Essential Energy Services Ltd EEYUF

Primary Symbol: T.ESN

Energy Oil & Gas Equipment & Services

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.

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Essential Energy Services Ltd > What is going on here?

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Comment by Adonis1411on Oct 16, 2020 1:43am

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Post# 31726662

RE:RE:RE:RE:What is going on here?

Unlikely to happen. Read the ESN Management Information Circular. Payments due to executive management on change of control are almost $8 million. With current market cap around $20 million, that means that a buyer is on the hook for a 40% premium to current trading value even before shareholders can realize a cent of that premium on purchase. Yes there are lots of assets, but very little cash flow. If it was that easy to do a deal with ESN, it would have already happened years ago IMO...

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