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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 Stonksonlyup90on Mar 28, 2023 12:02pm
136 Views
Post# 35364734

RE:RE:Turn Around

RE:RE:Turn Around

If there are future capital requirements, they should fund out of cash flows! Where the requirement is greater than cash flow they should finance with debt (especially debt denominated in PNG currency if they are forced to use PNG currency on future contracts) - the debt financing would provide a natural hedge. 


^All of the above likely goes over the head of the incompetent Finance/Management in place!

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