High Arctic Energy Services Inc T.HWO

Time to commiserate?

[JonathanJSmith]

It appears that a lot of people want to get out of this thing. I don't blame them at this point. I was expecting more from the management team. Pretty soon, we'll be reaching close to cash on hand thereby valuing their assets and potential ("to reach higher peaks" as Maguire keeps on touting) near NIL. Waiting another year or two for things to materialize is a hard pill to swallow. I opine Maguire was being pessimistic in his forecast on the call. I'm still expecting another contract coming down the pike at the end of the year - we'll see.  

I'll continue to add, albeit in smaller chunks and wait. They'll eventually up the divvy to 1c. Their US assets might fetch a couple mill. They paid what? 8.2MM a while back? Hopefully, they learned something from their not so lucrative endeavour.

I wish management would take pay cuts in line with their terrible performance these past few years. Yeah, Covid was disastrous, but we've been out of it now for a while. Most other companies have had their V-shaped recoveries and this company still underperforms. Furthermore, the fact that they continuously grant themselves shares and options is a disgrace. If shareholders have to suffer, so should they. "Pay cuts across the board I say!"

Cheers and good luck to those hanging in there.

JJ

[Stonksonlyup90]

I think part of the reason why it is trading near cash value is because the market and shareholders DON'T believe that management has learned from their past blunders.. the fear here is that they will take that cash war chest and making another bone headed capital allocation move venturing into a new business line/market. Return the capital.. the games up Maguire

[AVALONSHARK]

I have been thinking about this and feel the market is pricing this fairly based on current financials, declining top and bottomline, uncertain near term outlook. IMO Papua LNG final investment decision will be a turning point for this company because that would mean consistent utilization of rigs guaranteed for atleast 6-7 years or more. Now the LNG prices are down and projects of this scale

[Stonksonlyup90]

Great place to sell. No NCIB, no insider buying... must be Fair Value

[AVALONSHARK]

There was insider buying last week !!

[Stonksonlyup90]

That's chump change - the guy ONLY OWNS 75,000 shares and has been a director for 4.5yrs.. Real vote of confidence....