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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

Comment by MiguelSanchez1on Mar 13, 2021 9:27am
294 Views
Post# 32792400

RE:RE:RE:RE:Results

RE:RE:RE:RE:ResultsThanks Avalon. I missed the cc and they still haven't uploaded transcript or replay.... What I am unclear on is what kind of contracts they will have for drilling once travel resumes. What is simply production maintence and what is exploration, etc. Oil search said no exploration in 2021 but they also said they are conducting seismic in 2021 with obvious intentions to do more drilling in the future where the prospects look best. I think we are in the darkest days in q1 and outlook will only improve going forward. Price is still reflecting zero drilling, EVER. This is obviously not true and even if PNG disapoints for High arctic (i don't think it will, in fact probably opposite as decade goes on), this is still a valuable part of their business and stock is a minimum 3-4 dollar stock even in worst case scenario. My base case goal is 10$ by 2025/26. PNG should be absolutely full force by 2027. I expect prospects peak in that time frame for valuations and activity
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