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High Arctic Energy Services Inc T.HWO

Alternate Symbol(s):  HGHAF

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

Comment by DudeRancher1953on Aug 04, 2023 8:55am
111 Views
Post# 35572888

RE:RE:RE:Very interesting

RE:RE:RE:Very interestingAvalon,
We still don't know the details of the rights offerring regarding International.
I have some experience with rights offerings related to the same entity equity. These, sometimes deep-discounted, rights offerrings basically motivate sgareholders to exercise their rights to avoid dilution. If a shareholder does not exercise their rights there is often a clause that allows the unsubscribed rights to be allotted to others who have oversubscribed.
Purely speculating here, however there may be a group of individuals who want to buy International (essentially PNG ops) and pay on the cheap side. With the allocation of rights option, it can be said that all shareholders were treated equally.
A cash offer to buy International would be subject to scrutiny in regards to what is fair value.
Again, the above is pure speculation on my part and hopefully we'll get the details soon.
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