Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
JOIN THE CLUB
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
GO AD-FREE

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you downgrade to Basic or cancel with-in 10 days of first subscribing, we will refund your payment upon request. Immediately after downgrading or cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

High Arctic Energy Services Inc. (T:HWO)

Business Focus: Oil Related Services

Log in or join to add this stock to your watch list.
Sector:  Energy Industry:  Oil Related Services and Equipment
 
See Regulatory Filings on SEDAR
Company Contact
Address: 700 2 St SW Suite 500
CALGARY AB T2P 2W1
Tel: N/A
Website: haes.ca
IR: See website
Key People
Michael Rupert Binnion
Executive Chairman of the Board
J. Cameron Bailey
Chief Executive Officer, Director
James Hodgson
Chief Financial Officer
Michael Joseph Maguire
Vice President - International Operations
Shannon Jean Matthyssen
Corporate Secretary, Corporate Controller
Daniel Benoit Beaulieu
Chief Operating Officer, Canada
Business Overview
High Arctic Energy Services Inc. is a Canada-based company, which focuses on providing contract drilling, completion services, equipment rental and other oilfield services to the oil and gas industry. The Company operates through providing oilfield services to customers in Canada and Papua New Guinea (PNG) segment. In PNG, the product line consists of contract drilling services, workover services and equipment rental including rig mats, cranes and oilfield related equipment. In Canada, the product line consists primarily of snubbing services and the supply of Cryogenic Liquid Nitrogen Pumping Services and equipment rentals. The Company holds distribution rights for the rental of Dura-Base mats within PNG. It provides drilling support equipment in PNG, such as camps, forklifts and trucks, on a daily rental basis and drilling support personnel on a daily rental rate basis. Its snubbing services are provided using the Stand Alone Snubbing System units and Rig Assist units.
Financial Overview
For the fiscal year ended 31 December 2018, High Arctic Energy Services, Inc. revenues decreased 3% to C$203.3M. Net income decreased 44% to C$11.4M. Revenues reflect Drilling Services segment decrease of 12% to C$93M, Papua New-Guinea segment decrease of 8% to C$109.9M, Canada segment decrease of less than 1% to C$90.7M. Net income also reflects Foreign exchange loss (gain) decrease from C$700K (income) to C$800K (expense).
Employees: 695 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $144.57M as of Mar 31, 2019
Annual revenue (TTM): $203.30M as of Mar 31, 2019
EBITDA (TTM): $49.40M as of Mar 31, 2019
Net annual income (TTM): $11.40M as of Mar 31, 2019
Free cash flow (TTM): $22.00M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 50,247,194 as of May 1, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization