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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 Apr 08, 2024 8:08am
161 Views
Post# 35976314

RE:Basically all we wanted: Public listings, $33-$38,3 mln RoC

RE:Basically all we wanted: Public listings, $33-$38,3 mln RoCMade a calculation error $ 53 mln vs $ 50.3 so the remaining Cash after RoC would be $ 12 mln and $ 17.3 mln respectively. 

Still quite a lot of cash reserves even if they want to do another similar type acquisition like the Delta rental. 

Canadian business is underestimated in my view. And PNG is the LT moon shot option if/when it works out (and I attribute a lot higher chance of succes to this than most investors or the market for that matter).

Also note that both the CEO, COO and Chairman have significant skin in the game share wise. They have big incentive to make this work (and big personal incentive for the RoC as does Cyrus)  

All for ~ $ 0,30 to $ 0,40 cents if you deduct the range of RoC.

And you can also still sell the CAD company. Don't know how much that will note after split but it can well create an almost free ride on PNG.

Amazing really.

R. 
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