TSXV:HWK.A - Post by User
Post by
UptownGirlon Aug 31, 2013 9:06am
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Post# 21711400
Q2 Summary
Q2 Summary
Here's a very brief summary of v.HWK's operations and finances as released in their Q2 financials and MD&A.
At the current share price of 0.40, HWK appears undervalued based on traditional metrics.
- reported record Q2 cash flow of $1.6 mil. or 0.05 per share (26% increase over Q2 in 2012)
- 6 month cash flow of 0.08 / share
- net income of $300,000 (0.01 / share), a 600% increase over Q2 in 2012
- Q2 average production of 628 boed; again a record; 29% increase over Q2/2012...this was the fifth consecutive quarter of increased production
- current production of 700 boed (Sask./Alta.)
- debt:annualized cash flow of 0.8:1
Given Hawk's steady growth in production (from low risk properties) and attractive financial metrics including trading under 3 x estimated annualized cash flow and very low debt to cash flow ratio (0.8:1) while recording net income, the current sp of 0.40 presents an attractive entry point into HWK.v.