High Arctic Energy Services Inc | StockChase
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High Arctic Energy Services Inc (HWO-T)

Last Price Recorded: $3.8400 on 2017-11-22

ON STOCKCHASE SINCE Sep 2006

oil/gas

High Arctic Energy Services Inc


Signal Opinion Expert

2017-10-19

PAST TOP PICK
High Arctic Energy Services Inc (HWO-T)

(A Past Top Pick Jan 18/17, Down 24%)  They have a big drill program in New Guinea.  They look very good from a financial point of view.  You can’t fight the tape in the energy sector.  They have no debt.

oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $4.110
Owned: No

2017-06-28

COMMENT
High Arctic Energy Services Inc (HWO-T)

The key question is if the energy market turns around. If it did, this would be on the top of his list for stocks to own. They are in great shape on the balance sheet. It scores in the top 1% of valuation. This company will be a survivor. The problem is, he wants a stock that isn’t continually going lower every day.

oil/gas
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $4.330
Owned: No

2017-03-28

BUY
High Arctic Energy Services Inc (HWO-T)

She does not tend to look at PE ratios in oil services companies.  They have assets in New Guinea and Canada.  They are looking at an LNG project.  There may be some downside risk on contract negotiations.  It is generally a well run business.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments

Price: $5.090
Owned: Unknown

2017-03-27

BUY on WEAKNESS
High Arctic Energy Services Inc (HWO-T)

You could nibble away at it.  He is not a real big fan of the sector as it is rolling over a bit.  He likes their dividend, balance sheet and management team. 

oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $5.270
Owned: Unknown

2017-01-18

TOP PICK
High Arctic Energy Services Inc (HWO-T)

They have Papua New Guinea operations and Canadian operations. All through the energy downturn, this company kept a clean balance sheet, and most years they had an excess cash position. Last year, they took advantage of it and bought 68 new rigs in Canada. Now the cycle starts to turn. Trading at 8X earnings. Dividend yield of 3.65%. (Analysts’ price target is $6.29.)

oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $5.590
Owned: No

2016-11-02

COMMENT
High Arctic Energy Services Inc (HWO-T)

Probably a little too early to get excited about the drilling services sector. You need to see better sustained oil prices before a company starts spending more money. This company kept its balance sheet clean right through the cycle. They pay a nice dividend. They are survivors, and are using their strong balance sheet to pick away at acquisitions. They are getting iron at very, very discounted prices. Adding rigs very, very cheaply.

oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $4.460
Owned: No

2016-10-26

COMMENT
High Arctic Energy Services Inc (HWO-T)

This has been on his radar screen. It is involved in the service side of things in Papua New Guinea. The 2 rigs they have are on longer-term contracts. The growth will be if they get into other businesses. There are lots of rumours floating around that they are looking to make acquisitions in Canada. That is where the opportunities lie. The stock is thinly and can be pushed around with institutional orders.

oil/gas
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $4.640
Owned: No

2016-09-12

BUY on WEAKNESS
High Arctic Energy Services Inc (HWO-T)

He likes it.  They made an acquisition a couple of weeks ago.  They bought assets at 15-20 cents on the dollar.  He has been picking away on it.  It is still early with a lot of the service companies.  They are at the bottom of the cycle.  When they move it will be quick and be tough to get in.

oil/gas
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Management

Price: $3.910
Owned: Yes

2016-09-08

BUY
High Arctic Energy Services Inc (HWO-T)

They never experienced the low return on capital due to oil pricing.  It is due to their location.  They are a rare provider to China in that area.  He saw no downturn in the return on capital so this is a great company.

oil/gas
Matt Kacur

President, FSA Financial Science and Art

Price: $3.980
Owned: Unknown

2016-06-10

BUY on WEAKNESS
High Arctic Energy Services Inc (HWO-T)

The sector has had quite a rebound, and he thinks it is like the canary in the mineshaft. It led on the way down and is now trying to catch up. He would Buy this, but would wait for a bit of a pullback to $3.89.

oil/gas
Bill Carrigan

Technical Analyst, Getting Technical Info Service

Price: $3.990
Owned: Unknown

2016-05-17

HOLD
High Arctic Energy Services Inc (HWO-T)

Ranks fairly well in his process. He looks for companies that have solid, steady, growing earnings. This certainly fits that bill. There are 2 things against the stock price. 1.) Liquidity. A shareholder still owns a significant amount, and has been selling it down, so liquidity has improved a fair bit. 2.) Size. Not a super big company, so it doesn’t fit into a lot of the portfolios of the larger portfolio managers. They have a great operation with their rigs operating under contract in Papua New Guinea. Also, has a great yield that is well-maintained. Wouldn’t be surprised to see them make some acquisitions and start to expand the business.

oil/gas
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $3.990
Owned: No

2016-05-16

HOLD
High Arctic Energy Services Inc (HWO-T)

Likes this a lot. It has been one of those abnormally strong businesses, in an environment where most businesses have been quite challenged. This is part of an LNG play in that it provides services to LNG players that are based in Papua New Guinea. They are currently going through some contract renegotiations and have a pretty concentrated customer base. Wait until the contract negotiations come up. 

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments

Price: $3.850
Owned: Unknown

2016-02-23

DON'T BUY
High Arctic Energy Services Inc (HWO-T)

(Market Call Minute.) Not a fan of service companies. These guys are outside of Canada, but even so not a name he would want to touch.

oil/gas
Eric Nuttall

Senior Portfolio Manager, Ninepoint Partners

Price: $3.020
Owned: No

2016-01-15

COMMENT
High Arctic Energy Services Inc (HWO-T)

This is energy services and they are going to get caught up with that. Has a very pristine balance sheet with a net cash position, and this is going to protect them for the downturn. They are going to get through this.

oil/gas
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $3.190
Owned: No

2015-12-23

COMMENT
High Arctic Energy Services Inc (HWO-T)

Operates in Canada, but has a big operation in Papua New Guinea. In that environment they are quite well established and are doing well. This stock has quite dramatically outperformed the oil/gas services market over the last 12 months. Sold off really sharply in the last couple of weeks and he expects that somebody, from a portfolio point of view, wants to be out of the stock by the end of the year. The slowdown in energy may eventually hit Papua New Guinea. Has a very small position that he is just going to hang onto. Thinks it goes lower before it goes higher. He is optimistic on energy for next year, particularly in the 2nd half of the year.

oil/gas
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $3.410
Owned: Yes

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