Company Headwater Exploration Inc.

Equities

HWX

CA4220961078

Oil & Gas Exploration and Production

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Sector

Sales per Business

Ratings for Headwater Exploration Inc.

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
7.82 ^CAD	+0.39%		+1.43%	+25.12%

Apr. 08	RBC Capital Markets Notes Updates From ARC Resources, Headwater Exploration, Parkland	MT
Apr. 05	Headwater Exploration Maintained at Outperform at BMO Following Operations Update; Price Target Kept at C$9.00	MT

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.

CAD in Million	2022	Weight	2023	Weight	Delta
Heavy Oil 116.4 %	423	113.4 %	495	116.4 %	+17.00%
Royalties -20.1 %	-85	-22.8 %	-86	-20.1 %	+0.62%
Natural Gas 2.8 %	32	8.5 %	12	2.8 %	-62.60%
Natural Gas Liquids 0.6 %	2	0.5 %	3	0.6 %	+44.00%
Gathering, Processing and Transportation 0.3 %	1	0.4 %	1	0.3 %	+0.86%

CAD in Million	2022	Weight	2023	Weight	Delta
Canada 100.0 %	373	100.0 %	426	100.0 %	+14.02%

Managers	Title	Age	Since
Jason Jaskela CEO	Chief Executive Officer	-	20-03-03
Georgia Little DFI	Director of Finance/CFO	-	20-03-31
Neil Roszell CHM	Chairman	56	20-03-03
Brad Christman COO	Chief Operating Officer	-	Nov. 08
Terry Danku CTO	Chief Tech/Sci/R&D Officer	-	20-03-03
Phillip Knoll BRD	Director/Board Member	69	10-09-20
Dieter Deines PRN	Corporate Officer/Principal	-	-
Edward Brown SEC	Corporate Secretary	-	20-03-03
Jonathan Grimwood PRN	Corporate Officer/Principal	53	20-03-03

Members of the board	Title	Age	Since
Kevin Olson BRD	Director/Board Member	55	20-03-03
Neil Roszell CHM	Chairman	56	20-03-03
Phillip Knoll BRD	Director/Board Member	69	10-09-20
Kam Sandhar BRD	Director/Board Member	-	20-12-01
David Pearce BRD	Director/Board Member	69	20-03-03
Jason Jaskela CEO	Chief Executive Officer	-	20-03-03
Chandra Henry BRD	Director/Board Member	47	20-03-03
Elena Dumitrascu BRD	Director/Board Member	-	-
Stephen Larke BRD	Director/Board Member	52	20-03-03
Devery Corbin BRD	Director/Board Member	-	-

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	237,290,032	225,133,426 ( 94.88 %)	0	94.88 %

Name	Equities	%	Valuation
Canoe Financial LP 8.011 %	18,936,270	8.011 %	107 M $
Franklin Bissett Investment Management 2.411 %	5,699,402	2.411 %	32 M $
Neil Roszell 1.582 %	3,739,773	1.582 %	21 M $
Kevin Olson 1.345 %	3,179,379	1.345 %	18 M $
Jason Jaskela 0.8557 %	2,022,682	0.8557 %	11 M $
Middlefield Capital Corp. 0.7974 %	1,885,000	0.7974 %	11 M $
Terry Danku 0.6154 %	1,454,825	0.6154 %	8 M $
Molloy Family Trust 0.5246 %	1,240,000	0.5246 %	7 M $
Ali Horvath 0.4286 %	1,013,065	0.4286 %	6 M $
Brad Christman 0.4248 %	1,004,236	0.4248 %	6 M $

Headwater Exploration, Inc.

215 9 Avenue SW Unit 1400

T2P 1K3, Calgary

+587-391-3680

http://headwaterexp.com

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7.82 CAD

Average target price

9.393 CAD

Spread / Average Target

+20.11%

Consensus

Estimates Revisions

Company calendar

Energy - Fossil Fuels

Oil & Gas Exploration and Production

Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
HEADWATER EXPLORATION INC.	+25.12%	1.36B
CHEVRON CORPORATION	+11.22%	306B
CONOCOPHILLIPS	+12.21%	153B
CNOOC LIMITED	+51.38%	124B
CANADIAN NATURAL RESOURCES LIMITED	+22.70%	83.43B
EOG RESOURCES, INC.	+12.20%	78.06B
PIONEER NATURAL RESOURCES COMPANY	+19.56%	62.81B
OCCIDENTAL PETROLEUM CORPORATION	+13.52%	60.08B
HESS CORPORATION	+12.74%	49.91B
DIAMONDBACK ENERGY, INC.	+33.97%	37.05B

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