Bullboard - Stock Discussion Forum 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... see more

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TSX:HWO - Post Discussion

High Arctic Energy Services Inc > Rig activity is heating up in Canada

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Post by AVALONSHARK on Feb 19, 2021 12:47pm

Rig activity is heating up in Canada

The Canadian Association of Oilwell Drilling Contractors (CAODC) says rig activity is already higher than it previously anticipated for the first quarter of this year.

https://www.bnnbloomberg.ca/oil-patch-faces-skilled-labour-shortage-as-rig-activity-ramps-up-1.1564236

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Comment by AVALONSHARK on Feb 22, 2021 8:54am

We now forecast Brent prices will reach $70/bbl in 2Q21 and $75/bbl in 3Q ($10 above our prior forecasts). We expect this rally to be driven by both rising long-dated prices as well as a sustained steep level of backwardation.” - Goldman Activity has certianly increased in canada among most field services companies. Just look at the number of job openings at HWO. I know the PNG business ...more

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High Arctic Energy Services Inc