Friday's webinar (Sept 18)
Posted: Thu Sep 17, 2020 5:39 pm
You must register if you wish to attend tomorrow's live webinar. If your registration has not been confirmed already, send Sabrina an email at energyprospectus@gmail.com and she will send you the link to register.
Hemisphere Energy is hosting. Don Simmons, CEO will be speaking.
> On Monday we sent out an updated profile on Hemisphere Energy. You can also download it directly from the EPG home page. Read it before the webinar.
> Hemisphere is a small company, but it is generating a lot of free cash flow from operations.
> In Q2 when their oil only sold for $22.98/bbl their operating cash flow (net of interest expense and G&A) was $9.08/bbl. In Q3 is should be over $21/bbl. < Very few of our model portfolio companies can match this.
> 100% of their production is oil.
> It is not a shale company and it has an extremely low depletion rate. In fact, without completing any new wells in 2020, HME production should be up 5% year-over-year.
> My current valuation of the stock is 5X what it is trading for today.
After Don's update on the Company, we will both take questions.
Hemisphere Energy is hosting. Don Simmons, CEO will be speaking.
> On Monday we sent out an updated profile on Hemisphere Energy. You can also download it directly from the EPG home page. Read it before the webinar.
> Hemisphere is a small company, but it is generating a lot of free cash flow from operations.
> In Q2 when their oil only sold for $22.98/bbl their operating cash flow (net of interest expense and G&A) was $9.08/bbl. In Q3 is should be over $21/bbl. < Very few of our model portfolio companies can match this.
> 100% of their production is oil.
> It is not a shale company and it has an extremely low depletion rate. In fact, without completing any new wells in 2020, HME production should be up 5% year-over-year.
> My current valuation of the stock is 5X what it is trading for today.
After Don's update on the Company, we will both take questions.