High Arctic Energy Services Inc T.HWO

Reorg updates and suspension of dividend

[colourama]

No real news here it looks like except the announcement that they are suspending the divided. Certainly interesting - anyone's thoughts on this? They are not short of cash (especially with it earning ~5% interest). Are they wrapping things up for a sale?

[impega]

Must be close to a transaction or proposal. Take it as good news.

[auburn2]

Sounds like the div is suspended because they're no longer privatizing the PNG business. That was going to inject cash that presumably is now cancelled. I don't view this as a negative.

[Possibleidiot01]

Mystifying if you thought business conditions were stable or improving which they seem to be . The one conclusion I can reach is they plan to do something ; what that might be is unclear but I think shareholders are like deer caught in the headlights.......whatever the board decides it's like too late to take action. It's possible , having deconstructed the company by the divestments

[JonathanJSmith]

Just when I thought I couldn't lose more faith in management and the BoD, they surprise me.  What a debacle this "value creation" endeavour has become. 

[colourama]

Something must be cooking, because the dividend costs less than $3 million a year, and they currently have what, about $45 million in cash, plus another $1million from the nitrogen assets, plus the interest on the cash, plus the cashflow from the rig currently operating. Not really sure that they need to "conserve cash", unless they have something in mind. Even with a $38 million

[Northforce13]

I'm thinking exactly the same thing as you with regards to those things mentioned.   My concern is that the "something" might be to the detriment of us the share holders. This recent PR is all smoke and mirrors, but if I try to look at it in a negative way, the only obvious and clear thing it does is provide no clarity and put the share price under pressure, so perhaps