Added to YB: 2026-02-27
Pitch date: 2026-02-24
HOH.V [neutral]
High Arctic Overseas Holdings Corp.
+1.59%
current return
Author Info
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Company Info
High Arctic Overseas Holdings Corp. provides contract drilling, well completion, and other oilfield services in Papua New Guinea.
High Arctic Overseas Holdings Corp Profile - $HOH.v
HOH.V (overview): Net-net PNG driller at -$1M EV, $13M net cash, minimal burn. Binary on TotalEnergies Papua LNG FID (expected Q1-Q2 2026, $10-12B project). 3 stacked rigs since 2020 ready for 2026-27 mobilization if approved. NCAV ~$20M vs $11.8M mkt cap. Downside: wind-down at asset value. Upside: multi-year drilling cycle through 2030s if FID proceeds. Risks: delay, no rig deployment, mgmt chase
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