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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 colouramaon Apr 12, 2023 4:22pm
91 Views
Post# 35391523

RE:Knock the stuffing out of this why don’t we.

RE:Knock the stuffing out of this why don’t we.Are the sellers forgetting that the company has $42 million in net cash? That gives effectively, what $16 million for non-cash assets that are generating positive cash flow if I am not mistaken? (even if only one rig is currently operating). Regardless of the grievances about management, I feel that the risk/reward is quite favourable at this price, provided we are patient.
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