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.

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High Arctic Energy Services Inc > Turn Around

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Comment by Stonksonlyup90on Mar 28, 2023 12:02pm

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Post# 35364734

RE:RE:Turn Around

If there are future capital requirements, they should fund out of cash flows! Where the requirement is greater than cash flow they should finance with debt (especially debt denominated in PNG currency if they are forced to use PNG currency on future contracts) - the debt financing would provide a natural hedge.

^All of the above likely goes over the head of the incompetent Finance/Management in place!

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