RE:RE:small oilers are rare todayOne could compare GXE to HWX but only for a day or two. HWX will blast by GXE from production and cash flow and price. Both produce in that under 10K range, both around 7K I guess. bur HWX has a whacko of cash and one asset so it will drill the hell out of Marten Hills and within a few years will double or more production and level out around15,000 bopd in only a few years. That to me is the better play, but you pay up for it. HWX is a one asset play but that asset looks great but we don't know how big it is. I suspect the size is enormous and most likely covers the majority of the near 300 sections there they own. A big potential.
so in comparison, HWX produces more, for less and will grow faster, I better long term hold if you go the stones to own a really good asset but of unknown size. Gear is a simple outfit without that stellar play. but it is cheap at $70 oil and no telling if maybe Tableland turns around and grows or they buy another area play.. they will have money to spend and they are well aware of the asset quality they lack.
My idea and it ain't new or rocket science, is to own a basket of juniors, aav, kel, srx, gxe, hwx, meg and I always own one exploration play, soley for that multi bagger potential quick like. Plenty more are attractive as both oil and natgas are returning big cash to the companies so look for only quality and over weight the sector as I have the last two+ years I guess
best three gas companies to me are AAV, SRX and KEL in that order, TOU is best of breed but less torque
best oilers to own are GXE HWX and MEG and WCP is great too but less torque.