EPG Podcast
Posted: Sun Sep 22, 2019 1:17 pm
At the end of the podcast I overstated Hemisphere Energy's operating cash flow per share in 2020.
Here are numbers from my forecast/valuation model, which you can download from our website.
HME.V closed at $0.15Cdn/share on Friday, September 20
Operating cash flow per share:
2018 Actual = $0.022
2019 Forecast = $0.165
2020 Forecast = $0.456 < in the podcast I said $0.60/share, but I was thinking of my current valuation of the stock.
Hemisphere reported $0.02 EPS in 1H 2019 and should report $0.05 to $0.07 EPS in 2H 2019.
If my forecast for 2020 turns out to be close to accurate, HME.V should trade for over $2.00Cdn per share at this time next year. So... you can see why I'm bringing it to your attentions.
If you live in Texas, you should attend our luncheon on October 9 in Houston or October 10 in Dallas to meet Don Simmons the company's CEO. I've talked to Don several times and his plan is to get Hemisphere's production over 3,000 barrels of crude oil per day and then put the company up for sale. The stars are lining up to support his plan.
Read the company's September 17th press release.
Here are numbers from my forecast/valuation model, which you can download from our website.
HME.V closed at $0.15Cdn/share on Friday, September 20
Operating cash flow per share:
2018 Actual = $0.022
2019 Forecast = $0.165
2020 Forecast = $0.456 < in the podcast I said $0.60/share, but I was thinking of my current valuation of the stock.
Hemisphere reported $0.02 EPS in 1H 2019 and should report $0.05 to $0.07 EPS in 2H 2019.
If my forecast for 2020 turns out to be close to accurate, HME.V should trade for over $2.00Cdn per share at this time next year. So... you can see why I'm bringing it to your attentions.
If you live in Texas, you should attend our luncheon on October 9 in Houston or October 10 in Dallas to meet Don Simmons the company's CEO. I've talked to Don several times and his plan is to get Hemisphere's production over 3,000 barrels of crude oil per day and then put the company up for sale. The stars are lining up to support his plan.
Read the company's September 17th press release.