Headwater Exploration Inc. (TSE:HWX) has released an update.
Headwater Exploration Inc. reported a robust financial year for 2023, with a 12% increase in sales and a 14% rise in adjusted funds flow from operations, despite a slight dip in net income. The company demonstrated operational growth with a significant boost in heavy crude oil production and declared a substantial increase in dividends per share from the previous year. Capital expenditures saw a reduction from 2022, signaling a strategic focus on financial efficiency and shareholder returns.
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