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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 powerlunchmoneyon Sep 15, 2021 2:23pm
189 Views
Post# 33862905

RE:RE:RE:RE:RE:Sept presentation

RE:RE:RE:RE:RE:Sept presentation I like yer interpretation Benny. The choices are clear, either join a lean and mean company like HWX and participate in our resources as well, or bloat another company already burdoned with debt. A balanced cash/shares deal should be considered.

Based on the table you referenced, they could pay a .05/month divvy right now, and keep a decent cash position. Maybe thats the carrot needed. Look at what CPG did when they announed a .03/quarterly. On that same table you can see the CapEx goes down significantly after this year. 
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