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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 11, 2023 5:35pm
444 Views
Post# 35332907

Yes

YesThanks again Benny.  These little tidbits keep adding up and confirming what we think about HWX and their team.   This is not like Baytex or Tamarack despite being heavily
engaged in Clearwater.  They are playing their hand very smartly by developing their
own leases without taking on debt and waiting for the right opportunity.  That just might
come if TVE or BTE get into financial difficulties with their higher leverage in a higher
rate environment.  Very clean and well managed company that should attract a lot of interest as they continue to grow each quarter.  No splashy headlines about leveraged
deals,  just steady growth with each successsive quarter.

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