Headwater Exploration Inc. (CDDRF)

OTCMKTS · Delayed Price · Currency is USD
4.150
-0.050 (-1.19%)
Mar 13, 2025, 4:00 PM EST
-20.50%
Market Cap 984.99M
Revenue (ttm) 356.31M
Net Income (ttm) 130.68M
Shares Out n/a
EPS (ttm) 0.56
PE Ratio 7.54
Forward PE n/a
Dividend 0.29 (6.84%)
Ex-Dividend Date Dec 31, 2024
Volume 900
Average Volume 80,929
Open 4.200
Previous Close 4.200
Day's Range 4.150 - 4.200
52-Week Range 3.890 - 6.260
Beta 1.54
RSI 40.98
Earnings Date Mar 7, 2025

About Headwater Exploration

Headwater Exploration Inc. engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area 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. incorporated in 1996 and is headquartered in Calgary, Canada. [Read more]

Sector Energy
Founded 1996
Employees 35
Stock Exchange OTCMKTS
Ticker Symbol CDDRF
Full Company Profile

Financial Performance

In 2023, Headwater Exploration's revenue was 425.55 million, an increase of 14.02% compared to the previous year's 373.22 million. Earnings were 156.07 million, a decrease of -3.72%.

Financial numbers in CAD Financial Statements

News

Headwater Exploration: An Update That Strengthens The Investment Case

Headwater Exploration reported Q4 production of 21,500 BOED. Secondary recovery techniques are enhancing cash flow due to low decline rates. CDDRF management reports rapid payback on new acreage.

2 months ago - Seeking Alpha

Headwater Exploration: 2025 Guidance Review

Headwater Exploration Inc.'s 2025 guidance shows a 10% growth rate and a 10% dividend increase. Strong earnings comparisons are expected to continue in 2024 as long as the oil price decline remains at...

3 months ago - Seeking Alpha

HEADWATER EXPLORATION INC. ANNOUNCES DIVIDEND INCREASE, 2025 BUDGET AND OPERATIONS UPDATE

CALGARY, AB , Dec. 5, 2024 /CNW/ - Headwater Exploration Inc. (the " Company " or " Headwater ") (TSX: HWX) is pleased to announce a 10% increase to the quarterly dividend beginning in 2025, prelimin...

3 months ago - Benzinga

Headwater Exploration: Relatively Strong Earnings Comparison

Headwater Exploration demonstrates resilience with strong earnings despite lower oil prices. The Clearwater basin offers low-cost production, with payback periods under one year, leading to rapid cash...

4 months ago - Seeking Alpha

HEADWATER EXPLORATION INC. ANNOUNCES THIRD QUARTER OPERATING AND FINANCIAL RESULTS, DECLARATION OF QUARTERLY DIVIDEND AND UPDATE TO 2024 GUIDANCE

CALGARY, AB , Nov. 7, 2024 /CNW/ - Headwater Exploration Inc. (the " Company " or " Headwater ") (TSX: HWX) is pleased to announce its operating and financial results for the three and nine months en...

4 months ago - Benzinga

Headwater Exploration: The Growth Story Continues

Headwater Exploration shows impressive organic growth with 20,000 boe/d in 2024, projected to reach 24,000 boe/d by 2026, without dilutive acquisitions. The company boasts low operating costs and a st...

5 months ago - Seeking Alpha

Headwater Exploration: Cash Rolls In As Earnings Climb 77% Per Share

Headwater Exploration is that rare company that can pay a decent dividend and grow production at the same time. Quarterly earnings roared ahead about 77%. The company has reported impressive earnings ...

8 months ago - Seeking Alpha

Headwater Exploration: Slower Growth But More Profits Ahead

Headwater Exploration Inc. grew production profitably in excess of 40%. Management is concerned about the cash balance and debt-free balance sheet, leading to conservative guidance. The budget may be ...

1 year ago - Seeking Alpha

Headwater Exploration: Slower Growth Ahead

Headwater Exploration's management expects slower growth but still projects significant growth while paying a dividend. The dividend is backed by a debt-free balance sheet and a large cash balance.

1 year ago - Seeking Alpha

Headwater Exploration: Succession Takes Center Stage

At Headwater Exploration Inc., Neil Roszell transitions to Executive Chairman and Jason Jaskela becomes new CEO of Headwater Exploration. The company is acquiring acreage beyond the Clearwater Play. H...

1 year ago - Seeking Alpha

Headwater Exploration: Heavy Oil Considerations

Headwater Exploration is a heavy oil producer with a strong balance sheet and a profitable heavy oil play called Clearwater. The breakeven point for Clearwater is lower than other heavy oil plays, mak...

1 year ago - Seeking Alpha

Headwater Exploration: A Low-Cost Heavy Oil Producer With A Track Record Of Growth

Headwater Exploration is a Canadian heavy oil producer that has grown production significantly in recent years. The costs are very competitive for the company. The free cash flow will increase going f...

1 year ago - Seeking Alpha

Headwater Exploration: Growth Continues

This heavy oil producer posted a decent profit at a time when the heavy oil discount expanded. Heavy oil profits are much more volatile than light oil profits. The company has no long-term debt and a ...

1 year ago - Seeking Alpha

Headwater Exploration: Discoveries Ensure Healthy Future

Headwater Exploration Inc. management keeps reporting new discoveries to enlarge the company future. The debt-free balance sheet with a large cash balance protects against potential downside stock pri...

1 year ago - Seeking Alpha

Headwater Exploration: Not In The Bargain Bin, But Still In The Buy Zone

Headwater Exploration Inc. is growing production rapidly in its low-cost, low-decline fields in Canada's Clearwater play. Low oil prices and reduced netbacks have impacted Headwater Exploration shares...

1 year ago - Seeking Alpha

Small-Cap Energy Producers Ranked By Quality

Forty-nine small-cap energy producers are ranked on relative quality using a matrix with factors including, valuation, profitability, FCF, and debt. The quality matrix is a broad effort to identify th...

2 years ago - Seeking Alpha

Headwater Exploration: Rapid Growth Likely To Continue

With or without management guidance, there is likely to be rapid growth for the foreseeable future. Management has begun an initial dividend. But growth is likely to be more important for the foreseea...

2 years ago - Seeking Alpha

Headwater Exploration: Solid Upside At Moderate Risk

If you are bullish oil but are worried about stock market volatility due to a recession, what stock should you invest in for 2023? In this piece, I will look at Headwater Exploration, a pure-play heav...

2 years ago - Seeking Alpha

Headwater Exploration: Time To Share

Headwater Exploration Inc. initiated a quarterly dividend equal to an annual rate of C$.40 per share. The dividend is likely to grow as fast as the rapidly growing production. Headwater Exploration st...

2 years ago - Seeking Alpha

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.

2 years ago - Seeking Alpha

Headwater Exploration: Black Gold

The Clearwater Play is exceptionally profitable. Headwater Exploration is exceptionally profitable because all of its operations are in the Clearwater area.

2 years ago - Seeking Alpha

Headwater Exploration: The New Issue Volatility

The current management took over through a reverse merger. The new focus is on the Clearwater area.

2 years ago - Seeking Alpha

Headwater Exploration: Still Dirt Cheap

The growth rate here for the foreseeable future is seldom equalled. Cash flow rate took a huge jump and is likely to continue to expand at a rapid rate.

2 years ago - Seeking Alpha

Headwater Exploration: New Profit Source Appears

The Clearwater Play outlook has improved materially. Management discovered some medium grade oil to produce.

3 years ago - Seeking Alpha

Headwater Exploration: Growth Implications And Proper Valuation

It is probably far too soon to consider selling a fast growth company like Headwater Exploration.

3 years ago - Seeking Alpha