Headwater Exploration Inc. (T:HWX)
Business Focus: Oil & Gas Exploration and Production (NEC)
Mixed as of May 01, 2024
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Insider Filings
Latest 10 SEDI filings for HWX within the last 6 months
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Company News
May 09, 2024 20:29 ET
HEADWATER EXPLORATION INC. ANNOUNCES RESULTS OF ANNUAL SHAREHOLDER MEETING
CALGARY, AB, May 9, 2024 /CNW/ - Headwater Exploration Inc. ("Headwater") (TSX: HWX) is pleased to announce that the nominees listed in Headwater's management information circular dated March 25, 2024 were elected as directors of Headwater at its annual meeting of shareholders (the "Meeting") held today, May 9, 2024. In addition, all other matters considered at the Meeting were approved by Headwater's shareholders.
May 09, 2024 17:00 ET
HEADWATER EXPLORATION INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS, OPERATIONS UPDATE, UPDATE TO 2024 GUIDANCE AND DECLARES QUARTERLY DIVIDEND
CALGARY, AB, May 9, 2024 /CNW/ - Headwater Exploration Inc. (the "Company" or "Headwater") (TSX: HWX) is pleased to announce its financial results for the three months ended March 31, 2024, operations update, update to 2024 guidance and declaration of quarterly dividend. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim condensed financial statements and the related management's discussion and analysis ("MD&A"). These filings will be available at www.sedarplus.ca and the Company's website at www.headwaterexp.com
Valuation Ratios
Industry
Sector
Beta
1.60
--
--
Price to Sales - TTM
3.98
3.22
3.40
Price to Book - most recent quarter
2.86
1.43
1.78
Price to Cash Flow per share - TTM
6.25
4.91
6.20
Price to Free Cash Flow per share - TTM
--
16.44
16.41
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 30, 2024 | 2,973,165 | 666,978 |
| Apr 15, 2024 | 2,306,187 | 529,525 |
| Mar 31, 2024 | 1,776,662 | -158,293 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
Headwater Exploration Inc. is a Canada-based resource company, which is engaged in the exploration and development and production of petroleum and natural gas in Canada. The Company's core operating areas are Marten Hills and McCully Field. Marten Hills is located approximately 250 kilometers (km) north of Edmonton, Alberta, within the Clearwater play. It owns approximately 270 sections of Clearwater rights. The McCully Field is located approximately 10 km northeast of Sussex, New Brunswick, in the farming community of Penobsquis. It owns and operates a natural gas processing plant, with a processing capacity of about 35 million standard cubic feet per day (mmscfpd), and a 50 km transmission line connected to the Maritimes and Northeast pipeline. The Company has oil production, reserves, and lands in the Clearwater play in the Marten Hills area of Alberta as well as low decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick.
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