High Arctic Energy Services Inc T.HWO

Bad news

[blackwolf25]

someone wanted out, mass capitulation. Either we are going to hell in a hand basket, or this is incredible opportunity. I am inching towards the former, unfortunately. Oh, how to stay sane amongst the madness.

[JonathanJSmith]

Perhaps management will finally buy some shares via their NCIB. Their purchasing has been non-existent this year - pathetic. Holy USD dollar Batman! The way the US is raising interest rates there's no easing in sight; according to Powell, they won't stop raising rates until inflation is addressed - my guess, it'll be another 1.5% hike over the next couple of sessions rendering a US/CAD

[AVALONSHARK]

The current market cap is $58 mil while they will have close to $56 mil in cash come January !!. If this is not a steal I dont know what is. Nothing has changed fundamentally, even if the world goes into a deep recession the need for LNG isint going away anywhere and Papua LNG and Pnyang LNG are going ahead. High USD is good for them, they get paid in USD in PNG. This is like someone paying you

[Possibleidiot01]

I haven't been paying attention to HWO for a few reasons but basically because I'm not concerned about my investment in the company. That amount of cash does provide a significant margin of safety. Maybe I picked a great time to check on the board?

[Possibleidiot01]

Spent the last day or so , thinking about why the price doesn't reflect the business prospects and the cash on the books. Maybe it's the lack of nalyst coverage? It could be fear that oil and natural prices fall - exploration is a cyclical thing. We appear to be in a multi year upccyle based on all the evidence - like Shawcor's pipeline coating awards. Another fear could be

[JonathanJSmith]

That's a good question...why? You mentioned some valid points and I agree that we're in a secular bull market (which should last several years). A couple of other reasons why the stock isn't performng well could be: (a) macroeconomic environment - we're heading into a recession and as they say, "a lowering tide lowers all boats." (b) Although Maquire hinted at a lot of

[DudeRancher1953]

You raise good points as does JonSmith in his reply to you. I would just add that some (like me) have concerns regarding a potential for increased cash burn due to delayed PNG rig deployment, G&A expenses without contribution of CDN operations and the unknown of additional capital expenditures that may be needed for rig upgrades/additions.