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1. Company Snapshot

1.a. Company Description

Houston American Energy Corp., an independent oil and gas company, engages in the exploration, development, and production of natural gas, crude oil, and condensate in the United States.Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia.As of December 31, 2021, the company owned interests in four gross wells.


Houston American Energy Corp.was incorporated in 2001 and is based in Houston, Texas.

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1.b. Last Insights on HUSA

Houston American Energy Corp.'s recent performance has been negatively impacted by concerns over the fairness of its merger with Abundia Global Impact Group, LLC, with law firms Halper Sadeh LLC and Kahn Swick & Foti, LLC investigating the deal on behalf of shareholders. The company's recent registered direct offering of $4.42 million, led by Univest Securities, LLC, may have also raised concerns about dilution. Furthermore, the acquisition of Abundia Global Impact Group, LLC, while expanding the company's portfolio into renewable fuels and chemicals, may pose integration risks and uncertainty.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Houston American Energy (NYSEAMERICAN:HUSA) Stock Price Down 4.5% – Time to Sell?

Dec -03

Source: defenseworld.net

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HOUSTON AMERICAN ENERGY CORP. ANNOUNCES COMPLETION OF $8 MILLION REGISTERED DIRECT OFFERING TO INSTITUTIONAL INVESTORS

Nov -24

Source: globenewswire.com

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Houston American Energy Corp. Announces $8.0 Million Registered Direct Offering

Nov -20

Source: globenewswire.com

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Houston American Energy Corp. Announces Restructuring of Debt Through Strategic Investor Buyout

Nov -12

Source: globenewswire.com

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Houston American Energy Corp. Breaks Ground on Renewable Energy Complex at Cedar Port

Oct -29

Source: globenewswire.com

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Houston American Energy Corp. Announces First Revenue from State Finkle Unit Wells

Sep -25

Source: globenewswire.com

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Timing Update: Houston American Energy Corp. to Host Inaugural Investor Fireside Chat at 2:00 p.m. ET

Sep -15

Source: globenewswire.com

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Houston American Energy Corp. to Host Inaugural Investor Fireside Chat, Highlighting Strategic Roadmap for Abundia

Sep -15

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Oil

Expected Growth: 4.5%

Increasing global energy demand, rising oil prices, and strategic expansion in Latin America are expected to drive Houston American Energy Corp.'s growth.

Natural Gas Liquids

Expected Growth: 4.5%

Increasing demand for petrochemicals, growing use of natural gas liquids as a feedstock, and Houston American Energy Corp.'s strategic expansion into high-growth markets drive the growth of natural gas liquids segment.

Natural Gas

Expected Growth: 4.8%

Increasing demand for clean energy, growing industrial and commercial usage, and rising exploration activities in the Permian Basin drive the growth of natural gas production from Houston American Energy Corp.

7. Detailed Products

Crude Oil

Houston American Energy Corp. is involved in the exploration, development, and production of crude oil in the United States, primarily in Texas and Louisiana.

Natural Gas

The company explores, develops, and produces natural gas in the United States, primarily in Texas and Louisiana.

Natural Gas Liquids (NGLs)

Houston American Energy Corp. produces NGLs, including ethane, propane, and butane, as a byproduct of natural gas production.

Oil and Gas Exploration Services

The company provides exploration and production services, including seismic data analysis, drilling, and well completion.

8. Houston American Energy Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Houston American Energy Corp. is medium due to the availability of alternative energy sources.

Bargaining Power Of Customers

The bargaining power of customers for Houston American Energy Corp. is low due to the company's strong market position and limited customer concentration.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Houston American Energy Corp. is medium due to the presence of multiple suppliers and moderate switching costs.

Threat Of New Entrants

The threat of new entrants for Houston American Energy Corp. is high due to the relatively low barriers to entry in the energy industry.

Intensity Of Rivalry

The intensity of rivalry for Houston American Energy Corp. is high due to the presence of several established competitors in the energy industry.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 1.44%
Debt Cost 3.95%
Equity Weight 98.56%
Equity Cost 6.53%
WACC 6.50%
Leverage 1.46%

11. Quality Control: Houston American Energy Corp. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Tellurian

A-Score: 3.7/10

Value: 7.0

Growth: 6.1

Quality: 3.5

Yield: 0.0

Momentum: 5.0

Volatility: 0.3

1-Year Total Return ->

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Stock-Card
W&T Offshore

A-Score: 3.4/10

Value: 7.4

Growth: 1.1

Quality: 4.4

Yield: 2.0

Momentum: 3.0

Volatility: 2.3

1-Year Total Return ->

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Stock-Card
Vivakor

A-Score: 3.3/10

Value: 9.8

Growth: 6.4

Quality: 3.6

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

View Full Report
Stock-Card
Empire Petroleum

A-Score: 3.3/10

Value: 7.4

Growth: 5.3

Quality: 2.9

Yield: 0.0

Momentum: 2.0

Volatility: 2.0

1-Year Total Return ->

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Stock-Card
Battalion Oil

A-Score: 2.8/10

Value: 9.7

Growth: 3.1

Quality: 3.7

Yield: 0.0

Momentum: 0.0

Volatility: 0.3

1-Year Total Return ->

View Full Report
Stock-Card
Houston American Energy

A-Score: 2.0/10

Value: 7.4

Growth: 1.7

Quality: 3.1

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

2.16$

Current Price

2.16$

Potential

-0.00%

Expected Cash-Flows