TSXV:HWK.A - Post by User
Post by
perdikaoilgason Jul 20, 2015 11:30am
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Post# 23940649
NAV at C$0.83/share, US$4.8/boe of 2P Reserves (90% oil)
NAV at C$0.83/share, US$4.8/boe of 2P Reserves (90% oil)See the new presentation, NAV stands at C$0.83.
And the key is that the company will generate Free cash flow about C$1.5 million during the remainder of 2015. See my previous post. This cash will go to the debt reduction by year end and will also increase further the company's liquidity. WCS has risen about 30% since Q1, according to the company's PR.
Now Hawk has EV at US$14 million (market cap + net debt) and owns 2.9 MMboe 2P reserves (90% oil).
So it trades just US$4.8/boe of 2P reserves! This is very cheap for 90% oily reserves!
The new presentation where there is the company's NAV:
https://www.hawkexploration.ca/HawkJune2015CorpPre2.pdf
The company's 2P reserves:
https://www.hawkexploration.ca/PR2014ReservesReport.pdf