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High Arctic Energy Services Inc T.HWO

Alternate Symbol(s):  HGHAF

High Arctic Energy Services Inc. is a Canada-based energy services provider. The Company provides 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, from its bases in Whitecourt and Red Deer, Alberta. The Company's operations involve the rental of pressure control and other oilfield equipment to exploration and production companies operating in Canada. In western Canada, it provides pressure control equipment on a rental basis to a number of exploration and production companies. Its North American service lines are oilfield rental equipment. Its rental services offer a lineup of oilfield rental equipment for drilling, completions, workover and abandonment oil and gas operations.


TSX:HWO - Post by User

Comment by Resilience2on Dec 29, 2023 4:26am
174 Views
Post# 35803614

RE:Morons

RE:MoronsRetarded post, as it states Canadian revenue will be trippled to quadrupled; which means it's a clear no brainer to scale up. 

The CAD company is aimed to be a divvy company: they would only need  $ 3mln coming out of this business and team snubbing to support the currently suspended half a cent divvy. 

It seems small but for the rental business it's a step change, of which the current cash portion is a lot less than HWO will have in free cash flow this year. I like half of the portion being paid out over 3 years, which means we will hardly notice this buy. 

Good add on.

R. 
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