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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

Post by Possibleidiot01on Aug 13, 2021 1:50pm
208 Views
Post# 33701481

Q2

Q2"Near term activity across High Arctic’s three operating segments in both Canada and PNG are expected to increase given the improving and stabilizing economic environment. We expect our customers, now buoyed by high commodity prices and improved balance sheets, to increase their activity to boost production."

Q2 better than expected .little evidence of typical spring slowdown in Canada

Lots of potential levers - especially PNG .
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