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Cenovus and Headwater announce the closing of $227.5 million bought deal secondary offering of Headwater common shares

Cenovus Energy Inc. and Headwater Exploration Inc. have closed the previously announced bought deal secondary offering of common shares of Headwater . The Offering was completed on a bought deal basis, pursuant to an underwriting agreement dated effective September 27, 2021 among the Company, Cenovus, Cenovus Marten Hills Partnership, a wholly-owned subsidiary of Cenovus and a syndicate of underwriters led by Peters . ....

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Observers see rays of hope for 2021 in Canada's gloomy oil and gas sector | iNFOnews


Dan Healing
Neil Roszell, CEO of Headwater Exploration, at the company s office in Calgary, Alta., Wednesday, Dec. 9, 2020.THE CANADIAN PRESS/Jeff McIntosh
December 20, 2020 - 7:00 AM
CALGARY - The sombre mood that has gripped the Calgary-based oilpatch for several years is starting to show flickers of hope, with more financially secure companies making moves to grow in 2021.
Recent export pipeline news is offsetting the ongoing reality of volatile commodity prices, general investor distaste for the sector and regulatory uncertainty and leading to more mergers and targeted increases in capital spending plans, observers say.
The oilpatch has changed again. I think it s changed forever in a few fashions, said veteran oilman Neil Roszell, CEO of newly created Headwater Exploration Inc., in an interview. ....

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