pharmin- Since BEXP does prove an exploration company hitting the right wells can go from a $50 million market cap, to a $6 billion buyout (debt included) in just four years, $20 a share is not out of the realm of Possibility for HENC. However, I would not buy the stock at this time, based only on the $20 happening. I am convinced that HENC, due to insiders controlling about 70%, will likely be a prime buyout candidate rather than a growing E&P company, (at least I hope so) with significant early discoveries. Just like BEXP was.
On BEXP. They got their whole value based on their lucky positioning in the Baaken Play in the Williston basin. Their wells were very deep, cost in excess of $14 million each and came in between 500 and 1800 barrels a day. Plus their oil was priced along the line of WTI, not the higher priced Brent as Cooper oil is. Due to the high cost of drilling those deep wells, they also had partners. If I remember right, their share net was barely above 50% with a net acreage position at the time of buyout in the 25 thousand acres, or just a small fraction of HENC's.
News 
Market Data 
Discover 
AI
