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Essential Energy Services Ltd EEYUF


Primary Symbol: T.ESN

Essential Energy Services Ltd. is a Canada-based company that provides oilfield services to oil and natural gas producers, primarily in western Canada. The Company offers completion, production and well site restoration services to a diverse customer base. Its Essential Coil Well Service (ECWS) segment provides completion and production services throughout western Canada. The ECWS fleet is comprised of coiled tubing rigs, fluid pumpers, nitrogen pumpers and ancillary equipment. Its Tryton segment provides a range of downhole tools and rental services across the WCSB and in the United States for completion, production and wellsite restoration of oil and natural gas wells. Its services are offered with coiled tubing, fluid and nitrogen pumping, and the sale and rental of downhole tools and equipment. Its coiled tubing fleet is comprised of generation I, II, III and IV coiled tubing rigs, which are differentiated by their capability to service wells with varying depths and well pressures.


TSX:ESN - Post by User

Comment by Amadeus2011on Oct 04, 2016 9:23am
133 Views
Post# 25305994

RE:Mr Garnet K. Amundson

RE:Mr Garnet K. AmundsonWow. You're obviously VERY uninformed about what's actually going on with Essential.
This comany has had a very proactive approach to this downturn. Massive cost cutting measures, salary cutbacks, changes and elimination of the dividend and yes, sadly, personnel layoffs.

All of these measures have meant that Essential is in an excellent position to come back stronger than ever while it's competitors continue to pile on debt and in many cases, close up shop or get bought out.

My guess is that you're looking at the stock price which theses days is pretty much meaningless for determining the overall health of an energy company. Here's a hint....THEY'RE ALL DOWN. That's why it's called a "down-turn". I guess you missed that class in Investing for Dummies 101 hey?

No Mr Amundson, you should not resign. You're doing a great job. Keep on keeping on.
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