HighPeak Energy: Ready To Rally, Catch It If You Can
@Fluidsdoc:
SummaryHighPeak Energy sold off due to trimming their production forecast. As with many companies, this was an overreaction.HPK has very strong fundamentals, including an 85% oil cut in their core area that enables 12,000' laterals.We rate the company as a Strong Buy maintaining our call last year.Young man refueling his vehicle while looking worried at the high gas prices.IntroductionI don't do this enough-revisit a former pick to see how it's doing. Back in October, I picked HighPeak Energy, Inc. (NASDAQ:HPK) as a strong buy. I am pretty conservative and rarely rate a company that highly. I couldn't find a fault in their business model, and with oil prices in the $90's then, I made a bullish forecast based on their EV/EBITDA metrics at the time. Quoting myself from the article:Using the