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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

Post by impegaon Feb 14, 2024 11:14am
175 Views
Post# 35879778

PNG Clarity

PNG Clarity
One article suggests the project is about to be abandoned while the other suggests things are progressing toward FID on the project while certain details are being negotiated. I can't see the project being scrapped but Total has leverage in negotiations by threatening abandonment. High stakes poker game.

One thing I believe is there is very little chance that roads will be built to the remote well locations through jungle and mountainous terrain. HWO's heli portable rigs still have value in my opinion.
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