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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 Oct 18, 2021 7:15am
177 Views
Post# 34016874

RE:RBC starts covering HWX w/ $7 OP rating

RE:RBC starts covering HWX w/ $7 OP ratingNeil has said we will be getting results from exploration drilling by the end of oct.Positive news on that front will derisk our lands and cause the analysts to go back and crunch their numbers resulting in higher target price.Hard to believe that we have this valuation on 10 sections in our core with well over 200 left to explore.I believe the company is very confident in what the results will look like when they come in.Good news coming.
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