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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 DudeRancher1953on Mar 23, 2021 11:59am
226 Views
Post# 32858283

RE:Resignation

RE:ResignationI think the CFO went through a very tough audit as the auditors opinion is quite long and well worth reading IMO. I have personally been involved in some tough audits where the CFO was under great pressure from the CEO to not right down assets when of course the auditors love to right down assets. In such cases the CFO is caught between the auditors and the CEO and it can be quite stressful.
So not sure if this CFO change is a huge negative. Seems to me that HWO is a binary opportunity -either the PNG business comes back OR it doesn't.
Lots of risk and lots of opportunity here IMO.
Holding for now. Might add to my position.
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