Nighthawk Energy can now afford lunch
Nighthawk Energy (HAWK:LSE) the North American based explorer and hydrocarbon production and development company, is a stock I have been watching all summer. For most of that time I have watched the share price gently slide ever lower, is that about to change?
Apart from the completely irrelevant fact that any company named after a ‘Tom Waits’ track plucks on a heart string in by book, revenue has just jumped 3 fold and about time.
According to the company “Nighthawk is in a better financial position than at any time in its history and funds are in place for the development of its core projects for at least the next 12 months,” the company said, adding that it remains debt free. They also commented that operating losses were reduced by some 42 per cent as it continued with an ‘aggressive development and drilling programme.’
Perhaps those many depressed shareholders will have something to feel jolly about soon, excuse the well-worn pun.
Maybe it’s time to take a seat at the table?
A Virgin Trader
I think this has got potential but still a risk for sure. I did expect the sp to move today. Don’t know why it did not given the news
stoki2
I’ve had these for a while and still carrying a loss. Here’s hoping.
flatman
If the BB’s are anything to go by which they are not. It is happy days.
flatman