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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 marketsenseon Nov 15, 2022 4:28pm
281 Views
Post# 35101243

Volume

VolumeWonder how much of the selling was shorts and buying was short covering.  This 
kind of news plays right into the shorts who can quickly drag weaker holders into 
panic selling.

If the next wells they drill come in with good flow rates,  all will be forgotten as quick
as the bad news appeared and then faded.  I have not lost any confidence in this
group despite pulling a duster.  They know one hell u va lot more about this business
than I will ever know and their track record proves it.
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