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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

Comment by Stonksonlyup90on Apr 25, 2023 11:27pm
92 Views
Post# 35413811

RE:RE:RE:CIBC dumping

RE:RE:RE:CIBC dumping

They aren't 'burning cash', refer to their guidance on the last conference call - they expect to be modestly positive on a cash generation basis (slight loss for accounting because of depreciation). They also have this money in savings yielding 4-5%. However, your other points are correct.. Absolutely pathetic for a company to be sitting on 100% of their Market Cap in a Savings Account, return the cash to shareholders, these morons are asleep at the switch.

There doesn't need to be a 'sale' right before the boom cycle.. likely insiders take it private as management has completely embarrassed itself the last 10 years, this is their last ditch effort to at least break even on their investments. 

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