Bullboard - Stock Discussion Forum Headwater Exploration Inc CDDRF

Primary Symbol: T.HWX

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... see more

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TSX:HWX - Post Discussion

Headwater Exploration Inc > Panic-Proof Portfolio

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Post by retiredcf on May 15, 2024 6:15am

Panic-Proof Portfolio

TOP PICK

Headwater Exploration Inc. (HWX-T)

07/05/2024

Stockchase Research Editor: Michael O'Reilly

We reiterate HWX as a TOP PICK. Management reports production remains on target for annualized production of 20,000 boe/d for 2024 and capital has been allocated on several projects for the balance of the year. It trades at 11x earnings and supports a 27% ROE. Its dividend is backed by a payout ratio under 65% of cash flow, which still allows quarterly cash flow to grow. We recommend trailing up the stop from $6.25 to $7.00, looking to achieve $9.00 -- upside potential of 20%. Yield 5.4%

(Analysts’ price target is $9.32)

Oil / Gas

$7.420

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