Added to YB: 2024-04-11
Pitch date: 2024-04-10
HWO.TO [bullish]
High Arctic Energy Services Inc
-37.74%
current return
Author Info
Petty Cash shares microcap investing ideas (mainly in Canada) in their newsletter. Sign up for the newsletter.
Company Info
High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Canada and Papua New Guinea.
Market Cap
CAD 10.2M
Pitch Price
CAD 1.45
Price Target
2.53 (+181%)
Dividend
N/A
EV/EBITDA
-11.00
P/E
-4.79
EV/Sales
1.12
Sector
Energy Equipment and Services
Category
special_situation
High Arctic Quick Update - After Q4 and Re-org Update
HWO.TO: Strong Q4 inline w/ expectations; spinoff of intl biz & $33-38M return of capital to shareholders planned by June '24. Papua LNG project FID delayed to '25, Rig 103 idled post June '24. Huge news, unlocks value. $2.53 PT on sum-of-parts (~110% upside).
Read full article (2 min)