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 > No brainer territory?

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Comment by Stonksonlyup90on Sep 09, 2024 1:08pm

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Post# 36215026

RE:RE:No brainer territory?

There is contingent consideration of $3M as of the end of last Q. That is payable in both Cash &
Common Stock over a 3 year period. Arguably, any of remaining cash consideration for Delta will be paid out of Cash generated from that business (they were disclosing $2M per year in Free Cash Flow after that acquisition).

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