Ensign Energy Services Inc ESVIF

Primary Symbol: T.ESI

Energy Oil & Gas Drilling

Ensign Energy Services Inc. is a Canada-based international oilfield services contractor. The Company provides oilfield services to the oil and natural gas industry in Canada, the United States and internationally. Its services include contract drilling, directional drilling, underbalanced and managed pressure drilling, rental equipment, well servicing and production services. It offers a fleet of rigs, a range of drilling services, and also delivers customized solutions. The Company's well services include well completion and re-completions, well abandonment, production workovers, downhole pump servicing and/or replacement, well sidetracking and deepening, fishing and swabbing operations, and corod injection. The Company's ASR 150, is a fully automated service rig that eliminates all manual manipulation of tubulars from the pipe rack to the make-up of a connection, reducing the number of personnel on the rig floor. It provides pressure testing, tool rentals or torque wrenches.

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Ensign Energy Services Inc > They paid

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Comment by Nothingmatterson Feb 08, 2023 2:43pm

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Post# 35275179

RE:RE:RE:RE:They paid

Insider wrote: They were expected to break even Q1 2023 but they beat expectations by narrowly reporting profit in Q3 2022.
With full utilization of capital and resources, new drilling long term contracts just beginining to kick in, you can expect a sizeable net income for many more years.

By what year will they be able to pay off 1.4 billion may in year 2060 or when the company is non existent?

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