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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. The Company provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta. The Company's operations involve the rental of pressure... see more

Bullboard (TSX:HWO)

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Comment by auburn2on Aug 16, 2024 4:34pm

RE:RE:RE:Valuation

Not sure what your point is. Lots of thinly traded companies on the TSX and TSX-V trade well above cash with plenty of optimism baked in.
Comment by BigWillieon Aug 16, 2024 3:39pm

RE:RE:Valuation

Auburn, I hear you, but market does not care. With such thin trading, both HWO and HOH are untouchable for institutional investors, essentially illiquid. You'd have to ussfoot for weeks and months ...more  
Comment by auburn2on Aug 16, 2024 3:36pm

RE:RE:RE:Valuation

Avalon suggested HOH should trade below cash, but he sold out his position so is biased.
Comment by YupnDumpon Aug 16, 2024 3:21pm

RE:RE:RE:Valuation

is it worthless now.???
Post by YupnDumpon Aug 16, 2024 3:21pm

IS IT BEING DELISTED

cannot sell because of possile delisting. WTPHOCK is happening?? does ir belong in the midden fields??
Comment by blackwolf25on Aug 16, 2024 3:17pm

RE:RE:Valuation

Who is actually valuing it below cash? 
Comment by auburn2on Aug 16, 2024 3:04pm

RE:RE:Valuation

Investors and traders regularly value companies on perceived potential, not as cigar butts worth the most pessismistic bare minimum.
Comment by auburn2on Aug 16, 2024 2:54pm

RE:Valuation

Mike says even without rig 103 they are generating cash to partially cover fixed costs. If you think something should trade below cash because they aren't currently cash flow positive, you aren ...more  
Comment by blackwolf25on Aug 16, 2024 2:20pm

RE:"Each shareholder of the corporation received"

HOH is not showing in my account yet viewable on RBC. It's not trading. What we are seeing with HWO is just that, I'd bet Monday HOH shows up with a value and HWO continues as is.
Post by auburn2on Aug 16, 2024 1:56pm

"Each shareholder of the corporation received"

This is what confused me. So what was the actual record date for receiving spin-co shares? Not sure why they were not perfectly clear and why a halt was not issued to ensure everyone would have their ...more  
Comment by BigWillieon Aug 16, 2024 1:34pm

RE:RE:Valuation

No. It is 3.48 divided by 2. we get a 1/4 share of HWO and another 1/4 share of HOH for each present share of HWO. which means we are getting a 1/2 share combined.  right now combined value for ...more  
Comment by auburn2on Aug 16, 2024 1:28pm

RE:RE:RE:RE:RE:RE:RE:Valuation

Seems like those buying this week were not getting spinco shares? Strange as I have noted it was not clear when the record date was for the spinco shares.
Comment by Ciaoon Aug 16, 2024 1:25pm

RE:RE:RE:RE:RE:RE:Valuation

Maybe I'm wrong here. I thought that record date for return of capital would also be for HOH shares. From Aug 12 news release, why does it say "received" using past tense each ...more  
Post by auburn2on Aug 16, 2024 1:20pm

New shares

Does anyone here have their new shares yet? Also, those buying yesterday weren't getting spin-co shares?
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