Tributary Exploration: The Headwater 2.0 Hidden in the Tamarack-Headwater Merger
The headline transaction is easy enough to understand. Tamarack Valley Energy (TSX: TVE) and Headwater Exploration (TSX: HWX) are combining in an all-stock merger valued at roughly C$10 billion, creating by far the largest publicly traded producer focused entirely on Alberta’s Clearwater. The rest of the deal takes considerably more work. Headwater shareholders will receive one Tamarack share… Read More »