Thanks, Michael! I'm new to the Canadian O&G space and sincerely appreciate your review of Headwater. As the company is debt free, and appears to have been debt free for at least the last 5 years, the question begs asking: what is the company doing with all its FCF? From what I can tell the company isn't paying a dividend. Are they buying back shares? Has the company said what they plan to do with the millions in cash on their books?
Also, can I twist your arm to do more of these reviews, for other Canadian O&G companies you favor or that are in your portfolio? As I say, I am new to the space and eager to read and learn more!
Thanks, Michael! I'm new to the Canadian O&G space and sincerely appreciate your review of Headwater. As the company is debt free, and appears to have been debt free for at least the last 5 years, the question begs asking: what is the company doing with all its FCF? From what I can tell the company isn't paying a dividend. Are they buying back shares? Has the company said what they plan to do with the millions in cash on their books?
Also, can I twist your arm to do more of these reviews, for other Canadian O&G companies you favor or that are in your portfolio? As I say, I am new to the space and eager to read and learn more!
Fantastic Thanks Michael. Great insight on Headwater definitely one for the portfolio.