Highwood Oil Co. Ltd. (TSE:HAM) has released an update.
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.
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