11.29
-1.57%
Close of 9 Nov 2026, in CAD
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About Headwater Exploration
Its shares trade on Toronto Stock Exchange under the ticker HWX.TO. It has been listed since 16 May 1996. In the fiscal year to 31 December 2025, it reported revenue of C$514.3m and net income of C$153.2m. At that date it held total assets of C$995.2m and shareholders' equity of C$748.2m.
Headwater Exploration, Inc. engages in the exploration, development, and production of petroleum and natural gas. The company is headquartered in Calgary, Alberta. The firm's operating areas include Marten Hills and McCully Field. Marten Hills is located approximately 250 kilometer (km) north of Edmonton, Alberta within the Clearwater play. The company owns approximately 270 sections of Clearwater rights. The McCully Field is located approximately 10 km northeast of Sussex, New Brunswick in the farming community of Penobsquis. The company owns and operates a natural gas processing plant, with a processing capacity of 35 million standard cubic feet of gas per day (mmscfpd), and a 50 km transmission line connected to the Maritimes and Northeast pipeline.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 16 May 1996
- Employees
- 10
- Website
- corridor.ca ↗
Leadership
Pay as last reported
- Mr. Neil RoszellExecutive Chairman of the Board, since 2020C$2.4m
- Mr. Jason JaskelaPresident, Chief Executive Officer, Director, since 2020C$2.4m
- Ms. Ali HorvathChief Financial OfficerC$951,108
- Mr. Brad ChristmanChief Operating OfficerC$1.4m
- Mr. Terry DankuExecutive Vice PresidentC$1.2m
- Ms. Georgia LittleVice President - FinanceC$1.2m
- Mr. Wade HeinVice President - Operations
- Mr. Dieter DeinesVice President - Exploration
- Mr. Jeff MageeVice President - Engineering
- Mr. Scott RideoutVice President - Land
- Mr. Edward BrownCorporate Secretary
- Mr. Kevin OlsonLead Independent DirectorC$175,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 21
- Environment
- 12
- Social
- 19
- Governance
- 32
- Direct emissions (scope 1)
- 149,370 t
- Energy emissions (scope 2)
- 1,700 t
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Headwater Exploration Inc boasts a strong financial position, allowing the company to invest in exploration activities, expand its market presence, and pursue potential growth opportunities. This financial stability provides a competitive advantage in the industry.
- The company possesses a high-quality asset portfolio comprising valuable oil and gas reserves. This diverse and extensive portfolio enhances Headwater Exploration Inc's production capabilities, enabling it to meet the fluctuating energy demands of the market effectively.
Weaknesses
- Headwater Exploration Inc's performance is heavily influenced by the volatility of commodity prices, particularly oil and gas. Fluctuations in prices can impact the company's profitability and pose challenges to its revenue generation and operational efficiency.
- The company's operations are currently confined to specific geographical regions, which can expose Headwater Exploration Inc to geopolitical risks, regulatory barriers, and potentially limit its exposure to new market opportunities. Expanding its geographical presence could mitigate such limitations.
Opportunities
- With increasing global energy demand and the transition towards cleaner sources, Headwater Exploration Inc has an opportunity to capitalize on the growing market for sustainable energy solutions. The company can adapt its operations to include renewable energy sources such as wind or solar power.
- Rapid advancements in technology, such as enhanced drilling techniques and data analytics, present Headwater Exploration Inc with the opportunity to optimize its exploration and production processes. Embracing innovative technologies can lead to improved operational efficiencies and cost-effectiveness.
Threats
- Increasing focus on environmental sustainability and stricter regulations pose a threat to Headwater Exploration Inc's traditional fossil fuel-based operations. The company must adapt to evolving environmental standards and explore greener alternatives to ensure long-term viability.
- The energy industry is highly competitive, with numerous players vying for market share. Headwater Exploration Inc faces the challenge of competing against established industry giants and smaller, agile competitors. The company must continually innovate and differentiate itself to maintain a competitive edge.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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