Mr. Michael Rupert Binnion is Independent Chairman of the Board of High Arctic Energy Services Inc. Mr. Binnion was actively involved in the financing and executive management of numerous private and public companies through his investment company, Rupert?s Crossing Inc. Mr. Binnion is President and Chief Executive Officer of Questerre Energy Corporationrationration since November 2000. He has also been a Director of Terrenex Acquisition Corporationrationration, a public investment company listed on the TSX Venture Exchange since 1995 and a Director of Sylogist Ltd., an information technology solution service provider listed on the TSX Venture Exchange since 1997. Mr. Binnion also holds board positions on four other private companies. Mr. Binnion was a founding shareholder and Chief Executive Officer of Flowing Energy Corporationrationration, a junior oil and gas company, from 1996 until 2001 and was founding shareholder, President, Chief Financial Officer and a Director of CanArgo Energy Corporationrationration, an integrated energy company operating in the Republic of Georgia from 1996 to 2000
Binnion is a Chartered Accountant and holds a Bachelor?s degree in Commerce from the University of Alberta.
Management Efficency
The company has return on total asset (ROA) of 14.09 % which means that it generated profit of $14.09 on every $100 spent on asset. This is normal as compared to the sector avarege. Similarly, it shows return on equity (ROE) of 31.05 % meaning that it generated $31.05 on every $100 dollars invested by stockholders.
The company has accumulated 13.7 M in total debt with debt to equity ratio (D/E) of 0.14 which may suggest the company is not taking enough advantage from borrowing. High Arctic Energy Services Inc has Current Ratio of 3.01 suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due.
High Arctic Energy Services Inc., an oilfield services contracting company, offer snubbing, contract drilling, and workover services; and supplies liquid nitrogen pumping services to the oil and gas industry primarily in Western Canada and Papua New Guinea . High Arctic Energy Services Inc [HWO] is traded on Toronto Stock Exchange in Canada. It is located in Red Deer, AB TP R and employs 512 people. Filter other
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HWO Toronto#B232TL0CAHigh Arctic Energy Services Inc
BenchmarkS&P 500Currency: CAD - Canadian DollarTraded on Toronto Stock Exchange
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