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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 Stonksonlyup90on Nov 28, 2023 2:19pm
214 Views
Post# 35756852

Place your bets

Place your bets

We are about to turn the page into the month of December. Management disclosed their intention to initiate a $38.2M tax free return of capital and reorganize the business on MAY 11, 2023. 

In that press release they anticipated a special shareholder meeting to be held "before the end of September 2023".

It has now been nearly EIGHT MONTHS since they announced intentions and pushing into 3 months delinquent on providing any concrete reorg plans.

I have almost zero faith they'll execute on anything in December as they certainly deserve some holidays with how 'hard they've been working' (sarcasm)

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