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

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Post by retiredcfon Sep 30, 2024 9:06am

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Ink Research

At the sector level, Energy insiders are sending a strong signal that the group is undervalued. The INK Energy Indicator ended Friday a touch over 350%. Earlier this month, the indicator hit 433%, a level not seen since the gloomy spring of 2020. While we understand some economists are concerned about the health of the global economy, insiders are behaving in a manner that is consistent with the view that investors have become too pessimistic on their outlook for oil & gas stocks. Moreover, we expect there is case to be made for the oil group to serve as a hedge to geopolitical risks which seem to be elevated as we start the week.

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The Market Online’s Weekly Gold Report – Nov. 13, 2024