Headwater Exploration Inc.HWX.TO

$12.26+0.17 (+1.41%)
TSXEnergy24:00 UTC

Company snapshot

Market Cap
$3B
Mid-cap
+7688%
2016 — today
10-Year Price
+2786%
2016 — today
52-Week Range
$6.61$13.60
Current $12.26· 81%

Headwater Exploration Inc. is a smaller-scale resource firm primarily focused on discovering, developing, and extracting petroleum and natural gas. Its activities are concentrated within the Western Canadian Sedimentary Basin and onshore regions of New Brunswick. The company holds ownership stakes in several key projects, including the McCully Field, situated northeast of Sussex, New Brunswick; the Clearwater play in Alberta's Marten Hills area; and the Frederick Brook shale gas prospect, also located in New Brunswick. The company was formerly called Corridor Resources Inc. before officially changing its name to Headwater Exploration Inc. in March 2020. Its main corporate office is based in Calgary, Canada.

Valuation in context

P/E ratio
21.1
Historically pricey
Historically pricey — last 10 years
P/B ratio
3.9
Near historic high
Near historic highs — last 10 years
EV / EBITDA
9.3
Historically pricey
Historically pricey — last 10 years
Dividend Yield
3.6%
Historically low
Historically low relative to the last 10 years
FCF Yield
2.3%
Below average
Below the 10-year average
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