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Bullboard - Stock Discussion Forum High Arctic Energy Services Inc T.HWO

Alternate Symbol(s):  HGHAF

Energy Oil & Gas Equipment & Services
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 Ciaoon Aug 16, 2024 12:52pm

RE:RE:RE:RE:Valuation

Yes, that is one way to value it.   Then again, why does HWO drop from the equivalent of $2.96 yesterday to say $1.80 now. Anyone could have sold their shares for .76 ($2.96 equivalent ...more  
76
Discussion
Comment by blackwolf25on Aug 16, 2024 12:45pm

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

I stand corrected, yes USD, thus valued $10 million below working capital.
38
Discussion
Comment by Stonksonlyup90on Aug 16, 2024 12:25pm

RE:RE:RE:RE:RE:Valuation

That $19m was USD was it not?
37
Discussion
Comment by blackwolf25on Aug 16, 2024 12:24pm

RE:RE:RE:RE:Valuation

Further, the $1.16 price left to HOH implies a $14.4 MC, some $4.5 million under working capital of $19 million.
41
Discussion
Comment by blackwolf25on Aug 16, 2024 12:20pm

RE:RE:RE:Valuation

HWO closed yesterday at $.74, times 4 equals $2.96. Les the $1.8 current leaves $1.16 for HOH which equals the amount down the price ticker on RBC is presenting,
50
Discussion
Comment by Ciaoon Aug 16, 2024 11:51am

RE:RE:Valuation

Market hasn't figured out what fair value is. Yesterday HWO was trading for the equivalent of $2.76 at the close. Those who bought shares yesterday and for a few weeks were not entitled to HOH ...more  
75
Discussion
Comment by blackwolf25on Aug 16, 2024 11:46am

RE:Valuation

So let me get this straight, HOH with $19000000 working capital and 12448166 shares outstanding would conceivably trade at $1.52 , given HWO  market cap just over $24000000 based on $1.96 current ...more  
75
Discussion
Comment by BigWillieon Aug 16, 2024 11:14am

RE:Valuation

in simple terms, fair price for HOH should be around 1.5$-1.2$/share. HOH doesn't show in my holdings yet. Next week maybe? 
65
Discussion
Post by AVALONSHARKon Aug 16, 2024 9:59am

Valuation

HWO is trading at $23-$24mil HOH hasn't started but the open price is $ 15mil ROC was $38mil I suspect HOH will trade below cash value since this is a cash flow negative operation as of today ...more  
191
Discussion
Comment by auburn2on Aug 14, 2024 12:08pm

RE:RE:RE:RE:RE:Total working capital at C$31.07 million

It's also about having tiny market caps. Easier to multiply them. Ground floor opp.
60
Discussion
Comment by JonathanJSmithon Aug 14, 2024 8:56am

RE:RE:RE:RE:Total working capital at C$31.07 million

Valuation of NOLs is tricky. However, a cursory valuation could be: $130MM x 25% (assumed corporate tax rate) = $32.5MM x 30% probability of usage ~= $10MM. Of the $0.74 current price, $0.50 ...more  
120
Discussion
Comment by auburn2on Aug 14, 2024 12:36am

RE:RE:RE:RE:RE:Total working capital at C$31.07 million

They can be carried fwd 20 yrs. Read this: "If BNE had any large tax pools they probably would be a takeover target today."
59
Discussion
Comment by BigWillieon Aug 13, 2024 11:20pm

RE:RE:RE:RE:Total working capital at C$31.07 million

by itself, tax loss pool has no value, unless HWO finally begin making A LOT of cash, which is nowhere in the picture currently. Isn't there a timer on it also? Merger/accuisition is usually a rip ...more  
92
Discussion
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