RE:RE:ResultsA general rule for life - Do Not Argue with SHARKS, especially from the AVALON.
Other points to consider.
Second word in the comments isection s positive.
"Utilization of the Corporation’s Concord Well Servicing fleet in Western Canada was 44% in the Quarter versus industry utilization of 30% (source: Canadian Association of Oilwell Drilling Contractors “CAODC”) and increased 16% over Q3-2020 and 40% from the lows experienced in Q2-2020"
"The Canadian federal government’s $1.7 billion well abandonment and site reclamation stimulus plan announced in April 2020 has begun to benefit High Arctic, as the Corporation is able to use its’ expertise on this important initiative. High Arctic has directly applied for hundreds of wells across the first tranches of the Alberta and Saskatchewan controlled programs, with approvals for some of this work commencing during the Quarter. With tens of thousands of inactive oil and gas wells across western Canada, we would expect that over the stimulus period, there will be opportunity for High Arctic to participate in these positive ESG initiatives."
it is possible that unlike some companies who are staffing back up that HWO can perform some work immediately.
$22.6 million in cash important.