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High Arctic Energy Services Inc T.HWO

Alternate Symbol(s):  HGHAF

Energy Oil & Gas Equipment & Services
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

High Arctic Energy Services Inc > Special Dividend?
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Comment by JonathanJSmithon Jan 06, 2023 11:36am
144 Views
Post# 35206981

RE:RE:RE:RE:Special Dividend?

RE:RE:RE:RE:Special Dividend?
I agree w/the Dude. It makes no sense for management to sell the company at this stage; they're just getting ready to "beat past peaks" according to Maguire. If they decide to sell, the time will be when they're bringing in $40-$50MM of FCF. At that point they could fetch $5+/sh.

Also, there's no way that Cyrus would be able to buy the company for $2-$3/sh. The minority shareholders (excl. management + Cyrus) would never agree to it, and a Class Action Lawsuit would ensue.

I'm interested to see how everything plays out. :).
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