Headwater Exploration Inc.·Energy
Headwater Exploration Inc., a junior resource company, engages in the exploration, development, and production of petroleum and natural gas in the Western Canadian Sedimentary Basin and onshore in New Brunswick. It holds interests in the McCully Field located to the northeast of Sussex, New Brunswick; the Clearwater play located in the Marten Hills, Alberta; and the Frederick Brook shale gas prospect located in New Brunswick. The company was formerly known as Corridor Resources Inc. and changed its name to Headwater Exploration Inc. in March 2020. Headwater Exploration Inc. is headquartered in Calgary, Canada.
Energy
Oil & Gas Exploration & Production
38
2009-02-13
1.04

Headwater Exploration has a low-cost, high-profitability business model. CDDRF has growth plans to mitigate market headwinds. Consistent annual payout periods in the original core area highlight exceptional capital efficiency.

Headwater Exploration Inc. (OTCMKTS:CDDRF - Get Free Report) rose 1.2% on Thursday. The stock traded as high as $8.50 and last traded at $8.39. Approximately 11,133 shares changed hands during trading, a decline of 77% from the average daily volume of 47,423 shares. The stock had previously closed at $8.29. Wall Street Analyst Weigh

Headwater Exploration continues to deliver exploration success and declining costs. CDDRF's low production and development costs position it to outperform peers even in a potential recessionary downturn. Annual reserve increases remain meaningful due to efficient waterflood projects.