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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 AVALONSHARKon Aug 13, 2024 1:56am

RE:RE:RE:New Press Release - High Arctic Announces Completion of Previously Announced Reorganization and Intention to Announce 2024 Second Quarter Results

.....and in other news Papua LNG pushed back to 2026, it is close to being shelved at this point. The project was supposed to get FID in 2019 !! Now the Spinco has almost no revenue right now and ...more  
Comment by colouramaon Aug 13, 2024 12:25am

RE:RE:New Press Release - High Arctic Announces Completion of Previously Announced Reorganization and Intention to Announce 2024 Second Quarter Results

As far as I understand, any shareholder who bought shares up until the close today (Monday) will have their shares converted. I imagine a trading halt will be applied on the old HWO ticker starting ...more  
Comment by colouramaon Aug 13, 2024 12:14am

RE:New Press Release - High Arctic Announces Completion of Previously Announced Reorganization and Intention to Announce 2024 Second Quarter Results

Interesting that HWO retains just 5 mill working capital (4 million cash), while PNG spinco has the rest. With barely any working capital to kickstart a Canadian M&A strategy, I wonder if this ...more  
Comment by auburn2on Aug 12, 2024 11:28pm

RE:New Press Release - High Arctic Announces Completion of Previously Announced Reorganization and Intention to Announce 2024 Second Quarter Results

"each shareholder of the Corporation ("Shareholder") received as consideration, one-quarter of one (1/4) common share of SpinCo ("SpinCo Common Share") and one-quarter of one  ...more  
Comment by Stonksonlyup90on Aug 12, 2024 10:55am

RE:RE:Tax Implications of Spin Co

Thanks, similar to what I had assumed. Just need to dig through the filings when I get a chance and see what proportion they are assigning to each company (ie - 50/50, 60/40)
Comment by JonathanJSmithon Aug 12, 2024 9:37am

RE:Tax Implications of Spin Co

Stonks: I found this regarding your question: How to Calculate Cost Basis After a Spin-Off (sapling.com) Remember, if your cost basis was less than you received with the RoC, then the difference is ...more  
Post by Stonksonlyup90on Aug 11, 2024 5:10pm

Tax Implications of Spin Co

Apologies if this has already been discussed, but how is the tax basis for Legacy $HWO & New Spin Co being treated for tax purposes (in the future when one goes to sell. Realize there are no tax ...more  
Post by colouramaon Aug 11, 2024 1:52pm

Spin Co listing on Monday?

They received TSX-V approval for listing of PNG Spin Co, expected on or about August 9th (Friday). Are we thinking Monday as the start of trading of the PNG Spin Co? Interested to see how the two ...more  
Post by whytestockson Aug 02, 2024 10:16pm

High Arctic Announces TSX Venture Exchange Conditional Appro

NEWS: $HGHAF High Arctic Announces TSX Venture Exchange Conditional Approval of Listing of SpinCo SharesNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY ...more  
Comment by auburn2on Aug 02, 2024 1:04pm

RE:RE:RE:Market cap $35m, working capital $33m, cash balance $22m

It was Morgan Stanley buying up all the shares then dumping them for an immediate loss. Weirdest trading I've seen in a while.
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