Hemisphere Energy (HMENF) Update - April 20

Hemisphere Energy (HMENF) Update - April 20

Postby dan_s » Tue Apr 20, 2021 8:50 am

Yesterday (April 19) Don Simmons was on the Amvest Capital webinar. Link below is the replay.

HMENF is trading at $0.34US. My valuation is $1.20US and my valuation will increase after they announce Q4 audited financial results next week.

During the Q&A session Don said the upside potential of the polymer floods (when both Atlee Buffalo pools are converted) is a doubling of the Company's oil production. If that happens and WTI stays over $60/bbl the stock price should move over $3US.

Don's goal is to have Hemisphere debt free by mid-2022. Based on my forecast, they should be there by 3/31/2022.


If the above link won't work (might be unique to me), try this one:
Dan Steffens
Energy Prospectus Group
Posts: 25566
Joined: Fri Apr 23, 2010 8:22 am

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