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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

Comment by AVALONSHARKon Mar 10, 2023 8:21pm
138 Views
Post# 35332089

RE:Everything

RE:EverythingNot sure if you know what you're talking about. High Arctic only pays about $3 mil in dividends per year (at current rate of $0.06/yr), with a cash balance over $ 50 million, net cash position high than $ 42 mil !!

A $68 mil market cap company with $42 mil net cash. All PNG, North American assets selling for $26 mil. The valuation is ludicrous so is management's communication to sell the story.
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