Hemisphere Energy Corporation
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in mil. unless spec.Company Description
- CEO
- Don J. Simmons
- Full Time Employees
- 9
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 905 West Pender Street Vancouver BC Canada V6C 1L6
- IPO Date
- Mar 25, 2015
- Website
- hemisphereenergy.ca
- Similar Companies
- Business
- Hemisphere Energy Corporation (TSXV:HME; OTCQX:HMENF) is a Canadian oil company focused on the acquisition, exploration, development, and production of petroleum and natural gas properties, specializing in conventional heavy oil assets through polymer flood enhanced oil recovery methods; waterflood techniques; and low-cost operational development to maximize production and recovery from low-decline pools. The company owns and operates 100% interests in its core Atlee Buffalo area in southeast Alberta, approximately 85 kilometers north of Medicine Hat, featuring three delineated oil pools supported by vertical wells and 3D seismic data; the Jenner property in southeast Alberta; and the Marsden property, where it plans development wells to test additional oil zones. Founded in 1977 and headquartered in Vancouver, British Columbia, Hemisphere targets high netback heavy oil production for dividend-paying shareholders, with operations confined to western Canada and a wholly owned subsidiary, Hemi Energy Inc. Recent developments include the renewal of its Normal Course Issuer Bid in July 2025, approved by the TSX Venture Exchange to repurchase up to 7,934,731 common shares representing 10% of its public float through July 2026, following the prior bid's purchase of 3,624,700 shares at a weighted average price of C$1.793; the announcement of 2025 third quarter results with a declared quarterly dividend and plans to return at least $21.6 million to shareholders in 2025; a drilling program commencing late in the third quarter of 2025 featuring several development wells in Atlee Buffalo and at least one new well in Marsden; and second quarter 2025 results highlighting adjusted funds flow, free funds flow, and operational netbacks amid sustained production growth.
Company News
Hemisphere Energy Provides Further Update on Atlee Buffalo Operations
Hemisphere Energy Responds to Incident at Atlee Buffalo Oil Battery
Hemisphere Energy Declares Quarterly Dividend, Announces 2026 Second Quarter Results, and Provides Operations Update
Hemisphere Energy: Still Attractive, But $100 WTI Is No Longer The Base Case
Hemisphere Energy Announces Normal Course Issuer Bid Renewal
Hemisphere Energy Announces Results from Annual General and Special Meeting of Shareholders
Hemisphere Energy: Higher Oil Prices Turn The Dividend Story More Attractive
Hemisphere Energy Declares Quarterly Dividend, Announces 2026 First Quarter Results and Provides Guidance Update
Hemisphere Energy Declares Special Dividend and Announces 2025 Fourth Quarter and Year-End Financial and Operating Results
Hemisphere Energy Declares Special Dividend and Announces 2025 Year-end Reserves
Hemisphere Energy: The 'No Drama' Stock In Your Retirement Portfolio
Hemisphere Energy Declares Quarterly Dividend, Announces 2026 Guidance, and Provides Corporate Update
Hemisphere Energy Grants Incentive Restricted Share Units and Stock Options
Hemisphere Energy Announces 2025 Third Quarter Results, Declares Quarterly Dividend, and Provides Operations Update
Hemisphere Energy: Strong Balance Sheet, Weak Oil Environment
A Dividend Investor's Dream Stock: Hemisphere Energy
Hemisphere Energy Announces 2025 Second Quarter Results, Declares Quarterly Dividend, and Provides Operations Update
Hemisphere Energy Declares Special Dividend
Hemisphere Energy Announces Normal Course Issuer Bid Renewal
Two Canadian Microcaps Trading At High Free Cash Yields