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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.


TSX:HWO - Post by User

High Arctic Energy Services Inc > Liquidity and Capital Resources
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Comment by longrun86on May 13, 2024 9:25am
103 Views
Post# 36036540

RE:Liquidity and Capital Resources

RE:Liquidity and Capital Resources

I haven't had a chance to go on Sedar yet but I was expecting this to be covered in the Fairness Opinion. They could do an 18 month or 24 month working capital  analysis to determine a reasonable range. 


Seemingly, even with the return of capital, there is quite a bit of working capital being retained for opportunities.

LR

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