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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 control and other oilfield equipment to exploration and production companies operating in Canada. In western Canada, it provides pressure control equipment on a rental basis to a number of exploration and production companies. Its North American service lines are oilfield rental equipment. Its rental services offer a lineup of oilfield rental equipment for drilling, completions, workover and abandonment oil and gas operations.


TSX:HWO - Post by User

Post by rdwwwon Apr 04, 2019 6:32pm
271 Views
Post# 29584809

nice acq

nice acqthe recent ALBERTA govt restriction on oil sands has not affected the sub10K BBL guys, so the rig count is actually up for them as is the price they get for pumping. So that could translate to HWO and in the US I think there is a fair amt of work since the shale plays are rapidly depleting reserves. That said, teh margins are tighter on those operations down there.

If Ghwar is pumping 25% less than the world thought they were capable of, well, there could be a reckoning one day. HWO would be ready for that day
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