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 > mergers and takeovers

<< Previous

Bullboard Posts

Next >>

Comment by Bennys65on Feb 12, 2021 7:53am

186 Views

Post# 32549941

RE:mergers and takeovers

I agree there needs to be consolation in the clearwater space.Hwx is just getting started and I dont see them getting together with Tve.There are two big privates Deltastream and Spur who are licking their chops at monatizing their companies in a cash or stock deal with Hwx or Tve.TVE has the edge with Spur as they already have bought their viking assets from Ian Currie ceo of Spur back in 2017.Currie is on the board of TVE.Headwater is left with Deltastream which is a great asset.By the end of the year I believe there will be only two payers in the clearwater Tve and Hwx.Both stocks will really do well as aresult.

<< Previous

Bullboard Posts

Next >>

Investors eye Australian gold mining projects amid promising developments