- Highpeak reported a preliminary 4Q21 production range that is above Street consensus.
- Highpeak had more wells in progress at year end 2021 than it completed in the year, auguring well for 2022's expected production ramp.
- Highpeak trades at low multiples to our Base and Stretch oil price cases for 2022 and is extremely inexpensive on a Strip case.
- The company offers oily growth and potentially catalytic news while maintaining a strong balance sheet and offering a small dividend.
For further details see:
HighPeak Energy Operations Update - Rapid Oil Growth Is At Hand