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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 colouramaon Aug 18, 2024 9:43pm
76 Views
Post# 36185314

RE:"Each shareholder of the corporation received"

RE:"Each shareholder of the corporation received"The company could have made it clearer but as far as I understand, the record date was the last day of trading of the old HWO shares. Anyone who bought up to (and including) the last day of trading should receive the spinout HOH shares.

The only thing which I am confused about (which there was a discussion earlier here but not sure I fully understood) is the cost basis post spinout. Is the cost basis automatically calculated by our brokers?

Regarding future trading, I anticipate only a matter of time before HWO gets acquired. Has to be quite attractive to larger companies who can apply the loss carryforwards.

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