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Energy investment firm Tamarack Valley Capital has finalized a merger agreement with exploration company Headwater in an all-stock transaction valued at approximately $10 billion. The consolidation aims to create a larger integrated player in the North American oil and gas sector.
Headwater Exploration has released its financial results for the fourth quarter of the year.
Headwater Exploration announced its latest financial results, reporting a non-GAAP EPS of $0.41 and revenue of $169.9 million. The company also declared a $0.12 dividend.
Headwater Exploration announced a net income of CAD 29.311 million for the fourth quarter.
Headwater Exploration has declared a dividend of CAD 0.11, indicating a return to shareholders.