Hammerhead Energy Inc

Earnings data Q4 2022

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Earnings data Q3 2024

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Hammerhead Energy Inc. is an oil and natural gas exploration, development, and production firm.

CALGARY, AB , Dec. 20, 2023 /PRNewswire/ - Hammerhead Energy Inc. ("Hammerhead" or the "Corporation") (TSX: HHRS) (NASDAQ: HHRS) is pleased to announce that today at its special meeting (the "Meeting") of the holders (the "Shareholders") of Class A common shares of Hammerhead (the "Common Shares"), the Shareholders passed a special resolution (the "Arrangement Resolution") approving a plan of arrangement under Section 193 of the Business Corporations Act (Alberta), pursuant to which Crescent Point Energy Corp. ("Crescent Point") will acquire all of the issued and outstanding Common Shares and the Corporation will become a direct wholly owned subsidiary of Crescent Point. Shareholders (other than dissenting Shareholders) will receive, for each full Common Share held, $15.50 in cash and 0.5340 of a Crescent Point common share (the "Arrangement").

HAMMERHEAD ENERGY INC. ANNOUNCES SHAREHOLDER AND COURT APPROVAL FOR THE PLAN OF ARRANGEMENT

CALGARY, Alberta, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead" or the "Company") (TSX: HHRS; NASDAQ: HHRS) is pleased to announce that it has filed the management information circular ("Information Circular") and related meeting materials (together with the Information Circular, the "Meeting Materials") for the special meeting of holders ("Shareholders") of Class A common shares of Hammerhead ("Hammerhead Shares") to be held at 2400, 525 – 8th Avenue S.W., Calgary, Alberta, T2P 1G1 on December 20, 2023 at 8:30 a.m. (Calgary time) (the "Meeting").

Hammerhead Energy Inc. Announces Filing of Management Information Circular for Special Meeting of Shareholders

Crescent Point Energy

Crescent Point Energy Corp (TSX:CPG) stock tumbled Monday after the company announced plans to acquire Hammerhead Energy in a cash and stock deal.  The move will create the seventh-largest exploration and production company in Canada with expected production of more than 200,000 barrels of oil equivalent per day in 2024.

Crescent Point Energy to acquire Hammerhead Energy in C$2.55B deal

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce record financial and operating results for the third quarter of 2023. During the quarter, the Company maintained its planned two-rig program targeting Montney light oil, with a focus at North Karr. The critical new infrastructure expansion at South Karr has continued to be on time and on budget. Hammerhead also completed drilling of its first ever multi-well pad at South Karr (the nine-well 5-11 pad) which includes three new Lower Montney wells. These wells are expected to be brought on-stream when the South Karr facilities work is completed in December.

Hammerhead Energy Inc. Announces Record Financial and Operating Results for Third Quarter 2023 and a Corporate Transaction

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead") (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Crescent Point Energy Corp. (“Crescent Point”) (TSX: CPG ; NYSE: CPG) pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding Class A common shares of Hammerhead ("Hammerhead Shares") for total consideration of C$21.00 per Hammerhead Share (the "Purchase Price"). The proposed transaction (the "Transaction") is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta) and is expected to close in late December 2023.

Hammerhead Energy Inc. Enters into Agreement to be Acquired by Crescent Point Energy Corp.

HHRS trades at 3.98x EV/EBITDA with a guidance of producing CAD$263mm free fund flows in FY24. HHRS has restructured its debt, extinguishing its term loan and expanding its credit facility. Despite challenges in the first half of 2023, Hammerhead expects promising growth for the rest of the year, with increased production volumes and a better pricing environment.

Hammerhead Energy Is A Hidden Wall Street Gem

CALGARY, Alberta, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS; NASDAQ: HHRS) is pleased to announce the expansion of its credit facility to C$450 million (from C$350 million) effective September 27, 2023. The increase in the credit facility was achieved through a combination of increased commitments by the existing lenders and the addition of the Bank of Montreal into the lending syndicate. The Company is very pleased to have the Bank of Montreal join its lending syndicate and looks forward to a productive relationship with its entire banking syndicate.

Hammerhead Energy Inc. Announces Expanded Credit Facility and Repayment of Term Debt

CALGARY, Alberta, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Based upon continued strong execution in the field with respect to both costs and performance, Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce increased 2023 annual average production guidance of 41,500 boe/d3 from the previous estimate of 40,200 boe/d. Crude oil production is estimated to be 35% of production from a prior estimate of 33%. Since coming on production August 6th, performance to date on the 12-well North Karr 10-14 pad has thus far materially exceeded the Company's internal forecast, with peak pad production exceeding 17,800 boe/d3 (over 50% crude oil). As a result, field estimates of Hammerhead's corporate production volumes for the month of August averaged 48,500 boe/d3, while also having additional production “behind pipe” due to North Karr total production capability exceeding infrastructure capacity. Based on the current commodity price strip, the 12-well pad at North Karr 10-14 is currently on track to achieve payout6 in three months or less based on average DCET well costs of only $7.9 million per well.

Hammerhead Energy Inc. Announces Increased 2023 Production Guidance

CALGARY, Alberta, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (NASDAQ: HHRS, HHRSW; TSX: HHRS, HHRS.WT) today announced the “Fair Market Value” in connection with its previously announced redemption of its outstanding Public Warrants (as defined below). The Fair Market Value will be used to determine the number of Class A Common Shares (the “Common Shares”), that will be issued on a “cashless” exercise of a Public Warrant subject to the terms of the A&R Warrant Agreement (as defined below).

Hammerhead Energy Inc. Announces “Fair Market Value” in Connection With Redemption of its Outstanding Public Warrants

CALGARY, Alberta, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (NASDAQ: HHRS, HHRSW; TSX: HHRS, HHRS.WT) today announced that it will redeem for cash all of its outstanding public warrants to purchase its Class A Common Shares (“Common Shares”), originally issued as part of the units sold in Decarbonization Plus Acquisition Corporation IV's (“DCRD”) initial public offering (the “Public Warrants”) and originally issued pursuant to the Warrant Agreement, dated August 10, 2021 (the “Warrant Agreement”), by and between DCRD and Continental Stock Transfer & Trust Company, as warrant agent, and assumed by the Company pursuant to an amended and restated warrant agreement, dated February 22, 2023 (the “A&R Warrant Agreement”), by and among the Company, Computershare Inc. and Computershare Trust Company, N.A., as warrant agent (the “Warrant Agent”), for a redemption price of US$0.10 per Public Warrant (the “Redemption Price”).

Hammerhead Energy Inc. Announces Plans to Redeem Public Warrants

CALGARY, Alberta, Aug. 03, 2023 (GLOBE NEWSWIRE) --  Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce financial and operating results for the second quarter of 2023. During the quarter, the Company continued to execute on a two-rig program targeting Montney light oil growth in its three core areas (North Karr, South Karr and Gold Creek). The Company continues to progress critical infrastructure expansions which are on target to increase production capacity to over 80,000 boe/d. Operational cadence and execution during the quarter yielded significant and repeatable capital efficiency gains. Hammerhead's development program is targeting oil-weighted assets that continue to demonstrate productive capability and returns at levels among the strongest in North America.

Hammerhead Energy Inc. Announces Second Quarter 2023 Financial and Operating Results

CALGARY, Alberta, June 08, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead" or "HEI") (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce that on June 8, 2023, it held its annual and special meeting of shareholders. A total of 81,670,052 Class A common shares ("Common Shares"), representing approximately 89.77% of HEI's outstanding Common Shares, were represented in person or by proxy at the meeting.

Hammerhead Energy Inc. Announces Voting Results on Election of Directors at Annual and Special Meeting

CALGARY, Alberta, June 05, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead" or "HEI") (TSX: HHRS, HHRS.WT ; NASDAQ: HHRS, HHRSW) announces the results of its substantial issuer bid (the "Offer"), pursuant to which HEI offered to purchase for cancellation up to 20,000,000 of its warrants ("Warrants") to purchase Class A common shares ("Common Shares") of Hammerhead at a purchase price of US$1.00 per Warrant (the "Purchase Price"), and which expired at 5:00 p.m. (Eastern Daylight Time) on June 2, 2023 (the "Expiration Date").

Hammerhead Energy Inc. announces results of its substantial issuer bid

CALGARY, Alberta, May 19, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead" or "HEI") (TSX: HHRS, HHRS.WT ; NASDAQ: HHRS, HHRSW) announced today that that it has effected certain amendments to its previously announced substantial issuer bid (the "Offer") to purchase for cancellation up to 20,000,000 of its warrants to purchase Class A common shares of Hammerhead (the "Warrants") at a purchase price of US$1.00 per Warrant.

Hammerhead Energy Inc. announces amendments to its substantial issuer bid

CALGARY, Alberta, May 11, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce record financial and operating results for the first quarter of 2023. The Company continued to progress critical investments in infrastructure expansions that should allow for continuing record performance, achievement of half-cycle economics from new wells and material free cash flow generation going forward. The Company expects its oil production growth rates to exceed total corporate production growth, given the continued strength of the higher liquids-weighted Karr asset, which remains the Company's key area of focus for development.

Hammerhead Energy Inc. Announces Record First Quarter 2023 Financial and Operating Results

CALGARY, Alberta, April 27, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead" or "HEI") (TSX: HHRS, HHRS.WT ; NASDAQ: HHRS, HHRSW) is pleased to announce that it has commenced a substantial issuer bid (the "Offer") to purchase for cancellation up to 20,000,000 of its warrants to purchase Class A common shares of Hammerhead (the "Warrants") at a purchase price of US$1.00 per Warrant. The Offer will remain open for acceptance until 5:00 p.m. (Eastern Daylight Time) on June 2, 2023, unless withdrawn, extended or varied by Hammerhead.

Hammerhead Energy Inc. announces commencement of its substantial issuer bid for up to 20,000,000 of its Warrants

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CALGARY, Alberta, March 28, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead Energy” or “HEI”) (TSX: HHRS, HHRS.WT ; NASDAQ: HHRS, HHRSW) is pleased to announce record 2022 annual financial and operating results, year-end 2022 reserves and provide 2023 guidance.

Hammerhead Energy Inc. Announces Record 2022 Annual Results, 2022 Year-end Reserves and Provides 2023 Guidance

CALGARY, AB , March 10, 2023 /PRNewswire/ - Hammerhead Energy Inc. ("Hammerhead Energy" or the "Company") (TSX: HHRS) (TSX: HHRS.WT) (NASDAQ: HHRS) (NASDAQ: HHRSW) announces it will release 2022 year-end financial results, reserves information and 2023 guidance on March 28th, 2023 (previously scheduled for March 23rd, 2023). About Hammerhead Energy Inc. Hammerhead Energy is a Calgary, Canada-based energy company, with assets and operations in Alberta targeting the Montney formation.

Hammerhead Energy Inc. Announces Release Date of 2022 Year End Results, Year End Reserve Report and 2023 Guidance

Shares of Hammerhead Energy (NASDAQ: HHRS ) are trending on Wednesday. That's as HHRS stock climbed 32% at one point during the session.

Why Is Hammerhead Energy (HHRS) Stock Up Today?

Following a rough week on Wall Street, the major equity indices moved up, though hardly to the same degree as Canadian oil and natural gas exploration and production firm Hammerhead Energy (NASDAQ:HHRS). HHRS stock initially soared 70% on its first trading day, likely on the combination of present and future relevancies.

Hammerhead Energy (HHRS) Stock Soars on First Trading Day

Hammerhead Energy Inc. HHRS, +93.78% stock shot up more than 113% on Monday, the Canadian exploration and production company's debut on the Nasdaq COMP, +0.81% and Toronto Stock Exchange. Hammerhead merged with a blank-check company last week.

Hammerhead Energy stock more than doubles on equity markets debut

Decarbonization Plus Acquisition Corp IV

Hammerhead is expected to be dually listed on the NASDAQ and TSX, with its Class A common shares to commence trading on both exchanges under the ticker symbol "HHRS" Hammerhead is a Canadian oil and gas exploration and production company developing a 107,000 net acre resource base within the Montney Trend, a high performing onshore basin Hammerhead averaged production of 32,081 boe/d in 2022 and expects to deliver substantial production growth in 2023 while aiming to be free cash flow neutral and maintaining modest leverage at current commodity prices Hammerhead has established a goal of achieving net zero emissions on a Scope 1 and Scope 2 basis by 2030 Of the shares voted at the special meeting of DCRD's shareholders, 89% voted to approve the business combination Of the shares voted at the annual and special meeting of Hammerhead Resources shareholders, 99.4% of the common shares, preferred shares (on an as converted basis) and warrants entitled to vote on the business combination, approved the business combination CALGARY, AB and MENLO PARK, Calif. , Feb. 23, 2023 /PRNewswire/ -- Hammerhead Resources Inc. ("Hammerhead Resources"), a Canadian oil and gas producer, today announced the completion of its previously announced business combination with Decarbonization Plus Acquisition Corporation IV ("DCRD") (NASDAQ: DCRD).

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