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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 colourama on Sep 06, 2024 1:02pm

Zero interest

Just no interest out there for HWO (or HOH) at the moment. Market seems to be discounting HWO's assets way too much at this level.

Comment by Stonksonlyup90 on Sep 06, 2024 4:17pm
Pretty clear someone is trying to push this down. Constant down tick on minimal volume at the end of the day.
Comment by colourama on Sep 06, 2024 5:18pm
Certainly seems so - and case in point: A single 100 share lot sold today at close to drop the price by 10%! Now if they can only do that but in the reverse direction, we will be happier.
Comment by BigWillie on Sep 08, 2024 4:34pm
that is if you want nothing else but liquidate at higher price. The way I look at it, this is an opportunity to accumulate, and get the true value distributed as cash dividend for many years ahead. I am not the one ticking it down, but whoever does, is probably thinking the way I do.
Comment by colourama on Sep 09, 2024 10:38am
I guess liquidity (or lack of it) also creates outsized movement - if we remove Cyrus and insiders shares, there is what, about 6 million shares in the public float?
Comment by Stonksonlyup90 on Sep 09, 2024 11:12am
Yes, roughly 6M of public float (ex Cyrus and insiders) seems reasonable. Of that 6M, there has been roughly 500k traded on the TSX post spin-out. I'm sure there is a fair bit on other alt exchanges as well.
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