TSX:HWXOil and Gas
Does Headwater Exploration’s (TSX:HWX) 2026 Plan Reveal Its Ideal Balance Between Growth and Dividends?
Headwater Exploration recently approved its initial 2026 budget, targeting annual production of 24,500 boe/d with around 8% year-over-year production per-share growth, supported by a 37% reinvestment rate at US$60.00/bbl WTI while maintaining a US$0.44 per-share annual dividend and positive exit adjusted working capital.
The combination of planned production growth, relatively modest reinvestment, and an affirmed quarterly dividend of US$0.11 per share highlights a balanced approach to...