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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 colouramaon Feb 06, 2024 11:43am
185 Views
Post# 35865399

RE:RE:RE:Here we goooooo!

RE:RE:RE:Here we goooooo!Let's even forget about PNG: If I invest $1.10 at the moment, and assume that $0.75 is returned by the RoC (which I guess we have to discount a little because of management's history), then I have $0.35 capital invested.

As mentioned by a previous poster here, if they can maintain their $0.005/month dividend from just the Canadian operations alone (feasible with the ~$2 million cash flow from the Delta acquisition, the Team Snubbing, and existing Canadian rentals), then I am receiving ~15% dividend yield, and a free lottery ticket if you will on PNG.

Nothings a sure thing but seems a pretty good risk/reward ratio to me, and we don't even need to place any expectations on PNG.

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