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 > Targets

<< Previous

Bullboard Posts

Next >>

Comment by marketsenseon Nov 06, 2022 2:10pm

286 Views

Post# 35077403

RE:RE:Targets

Couldn't help notice that as well. $100m credit line when they don't need it should
be telling the market something. I am just guessing but I think they had somewhat
of an epiphany over losing out to TVE. The next time a deal like that comes up,
they will be ready. Can't see any other reason for it but M&A. That kind of money
spent on acquistions could double this company in no time.

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant