High Arctic Energy Services Inc T.HWO

Results please?

[DudeRancher1953]

Results are due "after the market closes" today.
I think 4 hours should be enough for the people in Calgary.

[bbwibone]

Now you see why the stock is up 74% since 30 Sep - they bought back 943,600 shares since then in addition to the 145,500 during the quarter. $33M of cash on a $45M market cap with a 0.233 book value. Really, really good value. I have 30k shares (0.06% of the company, lol) and definitely hanging on to them for a while.

[AVALONSHARK]

They need to find depressed assets to utilize all that cash or else its value eroding. When PNG operations begin the stock would rally a good 40-50% minimum.

[JonathanJSmith]

I'm pleased that they're able to generate positive cash flow during these anemic times. Furthermore, I hope that they max out their NCIB for this year and next; it's a great way to use the cash they have on hand. My estimate here is about $2/sh. Of course, we can expect the dividend to return around that time - one to two years' wait. I can wait it out. Perhaps it's time to

[DoughBoys]

Hoping for a dip to buy back cheaper. Sold at 86 cents after the earnings report. didn't seem so hot to me. Seems like the recovery will take longer than expected. Still a 25% gain is worth taking profits on.  Personally I let the profits ride and will buy back more on a further dip. GLTA

[AVALONSHARK]

Probably wasnt such a smart idea in retrospect. 

[DoughBoys]

Made money... kept 1000 free shares... reinvested the principle in HIVE which is up 15% today. how is that not smart?

[AVALONSHARK]

In 3-4 years current prices will seem like a bargain. This company will not only be a survivor but has the ability to scale. This is obviously my opinion but I feel the value with HWO is in holding it for the next 3-4 years rather than just trading with oil prices each day.

[DoughBoys]

I still like the fundamentals too but theres definitely still risk in this stock. We're on the verge of another global lockdown... I'm just gonna let what I have left ride. GLTA

[bbwibone]

This stock is pretty illiquid to trade. It could drop, but I believe it is moving more towards 50% of book value, which is $2 a share, in the next year. In 3 years with PNG back under construction, then I think you could see $3-4 a share. Nice short term returns though, and up another 10-12% since earnings - very positive.