High Arctic Energy Services Inc T.HWO

Insider filings

[40YardLine]

Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	Volume or Value	Price
Sep 9/21	Sep 8/21	Maguire, Michael	Direct Ownership	Common Shares	10 - Acquisition in the public market	6,200	$1.28
Sep 9/21	Sep 7/21	Maguire, Michael	Direct Ownership	Common Shares	10 - Acquisition in the public market	19,750	$1.27

[JonathanJSmith]

Interesting how Maguire buys shares for himself but the company does not buy shares under its NCIB. While it's good to see the CEO buying shares it makes me wonder whether a conflict of interest is present?

[blackwolf25]

I would hope there is no conflict, perhaps someone with greater ethical and legal understanding can chime in, but if one were in the know that the company was about to exercise the NCIB, it sure would make sense to buy a few for oneself before such action. 

[Possibleidiot01]

Seeing conflict where none exists. HWO is not a very  active buyer of stock under the NCIB ( prefering to reinvest in the business) and business appears to have better prospects so why shouldn't he buy shares? JMHO

[impega]

If things go as planned in PNG, HWO will need to invest capital to support the business. Makes sense to be preserving capital at this time. 

[AVALONSHARK]

Completely agree. In addition to finishing work on the existing field, there are some massive projects in the pipeline where HWO  should have a big role to play and will need capital over the next few years.

[auburn2]

There's very little volume. With a buyback in place limited the amount that can be bought daily, the $ amount accumulated would not make a dent in HWO's finances, and would add some upward pressure on the SP. In the end, it's not significant either way as the $ accumulated wouldn't be much, and the SP will take care of itself.