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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 Stonksonlyup90on Apr 14, 2023 11:24pm
115 Views
Post# 35396381

RE:$130M writeoff of Canadian tax assets

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.

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