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High Arctic Energy Services Inc T.HWO

Alternate Symbol(s):  HGHAF

High Arctic Energy Services Inc. is a Canada-based energy services provider. It provides drilling and specializes well completion services and supplies rental equipment, including rig matting, camps, material handling, and drilling support equipment. In western Canada, it provides pressure control equipment on a rental basis to a number of exploration and production companies. Its North American service lines include nitrogen and oilfield rental equipment. Its fleet of pumper units operate onsite to deliver nitrogen to the oil and gas industry when and where required. Its International Operations service lines include drilling rigs, workover rigs, worksite matting and rental equipment. Its fleet of specialized rental equipment includes camps, cranes, trucks, forklifts, pumps, gensets and lighting towers. It is also focused on offering pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells, along with other well site rental equipment.


TSX:HWO - Post by User

Post by oilbarronon Jul 30, 2014 12:51am
272 Views
Post# 22792795

This is a Gem

This is a Gem Patience is the better move. Unlike other LNG projects around the world PNG LNG is up and running. They have expanded their business and are serving Interoil as well and Oilsearch. I'm impressed by their discipline and disagree with the sentiment expressed on the board. Bellatrix issued new shares without clear direction to the market and the stock was beaten down for good reason. HWO had a very good reason to issue new shares - new rigs to service new contracts. This is a buying opportunity for long term investors like myself. They have a very profitable business in PNG. Long-term investors will be rewarded handsomely in my opinion.
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