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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 Oct 04, 2023 11:37am
132 Views
Post# 35669132

Adding shares

Adding sharesA part of me is really tempted to add here at this level, in spite of everything. We are back to approx the $45 mill cash + $10 mill Team Snubbing = $55 mill equity level. The risk/reward still seems relatively conservative here for any (any!) positive development out of PNG.
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