Post by
Bennys65 on May 28, 2023 11:45am
2024
Spent some time trying to get a sense of 2024.Looking at hwx presentation, slide three, developement strategy,we can see they already know how big west martin hills,west nipisi, and greater peavine are.Lots of inventory for 10 years plus.They show at 75 wti,we average 20,000 bpd in 2024 grow at 11% and free cash flow doubles.Easy 50% increase in the div next year.If oil does what some say the numbers just get bigger.No waterflood baked in,no other horizons,three in west martin hills, accounted for.Nothing acounted for more exploration success.Ian Dundas says we are in the sixth inning in the clearwater so lots of room for improvements going forward.TVE just says it is early days for the clearwater.Spur said in their presentation they are making money so fast they cant spend it,which is why they had a 5.00 div last year.All in it is impossible to really know where this goes but Ithink hwx in their presentation is being very conservative.
Comment by
GoJerez2 on May 28, 2023 1:52pm
It's been amazing. Management has been remarkable at executing their business plan. Benny why do you thinking the share price will be according to your guess? We've been range bound ... possibly accumulation. I'm surprised we haven't jumped to the next leg up. Maybe this fall hopefully.
Comment by
Bennys65 on May 28, 2023 1:58pm
Hard to make sense of share prices in this market.We are through the 30 and 90 day so with a normal oil market 7 seems very doable shorterm.
Comment by
GoJerez2 on May 29, 2023 12:19am
Thank you Benny yes we keep edging higher. The trend is our friend for sure. independent of the oil price I expected the results to push the share price further. I guess the macro risk factors are holding things down. We should catapult to the next level soon.