High Arctic Energy Services Inc T.HWO

mortgage financing

[Possibleidiot01]

It's interesting that they paid a special dividend before doing this mortgage financing , and before the expected turnup in PNG drilling .
In my mind , it might have made more sense to retain the cash and not do the financing. Maybe Cyrus Capital wanted to get some benefit from ownership of their shares? Hard to believe company would have acted this way without support of their major shareholder.

[Stonksonlyup90]

Better yet, they should have just re-instituted the MONTHLY dividend as this would have put a floor under the stock price... clearly the special dividend didn't put a floor under the price. Hoping that they move back to a monthly dividend sooner rather than later 

[auburn2]

Very low interest rate. I like the moves so far presumably by the new CFO. Again not sure what all the buying fuss was about after the special dividend had been declared. That one eager buyer picked up over $100,000 at over $1.90 -- after the record date for the dividend. Seemed like a no brainer selling after that dividend, but the buying pressure was strong. Now, suddenly, the selling pressure

[DudeRancher1953]

I too liked the interest rate and it reinforces my feeling that HWO is on a pretty solid financial footing. Comments in news release about things looking up in Canada and PNG were also positive.

[AVALONSHARK]

What is the logic of today's 8% selloff on the financing news? I agree that instead of a special dividend a smaller regular dividend would have put a floor on the sp. At the same time, there is still significant uncertainty with global energy markets. Their book value is above $3, why wont they take advantage of those assests and low low interest rates.......the market never fails to