High Arctic Energy Services Inc T.HWO

Cyrus Capital likes to get paid?

[Possibleidiot01]

Can I point out that you often don't see this?

"Over the past ten years High Arctic has carried a conservative capital structure while returning significant shareholder value through dividends and share buybacks of approximately $110 million."

on a stock with a market cap of $77.46 million ( mostly $42 million cash ) at $1.59

[JonathanJSmith]

Yeah, but don't forget that before the pandemic they were paying around $0.20 annual dividend (since mid 2014) and before that ($0.12-$0.15 annual divvy). For sometime they've had more than 50MM shares outstanding. Over 10 years, this in itself is almost $100MM. Add to that the 5-7MM shares they bought back... $110MM :) Let's hope the next 10 years bodes as well. As mentioned in an

[impega]

Good summary JJ. I can see them wanting to restore the divvy to $0.20 a share ASAP. Especially with their immediate prospects in PNG.

[impega]

At today's price a $76 million mkt cap. This means $42 million in cash and $34 million for the PNG business and remaining Canadian assets (Team Snubbing). We all know how lucrative PNG can be when fully ramped up. Very compelling value indeed!

[longrun86]

After watching from the sidelines for a while I bought some shares today. I probably could have been a bit more discerning in my bid price but I always seem to lose out in the long run when I try and save a penny here and there on the entry price! I am hopeful that Cyrus treats us fairly. Downside scenario is that PNG doesn't happen the way we all would expect and that the cash gets