Headwater Exploration Inc T.HWX

Alternate Symbol(s): CDDRF

Energy Oil & Gas E&P

Headwater Exploration Inc. is a Canada-based resource company, which is engaged in the exploration and development and production of petroleum and natural gas in Canada. The Company's core operating areas are Marten Hills and McCully Field. Marten Hills is located approximately 250 kilometers (km) north of Edmonton, Alberta, within the Clearwater play. It owns approximately 270 sections of Clearwater rights. The McCully Field is located approximately 10 km northeast of Sussex, New Brunswick, in the farming community of Penobsquis. It owns and operates a natural gas processing plant, with a processing capacity of about 35 million standard cubic feet per day (mmscfpd), and a 50 km transmission line connected to the Maritimes and Northeast pipeline. The Company has oil production, reserves, and lands in the Clearwater play in the Marten Hills area of Alberta as well as low decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick.

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Headwater Exploration Inc > Q3 earnings are Nov 9th after market

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Comment by riskion Nov 02, 2023 2:30pm

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Post# 35714177

RE:RE:RE:Q3 earnings are Nov 9th after market

Bottom line: Don't expect a dividend raise during this Q3 report.

riski wrote: Agreed Benny. This has been high growth since the outset and it looks like Neil is going to keep that going with the latest developments. This shouldn't be surprising since growth has been his calling card since he came in to the oil patch. He is a builder with high pace production growth and savvy acquisitions.

What was surprising was the dividend announcement a year ago, especially the size of the dividend. He's never been a dividend guy and prefers to use cash to build. Nobody saw that coming. So much so that the market didn't really even react to it until a couple months later.

I will say that I have appreciated the floor the dividend put under the share price over the last year.

Bennys65 wrote: Not sure div hike is in the cards.Nuttall made that comment before the new ventures group was announced.We increased cap ex by 25 million partly to fund the land grab so dont know how much is left for an increased div.The yield guys would love it the growth guys would like to see production increase.Debate continues.