Headwater Exploration Inc T.HWX

nine point

[powerlunchmoney]

Nutttall's energy fund is now holding Headwater in most recent update.

[CandyC]

I noticed. He is due to be on BNN soon. Wouldn't be surprised if it's his top pick. I am going to look this company up. Would you be able to give me your opinion and what you know about them? TYIA

[Bennys65]

On his last market call he was asked about HWX.Said it was a great company but too exspenisve.There was too much to choose from that was cheaper and therefore had more upside.Seems he has changed his mind.I wonder what he knows?Stay tuned.

[CandyC]

I'm sure he's in the know. I just bought a bunch

[powerlunchmoney]

I suspect it was Eric that bought the 12M shares the other day. 

[powerlunchmoney]

Eric confirmed today nine point is the second largest holder in Headwater. Hopefully he'll make an appearance on Market Call in the next week or two. 

[CandyC]

Also CNQ is out of his top 10. Smaller companies should do much better if oil rises as he is a strong bull

[Bennys65]

Glad you got some stock.Hopefully when he talks about us he doesnt stick to the party line of one of the most economic plays in NA,and gets into the real story which is consolidation and secondary recovery with waterflood moving to polymer flooding.If we are sitting on a 5 billion barrell resource at Martens hills and you can move the recovery from 6% primary to 25% polymer secondary a la cnq at

[CandyC]

I'm a newbie investor. Could you simplify? Likely to be bought out? TYIA

[Bennys65]

This is my thinking.CVE has a big interest in HWX,I think around 26%.When they did the deal with HWX they knew the potential in the clearwater but had their hands full with digesting Husky.By doing the deal with HWX they can use us a a trojan horse to consolidate the area and will back any deal HWX wants to make..They had to sell their Pelican Lake asset to cnq to pay down debt for a Billion and

[CandyC]

Thanks