HIGH ARCTIC ENERGY SERVICES (HWO) Stocks
ABOUT HIGH ARCTIC ENERGY SERVICES
📊 High Arctic Energy Services Inc. is a company in Canada with over 25 years of experience in the oil and gas industry and continues to grow successfully. The company is everyone’s first choice for specialized pressure and well control services. It headquarters in Calgary, Canada with over 700 employees.
📊 Founded in 1993, High Arctic Energy Services Inc. has expanded significantly over the years in response to its clients’ operating requirements. First established as a privately owned company, it has today grown to a public corporation internationally in demand.
📊 The company has built an enviable reputation, innovative equipment, and excellent services. Its comprehensive equipment line-up includes rigs, snubbing units, nitrogen, and specialized equipment rentals.
📊 This combines with its support services and professionally trained crews to deliver outstanding services in underbalanced drilling, workovers, completions, and more.
OVERVIEW OF HIGH ARCTIC ENERGY SERVICES
High Arctic Energy Services Inc. is a Canada-based company. It 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).
In Canada, the product line consists of snubbing services and the supply of Cryogenic Liquid Nitrogen Pumping Services and equipment rentals. In PNG, the product line consists of contract drilling services, workover services and equipment rental including rig mats, cranes and oilfield related equipment.
High Arctic Energy Services Inc. 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.
In its snubbing services, it provides the Stand Alone Snubbing System units and Rig Assist units.
VISION & VALUES OF HIGH ARCTIC ENERGY SERVICES
- High Arctic Energy Services Inc.’s mission is to create a successful organization for the benefit of all stakeholders, by delivering valued, efficient and innovative solutions to the energy industry. The company’s vision is to optimize profitability through delivering efficient operational performance to its customers without compromising safety performance, service quality, image, or sound business practices.
- The company values personal growth, honesty, integrity, mutual respect, pride and dedication in all that it does. This creates positive results, with accountability, in a safe and professional work environment.
- It believes in transparency, innovation, safety, and global and community responsibility.
- This means that the company operates with minimal impact on the environment, staying true to environment management and conservation practices that puts it ahead in the industry.
- Shareholders who purchase company shares can rest assured of superior value.
MARKET PERFORMANCE OF HIGH ARCTIC ENERGY SERVICES
High Arctic Energy Services Inc. trades on Toronto Stock Securities Exchange (TSX) and lists under the stock symbol HWO. The company forms part of the TSX 500.
For the period ending September 2019, the company reports revenue of $ 142.7 million, a net loss of $ 6.1 million and adjusted EBITDA of $ 15.8 million. It declares $ 7.4 million ($ 0.148 per share) in dividends for this period.
The company continues to maintain a strong financial position with $ 12.1 million in net cash, an undrawn $ 45 million credit facility and a positive working capital position of $ 38.2 million.
Buy HIGH ARCTIC ENERGY SERVICES stocks / shares – 📈 A Step by Step Guide how to Buy / Purchase HIGH ARCTIC ENERGY SERVICES Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy HIGH ARCTIC ENERGY SERVICES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN HIGH ARCTIC ENERGY SERVICES STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE HIGH ARCTIC ENERGY SERVICES STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of HIGH ARCTIC ENERGY SERVICES stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy HIGH ARCTIC ENERGY SERVICES stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?