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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 Northforce13on Aug 04, 2023 8:49pm
195 Views
Post# 35574435

Shell Game/Scam

Shell Game/ScamThis whole load of bs, named "unlocking shareholder value", does the exact opposite, stealing the company's best assets and dumping them into a "foreign entity" that is not even going to be listed on stock exchanges does the EXACT OPPOSITE of "unlocking" value.  It locks in all the value and makes it inaccessible.  This is a con job. 

This whole deal appears designed to screw us over.

The biggest benefit to share holders would be to leave things as is.  I get the impression that Cyrus sees that PNG is going to explode the value of the company if the rigs reactivated, and they are setting up this whole scam deal to benefit themselves and shaft the other share holders.

Note:  I may be completely wrong, the whole deal appears very complex and hard to understand, but it sure as hell smells really, really bad to me.  
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