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High Arctic Energy Services Inc T.HWO

Alternate Symbol(s):  HGHAF

High Arctic Energy Services Inc. is engaged in provision of 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 in Canada. Its segments include Rental Services and Production Services. The Production Services segment operations consist of Company’s idled snubbing units in Colorado, United States. The Rental Services segment consists of High Arctic’s oilfield rental equipment in Canada centered upon pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells. The Company offers an extensive line up of oilfield rental equipment for drilling, completions, workover and abandonment oil and gas operations.


TSX:HWO - Post by User

Comment by Houndtraderon Oct 08, 2014 2:34pm
176 Views
Post# 23011088

RE:RE:Recent Decline

RE:RE:Recent DeclineMost stocks are down under 50 and 200 day averages. October has always been a sell month, the last couple of years. Oil, down, Political talks, and markets don't like unknowns, I believe Alcoa starts off the earnings tonite after hours, If they can get good earnings, maybe the market will rebounce.I bought more shares in this stock, and bought a few others, where the prices have dropped considerable. I believe this is short lived. Also to mention the new rig they purchased. I can't see them ordering a new rig and seeing sit idle,must be something coming pertaining to it,I would assume. Maybe they announce in earnings report coming in November.
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