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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. The Company 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. The Company’s 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. The Company 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

Comment by MiguelSanchez1on Mar 13, 2021 9:27am
265 Views
Post# 32792400

RE:RE:RE:RE:Results

RE:RE:RE:RE:ResultsThanks Avalon. I missed the cc and they still haven't uploaded transcript or replay.... What I am unclear on is what kind of contracts they will have for drilling once travel resumes. What is simply production maintence and what is exploration, etc. Oil search said no exploration in 2021 but they also said they are conducting seismic in 2021 with obvious intentions to do more drilling in the future where the prospects look best. I think we are in the darkest days in q1 and outlook will only improve going forward. Price is still reflecting zero drilling, EVER. This is obviously not true and even if PNG disapoints for High arctic (i don't think it will, in fact probably opposite as decade goes on), this is still a valuable part of their business and stock is a minimum 3-4 dollar stock even in worst case scenario. My base case goal is 10$ by 2025/26. PNG should be absolutely full force by 2027. I expect prospects peak in that time frame for valuations and activity
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