Q: Hi 5i.
I need to sell Headwater Exploration short term. Would like to continue to hold. What would you recommend as a proxy?
Thank you.
I need to sell Headwater Exploration short term. Would like to continue to hold. What would you recommend as a proxy?
Thank you.
5i Research Answer:
HWX is cheap, has lots of excess cash and offers a nice, growing dividend. We would not consider it too bad for industry exposure. We would suggest AAV as a similar-sized proxy.