RE:Looking for inventory.Bennys65 wrote: 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%
But if Headwater drills anymore dusters, they will have do some sort of M&A.
Now looking like Headwater has put all of their eggs in one basket...
I find it very interesting that Cardinal is claiming payout on their Clearwater Nipisi 4 well pad of only 90 days...
Kherson