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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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Equity Bottom-Up

<div><ul><li>HighPeak’s long-term focus is on responsibly managing capital outlays in tandem with a goal of reducing absolute debt levels over time. </li><li>On its earnings call on November 5, 2025, Hollis, who was elevated to the CEO role upon the retirement of Jack Hightower, laid out management’s operating guideposts in a variety of oil price environments.</li><li>In a base-case scenario with oil prices ranging from $60-70/bbl, management expects to maintain production levels and generate free cash flow that would be used to reduce debt. </li></ul></div>

HighPeak’s long-term focus is on responsibly managing capital outlays in tandem with a goal of reducing absolute debt levels over time. On its earnings call on November 5, 2025, Hollis, who was elevated to the CEO role upon the retirement of Jack Hightower, laid out management’s operating guideposts in a variety of oil price environments.In a base-case scenario with oil prices ranging from $60-70/bbl, management expects to maintain production levels and generate free cash flow that would be used to reduce debt. 

HPK: Adapting Operating Philosophy to Concentrate on Debt Reduction

HighPeak Energy Inc

HPK: Adapting Operating Philosophy to Concentrate on Debt Reduction