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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

High Arctic Energy Services Inc > Implement Dividend
View:
Post by Stonksonlyup90 on Oct 17, 2024 2:55pm

Implement Dividend

If management is content to just sit there and not make any M&A moves, they should reconsider implementing a dividend. 

If you just take the cash flow being generated at the time of the Delta acquisition ($2M), they could distribute that back to shareholders as a dividend. Again, they aren't paying any corporate tax on this $2M given the tax pools. $0.16/share annually or $0.04/share would certainly be a better use of capital if they aren't going to transact.

Comment by colourama on Oct 17, 2024 9:12pm
Stonks, I think it is still early in terms of M&A - perhaps they are waiting to see exactly how the numbers come out with the tax pools now that the dust is settling from the separation and SGA expenses decreasing. Based on their outlook, I am expecting good numbers coming up in the quarterly report. 
Comment by alertmeipp on Oct 18, 2024 9:16am
They need a way to bring the tax asset value forward while improving their scale dividends won't help solving both i dont mind dividend just not yet 
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