Headwater Exploration Inc T.HWX

Alternate Symbol(s): CDDRF

Energy Oil & Gas E&P

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

Headwater Exploration Inc > clearwater learning curve.

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Comment by JohnnyDoeon Jul 20, 2023 6:18am

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Post# 35549243

RE:RE:RE:clearwater learning curve.

Well, the narrowed WCS spread looks pretty positive for HWX. Their guidance uses 75.21 wti and 77 cdn pricing assumptions. With the narrowed spread, they're getting quite a bit more than 77 and the narrower spread looks like it's going to be more structural than cyclical, so long term. Good times in Alberta right now

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