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Headwater Exploration Inc T.HWX

Alternate Symbol(s):  CDDRF

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

Bullboard Posts
Comment by commonsense9on Dec 07, 2020 12:44pm
221 Views
Post# 32050017

RE:RE:Sell Order

RE:RE:Sell Order Target price of $3.00 is not rocket science. It is implicit in what Cenovus is really paying for HWX stock and warrants.

To answer your question: it will take a long time to execute that plan. And if it does not work out well, the cash hoard will be history.

So if you do not have confidence- faith really- that the plan will realize as planned... then cashing out on the stock price rise fueled by hopes, makes perfect sense.

And $2 or just over is the point that makes sense to do that.

GoJerez2 wrote: Besides taking some premature profits....why would you sell when the execution plan is just starting. They are expecting to end 2021 with 8500 boe/d from 2500 and the float is tightly held?
cashed up with no debt


Bullboard Posts