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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 longrun86on Jan 23, 2023 12:29pm
152 Views
Post# 35240020

RE:RE:Dual Listing on ASX?

RE:RE:Dual Listing on ASX?It could entirely be a hairbrained idea!

My view was that the company used to have meaningful operations in Canada that it managed. At this time the future of the Canadian operations appear to be far less substantial (unless they make an acquisition). Canadian investors have a home country bias and may be less interested in digging into a company with primary operations in PNG.

On the other hand, Australian based Oil & Gas companies are primarily involved in PNG (including the service businesses). The "mind of Management" also appears to have a substantial connection to Australia. For these reasons I envisioned there could be a case where Australian investors may be interested in HWO but the lack of an ASX listing means that the Company might not make their radar, or be a bit tricky for them to acquire shares.

I do know that NexGen (I am not a shareholder) has a dual listing but I haven't spent too much time looking to see if there are others.
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