Headwater Exploration Inc CDDRF

Nuttall

[GoJerez2]

https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2571506

still loves the play and sticking to his thesis. I agree with him. If you look at the math.... TVE going to $8 is easier and quicker than HWX going to $12..... 100% increase. TVE has longer running room with much more land and plays. Kinda makes sense 

HWX is much cleaner and better company but the running room may be a concern after 2023.... 
they'll have lots of cash to buy good assets though

[riski]

I am seeing the opposite. I am getting cumulative per share growth through 2024 as follows: TVE 24% HWX 45% Through 2026: TVE 46% HWX 94% This is at strip prices and conservative growth metrics, so higher WTI would juice both estimates, but at $75, I would expect HWX to be about $12 in 2026 and TVE to be about $6.50.  Remember that HWX is a pure clearwater play, so they have more leverage

[riski]

I should add that TVE is still a great investment. It is one of the best available in CAD O&G with a bit of a hangover on the share price right now due to all the selling from the Delta acquisition. That is going to linger for another 9-12 months.  But comparing it to HWX is unfair. These two companies are not in the same league. HWX is the best growth opportunity in North America if you