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 > gas

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Comment by commonsense9on Feb 10, 2021 8:54pm

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Post# 32533570

RE:RE:RE:RE:gas

That is not at all true. During the years of the best price premiums they hedged the bulk of it. And di well by it.

Sure, they got SOME of the astronomical prices. But just waiting on that for most of production would have been a disaster.

ardbegoil wrote: Stupid move....CDH used to wait for spot pricing and received up to $23 per mmbtu....Thats the type of volatility HWX will be missing.....best to all

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