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 > Deltastream to TVE

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Comment by SeargentPepperon Sep 12, 2022 2:37pm

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Post# 34957355

RE:RE:RE:Deltastream to TVE

With my HWX shareholder hat on, I'm thinking just as well they didn't do this deal at the the price I saw. The sale price looks a bit higher than their market cap at the moment, and they probably already have a better collection of land than deltastream. If they're going to spend big bucks like that, I would prefer to see them devleop their own land and/or make smaller acquisitions.

OTH with my TVE shareholder hat on, the view is muddier. Maybe they're more torqued to oil prices than previously?

riski wrote: Agreed. Neil is the ultimate dealmaker. That TVE deal for delta is a good deal for TVE which means Neil is going to have something even better. Otherwise he would have paid enough to win the bid for Delta.

Bennys65 wrote: If Neil passed on delta its because he has somthing else up his sleeve.Thinking woodcote looks ripe.Geart land in peavine and nipisi.Growing production.