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 > Tax Implications of Spin Co

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Comment by JonathanJSmithon Aug 12, 2024 9:37am

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Post# 36174235

RE:Tax Implications of Spin Co

Stonks:

I found this regarding your question:

How to Calculate Cost Basis After a Spin-Off (sapling.com)

Remember, if your cost basis was less than you received with the RoC, then the difference is a capital gain and your cost basis going forward will be zero.

On a different note, they are expected by the OSC to announce results for Q2 by Wednesday Aug 14. My guess is the split won't happen until after then.

Filing due dates calendar for annual and interim filings by reporting issuers | OSC

Cheers,

JJ

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