Added to YB: 2023-12-20
Pitch date: 2023-12-19
HGHAF [bullish]
High Arctic Energy Services Inc
-36.82%
current return
Author Info
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 1.36
Price Target
2.30 (+156%)
Dividend
N/A
EV/EBITDA
-11.00
P/E
-4.79
EV/Sales
1.12
Sector
Energy Equipment and Services
Category
special_situation
Mystery at High Arctic
High Arctic: PNG-focused microcap faces shareholder challenge over spin-off plan. Trading <book with cash on hand despite asset write-down. Stock could 2x on partial PNG recovery but unclear path forward. Historical financial strength & resource base provide backdrop to unique situation.
Read full article (7 min)