Globe says new coverage rates Headwater "outperform" Globe says new coverage rates Headwater "outperform"
Headwater Exploration Inc (C:HWX)
Shares Issued 202,285,519
Last Close 10/18/2021 $4.80
Monday October 18 2021 - In the News
The Globe and Mail reports in its Saturday, Oct. 16, edition that RBC Dominion Securities analyst Luke Davis has started coverage on Headwater Exploration with an "outperform" recommendation and $7 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $6.74. Mr. Davis says in a note: "Headwater offers investors pure-play Clearwater exposure in the heart of what is becoming one of the most active and most economic oil plays in Western Canada. Coupled with the team behind the Raging River/Wild Stream franchise and a debt-free balance sheet, we believe Headwater Exploration is well positioned as a regional consolidator." The Globe reported on Oct. 10, 2020, and Dec. 1, 2020, that Haywood Securities rated Headwater "buy" when it could be had for $1.30 and $2.47. The Globe reported on Feb. 16, 2021, that Raymond James analyst Jeremy McCrea rated Headwater "outperform" in new coverage. The shares could then be had for $3.40. The Globe reported on March 9, 2021, that Paradigm Capital analyst Adam Gill began coverage on Headwater with a "buy" recommendation. The shares could then be had for $3.91.