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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 riskion Apr 04, 2024 12:38pm
268 Views
Post# 35970682

News leaking?

News leaking?HWX is trading very strongly relative to peers on above average volume. The year end report was incredible, so it may just be that. 

But we also saw CDH do this just before Neil and company announced their deal to take over the company. Then it traded like this again just a couple days before HWX announced the CVE asset acquisition in clearwater which has been transformative.

Maybe something, maybe nothing. Time will tell. 
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