Headwater Exploration Inc T.HWX

Alternate Symbol(s): CDDRF

Energy Oil & Gas E&P

Headwater Exploration Inc. is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The Company has heavy oil production and reserves in the Clearwater/Falher formations in the Marten Hills, Greater Nipisi and Greater Peavine areas of Alberta and natural gas production and reserves in the McCully field near Sussex, New Brunswick. The McCully Field is located approximately 10 kilometers (kms) 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 approximately 35 mmscfpd, and a 50 km transmission line connected to the Maritimes and Northeast pipeline. The McCully Field is a winter producing asset connected to the northeast United States gas market. The Company drilled its first stratigraphic test and single-leg horizontal well, prospective for heavy oil, in Handel, Saskatchewan.

TSX:HWX - Post by User

Headwater Exploration Inc

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Comment by commonsense9on Nov 18, 2020 7:44pm

131 Views

Post# 31927756

RE:RE:RE:RE:RE:RE:Blocks

The winter to winter decline in the Boston price premium has nothing to do wih climate change, or not, or changes in demand.

It was always restricted peak supply from restricted pipeline capacity. The capacity issues have been chipped away at, with no single dramatic change.

HWX knew those premium prices were soon over when they took over Corridor. Covid demand destruction just brought it a little sooner. But its gone for good now, even when demand comes back.

Corridor had its profit peak selling to NS when the offshore dried up. But NS was able to bring in long distance low price gas even before they started increasing that into Boston.

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