Highwood Oil Co. Ltd. (TSE:HAM) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Highwood Asset Management Ltd. has raised its 2024 guidance due to successful drilling and stronger oil prices, increasing its capital plan to $60–65 million with expected production growth of over 50% per share. The company aims to maintain a net debt/EBITDA ratio of approximately 0.8x while also reducing debt by about 25% by the end of the year. This optimistic update reflects Highwood’s operational efficiency and favorable market conditions.
For further insights into TSE:HAM stock, check out TipRanks’ Stock Analysis page.