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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

Comment by Bennys65on Jul 09, 2021 1:29pm
193 Views
Post# 33521849

RE:RE:RE:RE:RE:nine point

RE:RE:RE:RE:RE:nine pointThis is my thinking.CVE has a big interest in HWX,I think around 26%.When they did the deal with HWX they knew the potential in the clearwater but had their hands full with digesting Husky.By doing the deal with HWX they can use us a a trojan horse to consolidate the area and will back any deal HWX wants to make..They had to sell their Pelican Lake asset to cnq to pay down debt for a Billion and sees us as a way to get back in the game with out having to use their balance sheet.Long game they fold HWX intp CVE.Just so you know I am an oil lover on the east coast with no inside info in Calgary.I just know if I was CVE that is what I would do
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