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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 Jun 20, 2023 9:22pm
116 Views
Post# 35506387

RE:RE:Absurd valuation - $2.34/share Book Value

RE:RE:Absurd valuation - $2.34/share Book Value

I would value it at a slight discount to the tax savings it would create. $130M at an effective tax rate of 25% would be $33M. Likely any transaction to surface this asset would result in a present value calc of that $33M... Even if you call it a present value of $25M, that's about $0.50/share.

I think an acquirer could structure the corp to scale the rentals business and surface the value of the tax assets.

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