High Arctic Energy Services Inc T.HWO

Alternate Symbol(s): HGHAF

Energy Oil & Gas Equipment & Services

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.

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High Arctic Energy Services Inc > New Press Release - High Arctic to Announce 2023 Fourth Quarter and Full Year Results

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Comment by AVALONSHARKon Apr 03, 2024 2:46pm

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Post# 35968458

RE:RE:New Press Release - High Arctic to Announce 2023 Fourth Quarter and Full Year Results

My best guess is a further write down of PNG assets hence the delay in audit.

I am expecting them to announce a re-org with severely undervalued PNG business and a partial ROC. After mid-2024 none of the rigs will be active and no timeline of Papua LNG FID or any additional work.

I think they will steal the PNG business during this slow time. I believe privatization initiative is the route they'd go, because its too small a business to be publicly listed.

GLTA