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RBC Capital Markets Comments On Headwater Exploration's Q4 2023 Results
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RBC Capital Markets Comments On Headwater Exploration's Q4 2023 Results
Mar 11, 2024 8:34 AM

11:06 AM EDT, 03/11/2024 (MT Newswires) -- RBC Capital Markets said Monday that Headwater Exploration Inc. ( CDDRF ) 's results in the fourth quarter of 2023 included production volumes of 19,939 barrels of oil equivalent per day (boe/d) that aligned with estimates.

The results also comprised a "strong" cash flow per share of $0.34 on a $30 million capital program.

Headwater increased its 2024 guidance to $200 million from $180 million while leaving production guidance unchanged at 20,000 boe/d to accommodate land purchases, RBC said.

Price: 6.99, Change: -0.01, Percent Change: -0.14

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