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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 blackwolf25on Aug 21, 2024 6:27pm

RE:RE:RE:Got my shares

The book value of HWO currently reflects the amount of my investment post return of capital. There is a book value also attached to my HOH shares that when coupled with the HWO book value exceeds the ...more  
51
Discussion
Comment by auburn2on Aug 21, 2024 5:54pm

RE:RE:Got my shares

"Spoke with my broker yesterday re this, his suggestion is wait til weeks end the cost basis should be adjusted by then as it takes a couple days." What kind of adjustment did he say you ...more  
56
Discussion
Post by lngisformeon Aug 21, 2024 4:02pm

HGHAF resumes trading

See what tomorrow brings 
41
Comment by Ciaoon Aug 21, 2024 1:21pm

RE:"Each shareholder of the corporation received"

It looks like someone was confused as well given that the new HWO shares (post consolidated) traded for $2.70 on the first day of trading. They took the .74 price and multiplied it by 4 and came up ...more  
81
Discussion
Comment by Stonksonlyup90on Aug 21, 2024 12:32am

RE:RE:RE:Got my shares

According to Canadian Tax, a Return of Capital does directly reduce your tax basis (cost basis). The RoC itself is not taxed (it's not a dividend), but lowers your ACB and then when you go to sell ...more  
56
Discussion
Comment by colouramaon Aug 21, 2024 12:05am

RE:RE:Got my shares

I should add, by "old cost basis", I mean the cost basis that has already been reduced by the return of capital from last month.
32
Discussion
Comment by colouramaon Aug 21, 2024 12:04am

RE:Got my shares

I also received my shares this evening. I also have the same thing - a really low cost basis for the new HWO shares. I believe the new cost basis for HWO was calculated according to: (new HWO cost ...more  
53
Discussion
Post by auburn2on Aug 20, 2024 11:30pm

Book cost too low by half

Worked it out. I believe the book cost of my HWO shares needs to be doubled. Anyone else?
79
Comment by auburn2on Aug 20, 2024 10:46pm

RE:RE:Got my shares

In my case I'm pretty sure the issue goes back to how the cost basis dropped after the RoC. Now currently cost basis for ROH looks OK but way too low for HWO.
24
Discussion
Comment by auburn2on Aug 20, 2024 10:44pm

RE:RE:Got my shares

Hope so! That's good to hear it may get adjusted automatically. Probably should call in & ensure it's being addressed or it might get ignored/neglected.
25
Discussion
Comment by blackwolf25on Aug 20, 2024 10:39pm

RE:Got my shares

Spoke with my broker yesterday re this, his suggestion is wait til weeks end the cost basis should be adjusted by then as it takes a couple days.
31
Discussion
Comment by auburn2on Aug 20, 2024 10:38pm

RE:RE:RE:RE:RE:Got my shares

The root of the issue: the RoC dramatically reduced my cost basis, which should not have been the case in my thinking, but is the case according to what I've found online, such as here: https ...more  
45
Discussion
Comment by auburn2on Aug 20, 2024 10:08pm

RE:RE:RE:RE:Got my shares

Last statement doesn't show shares purchased in August.
30
Discussion
Comment by BigWillieon Aug 20, 2024 9:52pm

RE:RE:RE:Got my shares

no biggie, you can always override it, just save last month's statement with old HWO, number of shares, average cost etc. and do simple math with whomstever does yout taxes. Pay insurance 25$ and ...more  
52
Discussion
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