High Arctic Energy Services Inc T.HWO

$130M writeoff of Canadian tax assets

[Possibleidiot01]

A few years ago, I had a discussion with a CFO of a company about their available tax losses ; in their case he said only about 10% of the value would be/ could be  realized.

[Stonksonlyup90]

What relevance would this have to High Arctic on their Canadian non-cap losses?  I just pulled up Trican Well Servicings (energy service co) recent financials - in the past year they utilized $114M of their non-capital losses.. in ONE YEAR! (Note 14 if you care to look it up).  They went from $175M in non-cap losses to $61M. Another year like last and they'll blow through any non

[Possibleidiot01]

You're not the first person to say in my life to say I'm wrong ; let's just say it's been known to happen ...... hence possibleidiot01. Certainly not an accountant but the $130 million is a large number compared to current market cap of $56.46 million @$1.18. Assorted brief comments below. NOTE 14 - INCOME TAXES Tax expense / (recovery) (Stated in