RE:Free cash flow I've compared Essential with High Arctic and I got the following:
High Artic free cash flow in last 4 quarters is $10.1 m
High Artic enterprise value is =~ $40.74 m
free cash flow : enterprise value =~ 24.79%
Essential Energy free cash flow : $20.14 m
Essential Energy enterprise value: $30.25 m
free cash flow : enterprise value : 66.57%
In all of my years investing I have rarely been so bullish on the oil sector and more specifically Essential Energy.