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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

Comment by marketsenseon Jun 10, 2023 3:18pm
189 Views
Post# 35490114

RE:WCS

RE:WCSBenny,  like the company but don't like the oil market.  I sold out on this last run. 
There are many good oil companies out there but they are not trading on their good fundamentals.  That worries and concerns me.  It has been that way for quite a while
and until we get the geo politics sorted out and some stability back,  I'm out.

The supply and demand situation is so manipulated and interfered with that it has 
become impossible to invest with any degree of certainty where this market is going.
So far,  its been going down no matter what contrarions might say and the next shoe
to drop is the possibility of a nasty recession.  That's my feeling for now and if conditions change for the better I will be back.  Good luck to everyone still invested.  Nothing wrong with HWX.  They are doing great.  The oil market is another story.
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