Hocl - Highwood oil going to play catch up

Discussion in 'Canadian Stocks Message Boards' started by Copperrunner, Mar 8, 2021.

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  1. Copperrunner

    Copperrunner New Member

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    Only 6 million shares outstanding and insiders hold 77% of the float for a reason!! They added in November 2019 at $18.00/share and in December 2019 at $16.50/share currently trading at $5.30. Most of Debt if not all to be cleared this year after sale of clearwater and redwatet W.River is growing rapidly and is expected to add $4 million free cash flow this year alone! Also has many great opportunities the company is currently looking into!! Current production: 2,100 bbl/d and has room to do 2300 bbl/d. Expecting an $8-10mil pro forma operating facility.
     

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