RE:$130M writeoff of Canadian tax assets What relevance would this have to High Arctic on their Canadian non-cap losses?
I just pulled up Trican Well Servicings (energy service co) recent financials - in the past year they utilized $114M of their non-capital losses.. in ONE YEAR! (Note 14 if you care to look it up). They went from $175M in non-cap losses to $61M. Another year like last and they'll blow through any non-cap losses to utilize.
Non-cap losses can be carried forward for 20 years.. there is certainly value to be ascribed.