What Happens When a Debt-Free Micro-Cap Meets a Massive Crude Spike?

If there is one thing energy investors love more than a surging crude price, it is a management team that actually knows what to do with the windfall. With West Texas Intermediate (WTI) crude suddenly knocking on the door of $100 per barrel amidst recent Middle Eastern tanker disruptions, the market is scrambling to find pure-play leverage. But if you are hunting for a clean, debt-free vehicle to ride this wave, the answer might be hiding in plain sight in the Canadian micro-cap space.

Not Your Grandfather's Drill Bit

Before diving into the balance sheet, it is crucial to understand exactly how Hemisphere Energy (TSXV: HME | OTCQX: HMENF) pulls its crude out of the ground.