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Houston American Energy Corp. (HUSA)

NYSE American - Nasdaq Real Time Price. Currency in USD
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1.4528-0.0872 (-5.66%)
At close: 03:47PM EST
1.4200 -0.03 (-2.26%)
After hours: 06:42PM EST
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  • E
    Ed
    Does any long term bag holders have any intuition on what we can dream of in the next 6 months? I need to find some tax loss and some of my HUSA is on the chopping block. Need some guidance which I know will not come from JT.
  • E
    Ed
    Suggestion to JT.. just convert the rest of our cash into BITCoin. Then we could pay you in crypto currency.. and you could avoid any taxes. The shareholders would at least have a lottery style chance at some capital appreciation. I might vote for it.
  • E
    Ed
    How much more tax selling can there be? Should not be much at all since the shares have not appreciated at all in the past 52 weeks. We need for JT to express his plan to pull us out of the hole. Since share holders are not willing to allow more shares to sell then why not convert what we have into Bit Coin and let our value float. He could be paid in crypto and our value may actually go up in the next 52 weeks.. We certainly will not go up if he depends on the existing depleting oil wells.
  • A
    AA
    Today is just the beginning $3.50 and up coming this week from tomorrow
  • E
    Ed
    Can someone tell me if they released the earnings report. They have been so embarrassed in recent quarters by their earnings that they do not publish them other than submitting them to the SEC and perhaps their website.
  • A
    AA
    To the moon
  • C
    Coxman
    Recaf production drilling in Jan. Time to get in cheap
  • E
    Ed
    did I ask for your input?
  • A
    AA
    Good morning everyone and congratulations this is the time we where waiting for international flights are back up again Opec has raised prices and fixed output in a more controlled manner HUSA to the moon starting today this is going over $5
    Bullish
  • J
    John
    Greetings all. Just noticed that HUSA did a stock split and that Mr. Terwilliger is coming back as CEO. Great news. Happy to see it. I met Mr. Terwilliger at one of the last shareholder meetings he hosted. The wife and I really enjoyed that meeting. It was in the old Magnolia Hotel there in Houston.

    It would be nice to do the next one back there again for old times' sake. I hope he considers it as a way to get the old crew back together again and maybe get some new investors.

    I see the market value of the company is still a little in excess of $10 million. It used to have no debt. Does anyone know if the no debt part is still the case?

    Think I will buy some shares and start following the company again now that Mr. Terwilliger is back. I wish him well and I have confidence he can and will put the company back in a slow, but steady, growth pattern.

    At some point maybe they can get options going on HUSA. That would certainly make the current share price even more interesting.

    Cropduster
  • J
    Jonathan
    I am guessing they are going to come out with some good news in coming months and what we saw today was a strong short squeeze.
  • B
    Booker
    The price looks good but man the atm to fund everything is holding this down heavily. We raised 3m share in atm over a quarter under .20 a share plus shoovener investment. Hopefully Colombia lousiana Permian prove foot on the upcoming wells will definitely double rev. But where has good new put us power with atm
  • E
    Edward
    HUSA is Gold...BUY AND HOLD! Bought 35,000 shares and will continue adding. Price will not stay this low for long. See the BIGGER picture smart investors: Jim Schoonover, CEO of Houston American Energy, stated, "We are in the midst of a three phase plan designed to return Houston American to sustainable revenue growth, profitability and growth in shareholder value.  Phase One, focused on reducing our overhead, has resulted in a substantial decrease in our general and administrative expenses since 2017.  Phase Two, focused on identifying and committing to projects that offer both scale and revenue potential necessary to regain sustained profitability, has resulted in recent acquisitions of positions in acreage covering more than 645,000 gross acres, including two San Andres projects in the Midland sub-basin of the Permian Basin plus the CPO-11 block in Colombia.  Having executed on Phases One and Two, we are now focused on Phase Three, executing on the development of these newly acquired assets, while continuing to identify new opportunities."
  • E
    Edward
    Was planning on selling HUSA but now this stock is a BUY and HOLD for me. Clearly current events are going cause a continuing increase in price along with news from the company. So glad I didn't sell yesterday when the price dipped. If it dips again I will just continue buying more shares. All the best. Let's all make some money!
    Bullish
  • D
    Dorian
    So much for the Montuno-1 well: "The Montuno-1 exploration well was drilled and abandoned. Parex expects to analyze and calibrate the well results to the existing 2D seismic data prior to future exploration activity." https://parexresources.com/newsroom/news/?r_id=1998431
  • D
    Dorian
    This latest annoucement was a welcome surprise: a share in a large block of new Colombian acreage with three wells planned between Nov. 2019 - Feb. 2020. Unlike our latest crop of partners, we know Hupecol can execute its plans and Parex Resources looks very promising. Per its website, Parex has interests in 2.3 million acres across 23 onshore blocks in Colombia and is publicly-held so we can expect some transparency. It's also active with a good success rate in Colombia: the 2018 annual report mentions success rates of 81% (13 of 17 wells FY2016), 91% (32 of 38 FY2017) & 86% (42 of 54 FY2018).

    I wonder though, given there was no mention of cost, if the share in this CPO-11 block is in addition to, or a swap for, our long-held Colombia acreage.
  • M
    Mitchell
    @Edward I spoke to HUSA yesterday and they have been busy. Announcements will be forth coming within the next 3 weeks. There are some very exciting things going on not only in west Texas but a couple wells in Louisiana and some great progress in Columbia. Just a few more weeks and we will all see what they have been doing. There is no bad news going, I'm confident. I've been trading HUSA for over 5 yrs now and have made good money doing it. I am currently holding over 400K shares and can't hardly wait to see what happens next. I don't think we will have a permanent CEO for the next 18 months. There is a lot to be read into that statement, FYI. IMO
  • B
    BrilliantTrader
    Just saw on Stocktwits, HUSA website now has a photo of First Yoakum County Well. Best to check it out. Great news!
  • D
    Dorian
    Q3 10-Q comments:

    I was happy - and a little surprised - to see higher revenues than Q2 given HUSA's continued silence on promised Frost 1H production specifics. The $0.02/sh loss wasn't as nice, though not unexpected.

    A few questions were answered: the unnamed Bridge Loan holder must be Terwilliger as he's the only 10% shareholder of the Company. We paid $100K for the new Colombia project - Hupecol Meta Acquisition. David was correct in that this is an addition to the pre-existing Colombian leases, the disposition of which are still being negotiated.

    Questions remain, though at this point we'll probably never learn Frost #1H initial flow rates even though it's been producing for six months. There's no update on the second Yoakum well which "the operator in Yoakum County has committed to drill...during 2019" per the last 10-K. Also, since there was no new reported Reeves County drilling, it appears we're set to lose 320 gross (50 net) acres of those leases which are set to expire 12/31/2019 "unless production from the acreage has been established prior to such date." I cannot imagine we could get a producing well within 45 days. And there was no update on the 19K ft test well on the East and West Baton Rouge Parishes land leased to a third party.
  • D
    Dorian
    Bad news about one of the Colombian wells: "CPO-11 (WI 50%) The Daisy-1 exploration well was drilled, tested and abandoned." Plus side: Parex expects to drill Montuno-1 this month. https://parexresources.com/newsroom/news/?r_id=1981478
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