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

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Post by retiredcfon Feb 16, 2022 1:45pm

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Post# 34434563

An American Perspective

The summer driving season is going to be a monster for crude oil demand: Prestige Economics

Jason Schenker, president of Prestige Economics, talks about the latest U.S. oil inventories data. He says oil prices are still relatively low compared to other commodities, which have been at record highs over the past year. He expects crude prices to average between US$90 to US$100, and he sees further upside potential next year.

https://www.bnnbloomberg.ca/video/the-summer-driving-season-is-going-to-be-a-monster-for-crude-oil-demand-prestige-economics~2383049

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