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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 a Canada-based energy services provider. The Company provides 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, from its bases in Whitecourt and Red Deer, Alberta. The Company's operations involve the rental of pressure... see more

TSX:HWO - Post Discussion

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Post by lngisforme on Dec 28, 2023 8:22pm

Morons

Buying an empty rental yard with 3 rental employees for $7 million dollars. 
Oh and a one room office in downtown Calgary to boot. 

Geniuses.  Puss away that money. 
1.5 years and this is the best you can unearth...lol
Comment by colourama on Dec 28, 2023 8:56pm
Could you expand upon your claim that they bought "an empty rental yard with 3 rental employees"? Do you dispute the financial metrics provided in the news release? From Delta's website: "Delta’s rental assets include surface pressure control equipment (Blow Out Preventers (BOP’s)), power swivels, tubular (drill pipe and workover strings), tubular handling equipment, Frac head ...more  
Comment by Resilience2 on Dec 29, 2023 4:26am
Retarded post, as it states Canadian revenue will be trippled to quadrupled; which means it's a clear no brainer to scale up.  The CAD company is aimed to be a divvy company: they would only need  $ 3mln coming out of this business and team snubbing to support the currently suspended half a cent divvy.  It seems small but for the rental business it's a step change, of ...more  
Comment by Possibleidiot01 on Dec 29, 2023 8:59am
What company wouldn't want to own a business that does $7-8 million in revenues with only the 3? employees?
Comment by TVR on Dec 29, 2023 11:08am
An empty rental yard is good!!  Means the equipment is rented out and generating revenues.  If the yard is full they are not earning revenues on all that equipment.
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