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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 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

High Arctic Energy Services Inc > Return of capital
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Comment by AVALONSHARKon Jul 02, 2024 11:36am
111 Views
Post# 36114488

RE:RE:RE:RE:RE:RE:Return of capital

RE:RE:RE:RE:RE:RE:Return of capital

Valuation is an art, there is no perfect art and I am no artist...

However, I have seen from experience, investors dont usually value cash separately form the business in the market. Even though the PNG business will have $10-$11 mil of cash, being a cash flow negative business with limited visibility of return to work, the assets are not worth much. Offcourse any rig deployment news will change things however it has been 4 years of waiting for continous deployment of rigs.

The Canadian business is currently cash flow positive but tiny operations. Market will be waiting to see how cashflows shape up over the next 3-4 quarters.

 

BDW I dont think you read my post well. I ascribed $12 mil to Team Snubbing. $ 8 mil to the rentals business and the rest is worth about $5 mil in today's dollars. 


 

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