Added to YB: 2026-09-02
Pitch date: 2026-08-30
HOH.V [bullish]
High Arctic Overseas Holdings Corp.
+10.87%
current return
Author Info
Petty Cash shares microcap investing ideas (mainly in Canada) in their newsletter. Sign up for the newsletter.
Company Info
High Arctic Overseas Holdings Corp., through its subsidiaries, provides contract drilling, equipment rental, and other oilfield services in Papua New Guinea.
Market Cap
N/A
Pitch Price
CAD 2.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Energy Equipment and Services
Category
turnaround
High Arctic Overseas Q2 2026 Update – $HOH.v
HOH.V (earnings): High Arctic’s investment case is described as more certain despite a weak Q2: revenue fell 6.5% to $2.2M and adjusted EBITDA was negative $1.1M amid low PNG activity, Rig 103’s suspension and readiness costs. The rig left cold stack in July and is scheduled to begin a four-well campaign in early Q4 under a two-year contract. At a ~$10.7M enterprise value, the shares remain a hold with interest in adding.
Read full article (3 min)