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 > Added today - 7% dividend

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Comment by riskion Dec 16, 2022 5:00pm

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Post# 35176914

RE:RE:Added today - 7% dividend

Definitely not interested in CJ. They are robbing Peter to pay Paul right now to fund that dividend. They are going to have to do a divdiend cut if oil stays at these levels. I wouldn't want to own CJ when they announce that. Plus management was dishonest about the debt. What other negative news are they gonig to surprise with?

Compared with HWX which has honest management, no debt, hoardes of cash on the balance sheet, and dividend payable down to $45 WTI.

When a stock gets above 9% dividend, there is usually a reason why that will make you not want to own it.