hammerhead energy inc hhrs stock shot up more than 113 on monday the canadian exploration and production company’s debut on the nasdaq comp and toronto stock exchange hammerhead merged with a blankcheck company last week the company is developing 107000 net acres within western canada’s montney trend and averaged production of 32081 barrels of oil equivalent last year and vowed to deliver “substantial production growth in 2023” hammerhead said it will provide 2023 guidance to investors when it releases its 2022 results scheduled for march 23