Stock price when the opinion was issued
Company's done nothing wrong, excellent balance sheet. Hard-pressed to find an oil company stock chart that's up while oil is down. Still believes in the great strides it's making. Yield is ~7%, fully defendable down to ~$53/barrel. Total return will be fine, even if oil price is not doing too well.
It is an under-the-radar company in Clearwater which is an economic heavy oil play. It has a very good land position with a multi year inventory of production assets. It is well managed and he is looking for a good upside of 35% in the stock price. Buy 7 Hold 2 Sell 0
(Analysts’ price target is $8.72)
A high-quality small-cap. They've had good success with water floods. They pay a sustainable 7% dividend yield. You're paid to wait. Overall, he's neutral to bearish on oil for 9 months. The market needs to absorb the OPEC supply. HWX is debt-free.