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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 colouramaon Aug 25, 2023 6:58pm
110 Views
Post# 35606223

RE:Coordinated push lower

RE:Coordinated push lowerJust like the sell-off under $1 a few months ago, I don't understand the selling here. Even if someone has no interest in exercising their rights to PNG, I can't imagine the ROC + proceeds from rights would be less than the current SP. That would mean PNG rights offering set at about $0.60 cents - surely a non-starter. Who knows though, perhaps I am totally wrong. I guess we will see in a few weeks!

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