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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

Post by colouramaon Aug 25, 2023 7:06pm
203 Views
Post# 35606238

PNG rights offering - determining price

PNG rights offering - determining priceI know essentially nothing about the details of rights offerings, but it is interesting from an optimization perspective:

- If the rights offering price is too low, then shareholders may engage in action as it certainly is far from unlocking value.

- If the rights offering price is too high, not enough shareholders will exercise their rights, forcing a relatively large financial backing from somewhere.

So essentially, what is the lowest price they can get away with to avoid either of the two above outcomes?

My best guess is a price set modestly above book value. But that's just pure speculation.

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