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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 Bennys65on Dec 27, 2022 8:17am
460 Views
Post# 35192239

Looking for inventory.

Looking for inventory.TVE presentation has a nice graph showing tier 1,2,3,inventory in the clearwater for the players.Quick look will show that hwx needs to add quality inventory.That might happen as exploration results come in strating in Jan.Lands sales are a possibility but land is now very exspensive.Other than Spur woodcote has put together a lot of land and their production is over 4000bpd.Dont know about the quality.First half of 2023 shoild give us some hints as to where we are going.Having said that nothing wrong with milking what we have and spitting out and increasing div.FCF on hwx 5 yr plan would support an 1,40 div end of 2024 which would support a 20 stockprice at 7%
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