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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 Tradestayon Dec 29, 2023 11:27am
182 Views
Post# 35804013

Great acquisition

Great acquisitionIf the revenues will be trippled and we are only paying half of the cost upfront and performance determines how the rest is paid not bad. 

It takes away competition from Haes our existing business and add more customer based because of the combination and hopefully some synergies. 

The plus is wr get to further  utilize our tax credits as well with this acquisition. 

It seems they are going to separate PNG and Canada from the news release. They reiterated their position so close to the meeting, so get ready for two separate entity.  

Thoughts of the split are welcome. 

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