Stock price when the opinion was issued
Great exposure to the WCS-WTI gap shrinking this year as the Transmountain becomes fully operational later this year. The 6% dividend will grow 10-15% this year, and they plan to grow overall by 50% over 2023. Strong cash flow as they expand. Interesting exploration plans. Fantastic results.
(Analysts’ price target is $8.88)
Our PAST TOP PICK with HWX is progressing well. To remain disciplined, we recommend trailing up the stop (from $4.75) to $6.25 at this time.