November 28 Luncheon in Houston

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November 28 Luncheon in Houston

Post by dan_s »

Don Simmons, CEO of Hemisphere Energy (HMENF) will be coming to Houston to give us an update on Hemisphere's drilling program and his outlook for 2023.

Hemisphere is one of my Top Picks in our Small-Cap Growth Portfolio.
> The share price is up almost 600% since 2022 ($0.22Cdn to $1.52Cdn)
> Production is up from 1,704 Boepd in 2020 to 2,900 Boepd in Q3 2022 and on-track for a 2022 exit rate over 3,200 Boepd.
> It has a clear path to 4,000 Boepd in 2024
> The Company is now debt free (Current Assets exceed Total Debt)
> 2022 free cash flow is expected to exceed $36Cdn million.
> The Company pays quarterly dividends, which I expect them to increase now that they have no more debt.

This luncheon will be free for EPG members and non-members are welcome to attend for $25/per person to cover the cost of the lunch.
See the EPG website for luncheon details and to register.
My current valuation of HME.V is $4.25Cdn (180% above the current share price)
Dan Steffens
Energy Prospectus Group
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