Headwater Exploration Inc T.HWX

BNN Blurb

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The price of West Texas Intermediate crude slipped below US$90 per barrel today for the first time this week. Geopolitics continue to be at play, now with a bit of hope on the Russia-Ukraine diplomacy front after the U.S. State Department said Secretary Antony Blinken is planning to meet with his Russian counterpart next week. Separately, for those who may be worried that shale producers won’t be able to resist the urge to drill, check out this quote from Scott Sheffield, who leads Pioneer Natural Resources: “Whether it’s $150 oil, $200 oil, or $100 oil, we’re not going to change our growth plans,” he told Bloomberg Television. He also suggested U.S. President Joe Biden would be out of luck if he calls asking Pioneer to ramp up output: “I’ll tell him we have a pact. It’s all about the shareholders.”