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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

Post by Gringottson Jul 31, 2022 9:17am
426 Views
Post# 34862973

A little confused…

A little confused…

This one confusing stock. This company is debt free - a position most Canadian OG are hoping to achieve next year. This company is making incredible money- fcf is among the best in the Canadian market. This company has substantial money in the bank. This company owns many excellent tracts of land - including land in Clearwater. This company  does not pay a dividend - an old school approach to the business, perhaps? Yet it is trading at only $6.21 with a market cap of only 1.43B. 

Something seems wrong, very wrong. Is HWX undervalued? Yes it is! All other metrics suggest the same thing. HWX is currently worth $10 or more, in my opinion. 

I hope the next quarterlies next week wakes the market up and that more monies are directed into HWX. This company appears to be a sleeping giant. 

glta

 

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