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.

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Headwater Exploration Inc > bought deal secondary offering of Headwater common shares

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Comment by powerlunchmoneyon Sep 28, 2021 12:10am

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Post# 33928992

RE:bought deal secondary offering of Headwater common shares

Amazing how all that happened. Energy conference from Peters & Co., with that interview and then days later they become a major shareholder. In retrospect, perhaps Neil and team were there to help Cenovus divest itself of its 25% (50M shares) of the company that wasn't in circulation. CVE is still on board with 25M. Peters & Co. enters the conversation @4.55 for 25M shares.

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Two micro-cap stocks with strong fundamentals