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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 Mar 09, 2023 8:25pm
310 Views
Post# 35329597

Impressed

ImpressedScoring on all metrics.   No surpises with good upside in growth.  Great junior oil co
with steady mgmt.  Sustainable dividend and no debt.  Really quite a gem in the oil
patch.  They are bulding this company carefully and smartly and avoiding the pitfalls
that other companies are falling into such as expensive acquisitions and increasing
debtload.  Growth through the drillbit and waterflood injection to enhance recovery
is a winning formula.  I suspect eventually they will be bought out at a hefty premium
but in the meantime,  its a very nice place to be.


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