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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 14, 2024 12:39pm
193 Views
Post# 35880025

RE:PNG Clarity

RE:PNG ClarityThe thing is, I don't even care about PNG at this stock price - for instance, sell the PNG assets, set up a sustainable $0.005/month dividend coming from the Team Snubbing/Canadian Rentals, return $0.75 RoC (or more if PNG assets are sold), and we have >15% yield on remaining capital of $0.30 with an investment purchase at $1.05 today. That seems pretty good to me. If PNG goes anywhere, great - even better return profile.

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