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Most Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)Nasdaq makes another record highThis summary was created by AI, based on 8 opinions in the last 12 months.
Experts are generally bullish on Headwater Exploration Inc., citing ongoing exploration success, strong balance sheet, and decent inventories. The company's management reports production remains on target for annualized production of 20,000 boe/d for 2024, and capital has been allocated on several projects for the balance of the year. They are also optimistic about the company's cash flow and dividend growth potential. Overall, there is a positive sentiment regarding the company's future prospects.
Great little small-cap name. Ongoing exploration success. A lot more running room. Should be trading at 70-80% upside from here. Yield is 6%.
Large selloff recently after a momentum frenzy in the sector, he added. Now about a 5.5% weight for him. Targets $11 price, 51% upside. Yield is 5.5%, which will grow over time.
Checks the boxes: quality management, strong balance sheet and have decent inventories.
Great exposure to the WCS-WTI gap shrinking this year as the Transmountain becomes fully operational later this year. The 6% dividend will grow 10-15% this year, and they plan to grow overall by 50% over 2023. Strong cash flow as they expand. Interesting exploration plans. Fantastic results.
(Analysts’ price target is $8.88)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%.
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.
Trades 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.
Purest 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)CEO 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.
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)Currently 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.
Headwater Exploration Inc. is a Canadian stock, trading under the symbol HWX-T on the Toronto Stock Exchange (HWX-CT). It is usually referred to as TSX:HWX or HWX-T
In the last year, 5 stock analysts published opinions about HWX-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Headwater Exploration Inc. .
Headwater Exploration Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Headwater Exploration Inc. .
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Headwater Exploration Inc. In the last year. It is a trending stock that is worth watching.
On 2024-12-06, Headwater Exploration Inc. (HWX-T) stock closed at a price of $6.82.
Our PAST TOP PICK with HWX has triggered its stop at $7. To remain disciplined, we recommend covering the position at this time. When combined with our previous recommendation this will result in a net investment gain of 2%.