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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 Apr 08, 2024 8:18pm
125 Views
Post# 35977969

RE:Team snubbing is on a tear too, we got dividend + RoC

RE:Team snubbing is on a tear too, we got dividend + RoCAll in all sounds very promising! The key question is, what is an appropriate value to place on the company, as it stands now? We are still trading below working capital, and I think not enough value has been placed on the current and future prospects for the Canadian business, which is much less speculative than PNG at the moment. If they institute the 0.005/month dividend again, at this price you are still getting a > 10% yield post RoC (assuming minimum numbers for RoC quoted).

Lots of value here and a significant amount of uncertainty has cleared up.

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