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.

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Headwater Exploration Inc > Q3 earnings are Nov 9th after market

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Comment by malx1on Nov 02, 2023 2:40pm

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Post# 35714210

RE:RE:RE:RE:Q3 earnings are Nov 9th after market

riski wrote: Bottom line: Don't expect a dividend raise during this Q3 report.

riski wrote: Agreed Benny. This has been high growth since the outset and it looks like Neil is going to keep that going with the latest developments. This shouldn't be surprising since growth has been his calling card since he came in to the oil patch. He is a builder with high pace production growth and savvy acquisitions.

What was surprising was the dividend announcement a year ago, especially the size of the dividend. He's never been a dividend guy and prefers to use cash to build. Nobody saw that coming. So much so that the market didn't really even react to it until a couple months later.

I will say that I have appreciated the floor the dividend put under the share price over the last year.

Bennys65 wrote: Not sure div hike is in the cards.Nuttall made that comment before the new ventures group was announced.We increased cap ex by 25 million partly to fund the land grab so dont know how much is left for an increased div.The yield guys would love it the growth guys would like to see production increase.Debate continues.