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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 Possibleidiot01on Jun 22, 2023 7:46pm
99 Views
Post# 35510363

RE:RE:rental business

RE:RE:rental business
colourama wrote: PI, are you comparing Total Oil Field Rental Services to HWO's Canadian rentals division? As far as I know, the Canadian rentals division (not including the disposed nitrogen services) had about .5M in revenue last quarter - so pretty small compared to the other parts of the business. I don't think any substantial valuation has been put on that business in the discussions I've seen on this board in a sum-of-parts analysis.





JonathanJSmithon Jun 22, 2023 9:53am
75 Views
Post# 35508905


(d) HAES Rentals Business + equipment - $10MM (This is off-the-cuff) based on $2.5MM per annum of FCF generated via its 50-60% margins.

colourama

I'm trying to figure what a marginal rental systems business ( where did you get the 0.5 million from? , curious) might be worth .
it's probable that Total is not a comparable , given that there seem to be a few one location shops around but how can you scale a half million dollar business to take advantage of those non capital business losses?
Especially since my understanding is you can only use those losses to offset gains.
Maybe living up to my name?
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