Headwater Exploration Inc T.HWX

Volume

[longtermholder6]

5 million traded in the first hour, can anyone post the blocks.  There has been a few million traded almost every day for the last while.

[riski]

Eric Nuttall is starting to sniff around here after ignoring HWX for a long time.  I wonder if the volume relates to Ninepoint buying.  

[powerlunchmoney]

is Cenovus selling part of their stake?

[riski]

The large block was crossed in the green.  I doubt CVE is selling.  The share price has dropped since the block was crossed on very low volume trades.  I think just nervous retailers taking profits.  

[Bennys65]

Just curious,How do we know Nuttall is starting to sniff around.The last I heard he thought we were agreat company but too exspensive relative to others in his stable.

[riski]

Yes that's the last I heard, but he included HWX on his free cash flow chart for the first time today.  This chart usually has the same names, but he will occasionally add a new one and then announces on market call that he has bought into it or it shows up on his fund's top 10 holdings shortly after. https://twitter.com/ericnuttall/status/1404443350632210438 HWX doesn't fit his

[Bennys65]

Good call saw that as well.Seems like somthing is up for sure.

[Bennys65]

As you know the crowd at Canoe financial are big fans of HWX and have said on BNN that the potential for MA in the clearwater is not priced into the stock.HWX has moved down to number 2 for their top 10 but may be a result of Trican  stock outperformance recently as a percentage rather than them selling.It will be interesting to see the story unfold.

[powerlunchmoney]

it looks like there has been some warrants exercised https://www.canadianinsider.com/node/7?menu_tickersearch=HWX+%7C+Headwater+Exploration