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High Arctic Energy Services Inc T.HWO

Alternate Symbol(s):  HGHAF

Energy Oil & Gas Equipment & Services
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

High Arctic Energy Services Inc > Thoughts on news?
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Comment by SteveDeanon May 11, 2023 8:39pm
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Post# 35444490

RE:RE:Thoughts on news?

RE:RE:Thoughts on news?The $38.2M distribution is all cash. Quoting from the latter part of the press release:

Accordingly, the Corporation today has announced an intention to make a $38.2 million cash return of capital to shareholders and an intention to reorganize the legal entity structure.

Steve
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