1.10
+6.80%
Close of 5 Nov 2026, in CAD
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About High Arctic Energy Services
Its shares trade on Toronto Stock Exchange under the ticker HWO.TO. It has been listed since 21 July 2005. In the fiscal year to 31 December 2025, it reported revenue of C$10.6m and net income of C$356,000. At that date it held total assets of C$29.9m and shareholders' equity of C$22.0m.
High Arctic Energy Services, Inc. engages in the provision of oilfield services to exploration and production companies. The company is headquartered in Calgary, Alberta. The company went IPO on 2005-07-21. The firm 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 firm holds distribution rights for the rental of Dura-Base mats within PNG. The company 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.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Energy Equipment & Services
- Listed since
- 21 Jul 2005
- Employees
- 735
- Website
- haes.ca ↗
Leadership
Pay as last reported
- Mr. Michael BinnionIndependent Chairman of the Board, since 2005C$120,500
- Mr. Michael MaguireChief Executive OfficerC$788,997
- Mr. Lonn BateInterim Chief Financial Officer
- Mr. Stephen LambertChief Operating OfficerC$519,266
- Mr. Simon BatcupIndependent DirectorC$68,250
- The Hon. Joseph OliverIndependent DirectorC$64,500
- Mr. Douglas StrongIndependent DirectorC$89,250
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Headquartered in Calgary, Alberta with 735 full-time employees.
- Operates in Canada and Papua New Guinea (PNG) with diverse service offerings.
- Provides specialized services including snubbing, Cryogenic Liquid Nitrogen Pumping, and equipment rentals.
Weaknesses
- Industry is listed as unknown, which may indicate lack of clarity in business focus.
- No specific financial performance data provided for assessment.
- Reliance on two geographic markets (Canada and PNG) could pose operational risks.
Opportunities
- Expansion of distribution rights for Dura-Base mats within PNG could increase market share.
- Growth potential in oilfield services sector in both Canada and PNG markets.
- Potential to leverage existing infrastructure for additional service offerings.
Threats
- Dependence on exploration and production companies for revenue streams.
- Geographic concentration in Canada and PNG may expose the company to regional economic fluctuations.
- Competition in oilfield services sector could impact pricing and market share.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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