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Headwater Exploration Inc CDDRF


Primary Symbol: T.HWX

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 Bennys65on Aug 04, 2023 11:18am
259 Views
Post# 35573320

RE:RE:Neil has eye on a new prize

RE:RE:Neil has eye on a new prize`Just some thoughts.Hwx is said to trade at a premium partly because it is a pure simple to value clearwater player.So why move outside the clearwater.Wedont need the inventory.It has been said that in the end there will be one or two clearwater players left after consoladation.We went after delta but got outbid by tve whose share price has suffered as it digests it.I think that will be changing soon as they divest non core assets and start returning capital.Delta was a great buy for them.So who is left.Spur a private stands out but it wont be cheap as Ihave heard numbers like 7 to 8 billion a huge bite for us.So we could sit back wait to be taken out at a very good price and then look around for the next great thing.Neil is a chess player and is looking 6 moves ahead.I think something really good has come up.look to his former partner david burton and what lcx is up to.Neil special advisor to their board.Rather than wait to be taken out i think he is moving now  because the opportunity is there.When the clearwater consolation starts we simply peel off the clearwater at a great price and carry on with the spinco which will already be up and running.Neil wants to create shareholder valve for all his shareholders.Doesnt want to run a prroduction company Doesnt fit with his and his teams sense of creating value
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