Post by
Bennys65 on Jan 04, 2025 4:42am
HWX and tve
TVE is finally getting the recognition it deserves.With that comes the growing understanding in the market of how the clearwater and its water flood is from a PIR level so much better than its peers.HWX was not early on able to act as a clearwater consolidator, underbidder to tve purchase of deltastream,and has turned to organic growth as plan B.The share price has stalled as a result Going forward I am looking to two things that might change that There is little recognition for the potential of exploration success so far.Seal is going to dvelopment this year with 5 to 10 wells planned. Little horse is looking strong and will look stronger with sucess in the north and clay looks like it has legs When will this be priced into the stock I dont know but there is a lot of value there The sleeper is the expanded waterflood program this year Buy the end of 2025 505 of hwx will be under waterflood.That means there will be no decline and in some cases increased production which frees up a lot of sustaining capital to go to increased cap ex and more production or bigger div increases, although was very happy with 10% recently I was suprized at how long it took the market to wake up to tve Lets see how long before hwx gets the same attention On fri we crossed the 30 and 90 day moving average next week might get interesting.
Comment by
Bennys65 on Jan 04, 2025 5:16am
Should read buy end of 2025 50% of production under water flood