Headwater Exploration Inc T.HWX

Took Advantage

[retiredcf]

Had planned to add to my holdings yesterday but the SP got away from me.  So was pleased to take advantage of today's weakness to complete the deal. One of the only companies in the sector with no debt and a nice net cash position. And for those who didn't catch it, Eric Nuttall threw in a plug for HWX (he's apparently their largest investor) earlier this week which might bode well for tomorrow's Market Call. GLTA

Tamarack Valley Energy buying Deltastream for $1.43B

Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, joins BNN Bloomberg and talks about Deltastream is being purchased by Tamarack Valley Energy for $1.425 billion.

https://www.bnnbloomberg.ca/video/tamarack-valley-energy-buying-deltastream-for-1-43b~2518757

[Bennys65]

HWX in their new presentation states they can make more money growing by the drill bit than being in the M&Ar market.Just saw another license for the Falher at shawdow which ithey feel is a peavine lookalike and a firstt, drilling the grand rapids formation at martin hills.Are we going to see another zone other than the clearwater in our core area.?This story keeps getting more interesting.

[SeargentPepper]

They seem to be getting slightly adventerous at exploration. They can easily afford what they're doing so far, so that is OK with me. Both of those well licenses are some distance from where anybody has been drilling lately. The one filed as a Grand Rapids target looks like its right on the edge of the land they got from Cenovus. And they seem to have goood hopes for Shadow. 

[Bennys65]

Hwx is not just going out this half to poke some some holes to see what they have.In addition they are spending 30 million on roads and pad developement  in the new lands which tells me they are very confident in what they have.Yes they are excited about shadow and only need to get some results so they can tell their story.The 30 million spent on getting ready to develope the new lands will