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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 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

High Arctic Energy Services Inc > rental business
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Comment by Stonksonlyup90on Jun 22, 2023 10:54pm
84 Views
Post# 35510610

RE:RE:RE:RE:rental business

RE:RE:RE:RE:rental business

Colourama, operating margins are about 50% on the Ancillary Services segment (rentals) - Note 15.

So if the rentals business is doing $2M or revenue a year, they are generating about $1M of profit. Can throw a pretty healthy multiple on that.

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