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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 longrun86on Apr 08, 2024 11:46pm
183 Views
Post# 35978169

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

RE:RE:Team snubbing is on a tear too, we got dividend + RoCValuation is certainly an art.

For what it is worth, my high level math regarding the share price is as follows:

   Low  Medium High   Notes
Cash           50,000,000              50,000,000            50,000,000    
Team Snubbing Value           12,000,000              12,000,000            12,000,000   50% Increase since the transaction
Delta Rentals              6,400,000                 6,400,000               6,400,000   Valued at Purchase Price. Too soon to tell.
HAES Rentals (Net)              7,000,000                 7,000,000               7,000,000    
Property Value (Net)              3,500,000                 3,500,000               3,500,000   Essentially valued at Net Book Value
PNG           25,000,000              50,000,000            75,000,000   Assume some level of return to profitabilty in 2026 and beyond.
         103,900,000           128,900,000         153,900,000    
           
Less: Margin of Safety              8,085,000              15,780,000            25,975,000    
            95,815,000           113,120,000         127,925,000    
Shares O/S           49,122,302        
           
Common Equity FMV                          1.95                             2.30                           2.60    
Share Price                          1.24                             1.24                           1.24    
Implied Upside                          0.71                             1.06                           1.36    
Implied Upside % 57% 86% 110%    


I am more than happy to hear from the group where others have their numbers coming in at.

LR

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