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Bullboard - Stock Discussion Forum 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... see more

TSX:HWO - Post Discussion

High Arctic Energy Services Inc > Great acquisition
View:
Post by Tradestay on Dec 29, 2023 11:27am

Great acquisition

If the revenues will be trippled and we are only paying half of the cost upfront and performance determines how the rest is paid not bad. 

It takes away competition from Haes our existing business and add more customer based because of the combination and hopefully some synergies. 

The plus is wr get to further  utilize our tax credits as well with this acquisition. 

It seems they are going to separate PNG and Canada from the news release. They reiterated their position so close to the meeting, so get ready for two separate entity.  

Thoughts of the split are welcome.
Comment by Resilience2 on Dec 29, 2023 3:56pm
Just to manage expectations, as also stated in the NR: In principle the meeting will NOT be about the reorganization. Just the vote. I personally hope that VN-Capital & Management are in constructive conversations before the vote. Otherwise I think the vote is a waste of time if Cyrus is not on board with them. R. 
Comment by Northforce13 on Dec 29, 2023 5:36pm
"It seems they are going to separate PNG and Canada from the news release. They reiterated their position so close to the meeting, so get ready for two separate entity.   Thoughts of the split are welcome. " Well if they split it into a canadian listed canada based public company with publicly trade shares I'm fine with that, and so is everyone else.   It ...more  
Comment by auburn2 on Dec 29, 2023 5:56pm
Logan Energy and Arrow Energy are two examples of recentg spinouts listed on the TSX Venture. No reason why High Arctic International can't be listed on the Venture as well. As mentioned, longrun is an excellent value investor who was with me at Macro when we were taken private. Chapter Twelve says the company was stolen from us: https://chaptertwelve.substack.com/p/macro-enterprises ...more  
Comment by auburn2 on Dec 29, 2023 6:01pm
Correction: at Macro were forced to sell so management could take it private for themselves. At HWO we were going to be allowed to go private. In any case, I didn't want private shares nor did most others. The sitaution was very unusual. Every experienced person I asked about it had never seen anything like it. A public listing has increased costs, but the costs are well worth it for the vast ...more  
Comment by Northforce13 on Dec 30, 2023 8:49pm
Wow, I was in Macro as well, and I have the same perception that the company was stolen out from under the share holders (myself included) by management.  Amazing. Going to read that chapter 12 article, his other articles on High Arctic and Home Capital were truly excellent.