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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 colouramaon Feb 06, 2024 11:43am
162 Views
Post# 35865399

RE:RE:RE:Here we goooooo!

RE:RE:RE:Here we goooooo!Let's even forget about PNG: If I invest $1.10 at the moment, and assume that $0.75 is returned by the RoC (which I guess we have to discount a little because of management's history), then I have $0.35 capital invested.

As mentioned by a previous poster here, if they can maintain their $0.005/month dividend from just the Canadian operations alone (feasible with the ~$2 million cash flow from the Delta acquisition, the Team Snubbing, and existing Canadian rentals), then I am receiving ~15% dividend yield, and a free lottery ticket if you will on PNG.

Nothings a sure thing but seems a pretty good risk/reward ratio to me, and we don't even need to place any expectations on PNG.

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