western Canadian select) has dropped even more
currently $50 from a high of $100....basically a 50% haircut...
that is why every CDN oil stock has taken a bath...But this is all tempory in my opinion
and a lot of others...i think we see 90 oil in 3 months..i could be wrong but the upside to this stock is insane
at $80- $2.50-$3
at $90-$3.00-$4.00
at 100 oil - $4.00- $5.00
scroll to 1:18:49 on vid clip
crazy amount of info here on all oil companies...
https://www.youtube.com/watch?v=eUo7HoG_V2Q&t=11463s Here is directly from latest fins....
Paid off all bank debt. Produced an average of 2,870 boe/d (99% heavy oil), a 72% increase over the third quarter of 2021.
Attained quarterly revenue of $23.7 million, a 127% increase over the third quarter of 2021.
Delivered an operating field netback1 of $49.95/boe, 27% higher than in the third quarter of 2021.
Realized adjusted funds flow from operations (AFF)1 of $10.6 million (.10 per diluted share), a 162% increase over the comparable period in 2021.
Achieved free funds flow1 of $6 million (.06 per diluted share), representing a 725% increase over the comparable period in 2021.
Lowered net debt1 at the end of the quarter to .7 million from $18.2 million at the end of September 2021, representing a 96% reduction year-over-year.
Paid Hemisphere's quarterly variable dividend of .025 per share on September 7, 2022 for an annualized yield based on market price at the time of 6.5%.
Acquired and cancelled 393,800 Hemisphere shares as part of the corporate NCIB at an average price of $1.55.