Headwater Exploration: Steadily Increasing Production And Still Cheap


  • Headwater Exploration Inc. has been rapidly increasing production in its Marten Hills acreage.
  • The company is trading at low multiples at current prices.
  • We think Headwater Exploration is attractive to investors looking for growth and income in 2023.
  • Looking for more investing ideas like this one? Get them exclusively at The Daily Drilling Report. Learn More »

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All prices in CAD unless noted.


It's been a year since we covered Headwater Exploration Inc. (OTCPK:CDDRF, TSX:HWX:CA) ("HWX"). We didn't put a specific price target on it, but gave it a bullish rating, noting at the time

Price chart for Headwater

Price chart for Headwater (Seeking Alpha)

HWX strategy

HWX strategy (HWX)

Exploration success

Exploration success (HWX)

Marten Hills Core Area

Marten Hills Core Area (HWX)

Greater Peavine

Greater Peavine (HWX)

Crude Storage EIA

Crude Storage EIA (EIA)

This article was written by

Fluidsdoc profile picture
40 years of oilfield and analyst experience to work to find you winners.

I am an oilfield veteran of 38+ years. Retired from Schlumberger since 2015. My background is drilling and completion fluids. I have authored a number of technical papers on completion topics. I have worked around the world- Brazil, Russia, Scotland, and the Far East. I still maintain a training and consulting practice and am always willing to help people who want to learn.

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CDDRF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This is not advice to buy or sell this stock or ETF in spite of the particular rating I am forced to select in the SA template. I am not an accountant or CPA or CFA. This article is intended to provide information to interested parties and is in no way a recommendation to buy or sell the securities mentioned. As I have no knowledge of individual investor circumstances, goals, and/or portfolio concentration or diversification, readers are expected to do their own due diligence before investing their hard-earned cash.

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