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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 Nov 16, 2023 5:16pm
183 Views
Post# 35740128

Breaking out of the downtrend

Breaking out of the downtrendI wonder when people have had enough selling here - it is not unrealistic even with just running out the lone rig contract to expect the cash balance to approach current marketcap in the next few quarters (assuming no other actions taken).

Meanwhile there is the perfectly functioning Canadian rental business and Team Snubbing pulling in a small but potentially steady yearly income of a couple of million being ignored. Team Snubbing itself, which is essentially at arms length to HWO management, has a value $10million to HWO, yet seems to have been given the "management discount" by investors.



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