TSE:HWX

Headwater Exploration Inc. (HWX.TO)

13.42
-0.03 (0.22%)
as of Sep 25, 2026, 8:00:00 pm Market Open.
190 watching
0
BUY
Large shareholder of company. Existing asset base will provide large amounts of dividends going forward. Waiting for exploration program to end. Excellent company that is well managed.
BUY
Largest shareholder of company (owns ~22 million shares). Excellent management team that created large amounts of value in previous companies. Excellent assets with most economic oil play in North America (Clearwater). Paying 2.7x cash flow at current share price. Looking at a 6x multiple of share price.
PARTIAL BUY
More exposed to liquid side. Could be a bit more downside. Always a discount from the spot price for Canadian companies. If you're looking for a smaller-cap company, a good time to pick away at a good name like this.
WEAK BUY
Strong management. Aggressive growth. How much excess capital can they return to shareholders as well as deleverage? Focus is on building up the asset base, going from 11K to 22K barrels a day by 2024. Good free cashflow, but much of it's probably earmarked for buying land and M&A.
BUY
Really good mid-cap. Good growth success. Very good management. Clean balance sheet, no debt. High growth potential. Good upside to higher oil prices.
BUY
Great company that has excellent management team. Largest shareholder of the company (22 million shares). Clearwater oil wells that are paying out in months(average is 1.5 years). Expecting a 6x multiple and there could be more. Will continue to hold shares in the company.
TOP PICK
Pure exposure to most economic oil play in North America. Largest shareholder in the company. Can get 50% upside in share price on current production (without future discoveries). New wells paying out in weeks. Excellent management team and clean (no debt) balance sheet.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The most recent quarterly results were good. Management is reinvesting back into the company. Higher free cash flow is expected for next year. Good for sector exposure. The balance sheet is very strong currently. Unlock Premium - Try 5i Free

TOP PICK
A pure play in the Cleawater area. Have made several successful explorations. Good insider ownership. 2.8x cashflow two years out. 28% free cashflow at $70 oil. A proven value creator with no balance sheet risk. (Analysts’ price target is $7.24)
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. EPS beat estimates at $0.12 and revenues were at $48.84M. Production increased 17% over the previous year. The company should see free cash flow generation into 2022. Has decent cash balance and has shown strong revenue growth. Unlock Premium - Try 5i Free

WATCH
Fantastic CEO with a track record of growing businesses for the long term.
BUY ON WEAKNESS

A relatively new company. Pure play exposure to the Clearwater plays. It is the most economic play in North America that pay out in 6 months. They acquired assets from Cenovus for a position in the stock. Longer term plan in delineation and ramping production. Must buy into the longer term view since it is currently expensive. 4x in 2023, 5x in 2022 with scale. A little risky at current prices.

Showing 31 to 42 of 42 entries