Headwater Exploration Inc T.HWX

Eric Nuttall sold his HWX

[hipfner]

said that it has upside, but not as much as Tamarack TVE (which he bought recently), named as a top pick in today's BNN Market Call.

Both operate in the same reservoir and have similar well economics.

[riski]

He has never owned it, though I bet he wishes he did.  It sat at $1.20-$1.25 for an eternity. HWX and TVE are in the same area (clearwater), but not the same reservoir.  HWX assets in clearwater are superior with higher netbacks and ROC.   Both are good companies though.  I own them both.  

[longtermholder6]

 I agree, Nuttall probably missed HWX and now has no interest, but I can tell you this...............  He will be on the bandwagon down the road.

[Bennys65]

Yes Hwx is expensive.Expensive for a reason.Paying up for value is not in Erics playbook.

[riski]

I think it's pretty good value right here actually.  If the outstanding execution continues at oil prices hold here, $8+ in the next 12 months is not unreasonable.  If oil prices go higher, this could become a monster of an investment with share price likely $10+.

[Bennys65]

In my mind there are many reasons to buy hwx here.Most of which are not in the stock price.New floor price of 60 wti or higher.Hwx is using 55 wti for their models.Better than exspected drilling results .Look to TVE recent reporting.Converting exploration land into developement .Again look to Tve exspanding the size of clearwater pool.Possible MA with Delta at good metrics.Positive early results

[GoJerez2]

Agreed. Good reminder. Thank you