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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 drilling and specializes well completion services and supplies rental equipment, including rig matting, camps, material handling, and drilling support equipment. 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 include nitrogen and oilfield rental equipment. Its fleet of pumper units operate onsite to deliver nitrogen to the oil and gas industry. The Company’s International Operations service lines include drilling rigs, workover rigs, worksite matting, and rental equipment. Its fleet of specialized rental equipment includes camps, cranes, trucks, forklifts, pumps, gensets, and lighting towers. The Company also focused on offering pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells, along with other well site rental equipment.


TSX:HWO - Post by User

Comment by lngisformeon Jul 02, 2024 11:07am
127 Views
Post# 36114400

RE:RE:RE:RE:Return of capital

RE:RE:RE:RE:Return of capitalSo you're saying after tax free distribution. 
The combined companies will be worth $35 million. 

As of March 31st, 3024
They have positive working capital of $30 million. 
Cash balance of $20 million. 
Tax loss pool of $130 million. 

Plus cash flow and increases of about $3.5 million for current quarter. 

That values. 
High arctic rentals
Delta rentals. 
Team Snubbing 42% interest
PIMS 
PNG rentals
PNG Drilling services

Worth a combined $2.5 million dollars. 

Hmm.  A disconnect will be in place should thus come to pass and will result in a rerate or a takeover quickly. 

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