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TSE:HWX
Headwater Exploration Inc. (HWX.TO)
Financials 
Technical Analysis Excellent company with best oil play in North America.
Very strong management team.
New "Fish bone" drilling technique could be very profitable.
Expecting 50% upside given current oil price.
Owns shares in company.
Eric NuttallTrades at a premium. Proven management team. Exposure to Clearwater, the most economic play in NA. Amenable to multi-lateral drilling, and there's upside embedded in that. He sold some, but still meaningful upside. Yield is 5.8%, lots of room to increase.
Eric NuttallPurest Clearwater play, the most economic play in Canada. Purest CWS exposure, and he's bullish on the differential. Recent good exploration drilling. Trades at a modest premium. Yield is 6.48%, which could potentially increase by 50% this fall.
(Analysts’ price target is $8.81)Eric NuttallCEO has a great reputation. Stock's not moved too much. Nice position in Clearwater, one of the best plays in Western Canada. Moving to a dividend strategy, which will increase investor interest. Assuming oil prices hold in, dividend should be well covered with cashflow and they should be able to grow production a bit.
Too small for him, but great choice of a smaller name that has torque.
Jamie Murray His theme today is leverage, nice yield, and ability to grow cash. Growing 40% production this year, 25% next year. $100M of cash, which could grow to being 20-25% of market cap. Clean balance sheet. Can tuck in land acquisitions to build inventory. In one of the hottest plays in Canada. Very strong free cashflow. Yield is 6.39%, which could grow easily to 8-9%.
(Analysts’ price target is $9.11)
Dennis da SilvaCurrently in a net cash position.
Owns 9.9% of company.
Large producer in Clearwater (most economic play in North America).
Remarkable exploration results recently.
Very good CEO with Neil Roszell.
More inventory that market thinks.
Currently yielding ~5.5% dividend.
Eric Nuttall
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Headwater Exploration Inc. (HWX.TO) Frequently Asked Questions
What is Headwater Exploration Inc. stock symbol?
Headwater Exploration Inc. is a Canadian stock, trading under the symbol HWX.TO (previously HWX-T on Stockchase) on the Toronto Stock Exchange (HWX-CT). It is usually referred to as TSX:HWX or HWX.TO
Is Headwater Exploration Inc. a buy or a sell?
In the last year, no analyst issued a Buy, Sell, or Hold rating on HWX.TO (previously HWX-T on Stockchase) on Stockchase. Read the latest expert commentary for Headwater Exploration Inc. .
Is Headwater Exploration Inc. a good investment or a top pick?
Headwater Exploration Inc. was recommended as a Top Pick by Dennis da Silva on 2022-07-13. Read the latest stock experts ratings for Headwater Exploration Inc. .
Why is Headwater Exploration Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Headwater Exploration Inc. .
Is Headwater Exploration Inc. worth watching?
Headwater Exploration Inc. is followed by 6 investors on Stockchase and is a trending stock that is worth watching.
What is Headwater Exploration Inc. stock price?
On 2026-06-19, Headwater Exploration Inc. (HWX.TO) stock closed at a price of $12.26.
High growth, about 40% production growth in 2023. Great ROC potential. Very well run. CEO change by year's end. Lots of running room. Good scalability. Expects a takeover in 12-18 months. Yields around 5%.