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Bullboard - Stock Discussion Forum High Arctic Energy Services Inc T.HWO

Alternate Symbol(s):  HGHAF

High Arctic Energy Services Inc. is engaged in provision of pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment on a rental basis to exploration and production companies in Canada. Its segments include Rental Services and Production Services. The Production Services segment operations consist of Company’s idled... see more

TSX:HWO - Post Discussion

High Arctic Energy Services Inc > Breaking out of the downtrend
View:
Post by colourama on Nov 16, 2023 5:16pm

Breaking out of the downtrend

I wonder when people have had enough selling here - it is not unrealistic even with just running out the lone rig contract to expect the cash balance to approach current marketcap in the next few quarters (assuming no other actions taken).

Meanwhile there is the perfectly functioning Canadian rental business and Team Snubbing pulling in a small but potentially steady yearly income of a couple of million being ignored. Team Snubbing itself, which is essentially at arms length to HWO management, has a value $10million to HWO, yet seems to have been given the "management discount" by investors.



Comment by blackwolf25 on Nov 17, 2023 11:24am
Apparently not. 
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