TSX:HWXOil and Gas
Is Headwater Exploration (TSX:HWX) Still Cheap After The Tamarack Valley Energy Deal?
Headwater Exploration (TSX:HWX) moved into the spotlight after Tamarack Valley Energy agreed to acquire the producer in an all-stock deal valued at about CA$3.2b, with investors set to receive Tamarack shares.
Headwater Exploration shares now trade at CA$13.51. While the 1-day and 7-day share price returns have slipped 1.82% and 4.99% as the Tamarack deal terms settle in, the year-to-date share price return of 41.61% and 1-year total shareholder return of 95.33% point to momentum that has...