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High Arctic Energy Services Inc T.HWO

Alternate Symbol(s):  HGHAF

High Arctic Energy Services Inc. is engaged in provision of 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 in Canada. Its segments include Rental Services and Production Services. The Production Services segment operations consist of Company’s idled snubbing units in Colorado, United States. The Rental Services segment consists of High Arctic’s oilfield rental equipment in Canada centered upon pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells. The Company offers an extensive line up of oilfield rental equipment for drilling, completions, workover and abandonment oil and gas operations.


TSX:HWO - Post by User

Comment by lngisformeon Apr 16, 2024 3:45pm
181 Views
Post# 35992222

RE:Cash position by end of July 2024

RE:Cash position by end of July 2024Proceeding as planned. 
Initial sell off of the disinterested parties. 
Gradual run up in share price. 

By the time we get to the return of capital there will be $1.16 of cash in the till. 

Give us $0.50 for Canadian operations knock down drag them out minimal value leaves share price at $1.66
With the tax losses on the books this will must likely get scooped up by someone fairly quickly also. 

After spin out PNG will get taken out fairly quickly as well only question is the price???

Not much risk to $1.60 price over short term


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