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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 Oct 01, 2023 12:56am
141 Views
Post# 35663701

RE:RE:RE:RE:RE:Positive

RE:RE:RE:RE:RE:PositiveThe PNG update portion of the NR is borderline inappropriate for management to make in my opinion.

You are telling me that either

1. PNG LNG just published an update to their project in the last month, adding surprise roads to the plan,

or

2. Management somehow was unaware of an existing PNG LNG project road plan until right at this moment

or

3. Management is being deliberately misleading in their statement and spinning something negative to dampen investor interest in the company.

Presumably it will be easy to discover if #1 were the case, although I don't know how to dig for public updates.

Otherwise, 2 is serious incompetence in their job, or 3 is decidedly shareholder hostile actions. If it is 2 or 3, it's time for the board to force a cleanout of management for, in my opinion, being actively hostile to shareholders of the company, the exact opposite to what they are hired for.
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