Webinar Today at 11AM CT - March 31

[dan_s]

Hemisphere Energy's CEO is going to update us on their 2021 drilling program.

HMENF is trading at $0.32US this morning. My valuation is $1.20US today, with a lot more upside if their polymer flood works.
Why?
> Hemisphere generated 2.4% production growth in 2020 and over $8 million of free cash flow, most of which was used to pay down debt.
> Their balance sheet is in good shape. NO DEBT PROBLEMS.
> 1H 2021 operating cash flow will cover all of this year's capital program that should increase production by 800 BOPD from Q4 2020 to Q4 2021
> PV10 value of just the Company's Proved reserves is $2.23Cdn per basic share (~$1.76US/share).
> In "Post Pandemic World" Hemisphere should have many years of self-funded double digit production growth.

[grimaldi]

But on the Acela in the Quiet car. Will watch replay.
JH