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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (11679)	2/19/2015 3:37:16 PM
From: Goose94	Read Replies (1) \| Respond to of 203399

Hemisphere Energy (HME-V) Etienne Moshevich Many companies are implementing cost-cutting measures to ensure that they're able to survive the downturn. One company that is doing a remarkable job is Hemisphere Energy. Hemisphere announced record production last month, averaging over 1,000 boe/d, which not only proves the viability of the asset but also gives confidence to shareholders that the only reason Hemisphere's stock price has taken a haircut is because of the overall market, which no one can control. To minimize risk and control the treasury, Hemisphere has decided to offset its exposure and postpone drill plans for now. The company has no drilling commitments or material land expiries in 2015, and it has deferred drilling activity until the second half of 2015. Even at current oil prices, Hemisphere's production remains cash-flow positive due to low operating costs. Hemisphere is working to optimize its production base in the Jenner and Atlee Buffalo core areas while minimizing operating costs, so once the market does turn, the company will be perfectly positioned to take advantage of it. Investors need to know that the companies they've invested in are able to survive, and I have no doubt that Hemisphere will not only survive, but also flourish once the market moves.