Hyperion, HYX.v C$.89
Posted: Friday Jan 27 10:27:35AM 2012
Nice move up since I bought around C$.90. +.04 to C$1.09 Should have a nice Q4 and excellent Q1. Cardium is the key to high oil weighting and good netbacks.
Posted: Monday Jan 16 4:29:28PM 2012
http://hyperionexploration.com/financials/CorporatePresentation.pdf Hyperion is a small junior with rapidly growing production from Cardium oil sites. They reported 1050boepd in Q3 with 47% oil. In December, they reported exceeding 1500boepd and 67% oil. They just drilled and connected two Cardium wells that were outperforming expectations. Of course, these wells will rapidly deplete but again, these wells were doing better than area averages. If Hyperion can maintain 1500boepd, they will cashflow around .12/qtr. That means they are selling for 2X fwd cashflow. The markets have been cruel to juniors but this looks cheap and they are growing production.