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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 JonathanJSmithon Oct 28, 2022 4:09pm
282 Views
Post# 35056799

Money coming in soon!

Money coming in soon!The company has a substantive amount of cash coming in soon. Perhaps Maguire/Mierendorf can negotiate with Cyrus Capital to buy back some of their shares; in this manner they can reduce the outstanding share count w/o having Cyrus' percentage ownership grow (they're around 45% now); if it's not feasible, then perhaps they'll raise the monthly dividend back to previous levels. I'd love to get a 10%+ divvy while waiting for further contracts to be signed.

Cheers and good luck,

JJ
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