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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.


TSX:HWX - Post by User

Headwater Exploration Inc > Nuttall Details
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Post by retiredcfon Dec 04, 2021 8:59am
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Post# 34198109

Nuttall Details

Nuttall DetailsSecond stock in the clip. GLTA

https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2336311

Headwater Exploration (HWX TSX)
Last bought on December 1st at $4.50 

Headwater offers pure play exposure to the most economic oil play in North America while being led by a proven value creator with a debt free balance sheet. Recent waterflood success and exploration success only add to the attractiveness of the story and with the stock trading at 2.8x 2023 EV/CF at US$70 WTI, we think the stock offers meaningful upside.
 

TOP PICK
Headwater Exploration Inc. (HWX-T)
02/12/2021 at 07:00pm
 
A pure play in the Cleawater area. Have made several successful explorations. Good insider ownership. 2.8x cashflow two years out. 28% free cashflow at $70 oil. A proven value creator with no balance sheet risk. (Analysts’ price target is $7.24)
 
OIL / GAS
 
Eric Nuttall
$4.770
Owned
 
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