Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Ensign Energy Services Inc ESVIF


Primary Symbol: T.ESI

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.


TSX:ESI - Post by User

Comment by Possibleidiot01on Feb 11, 2023 1:45pm
97 Views
Post# 35281511

RE:They paid

RE:They paidLike you and me , companies have short term debt and long term debt . You have to pay the immediate bills but you might choose not to pay off your mortgage all at once.
It's not that they don't have the cash flowing into the company to make greater repayments , check the increase in cash flows due to the booming oil and gas service industry.

 

 

 

 

 

 

     

 

 

 

Funds flow from operations

103,321

 

56,198

 

84

 

261,595

 

144,051

 

82

Funds flow from operations per common share

                     

Basic

$0.53

 

$0.35

 

51

 

$1.47

 

$0.89

 

65

Diluted

$0.52

 

$0.34


They only have a problem if oil companies stop drilling which seems unlikely at this time.
Precision Drilling is an example of how fast debt repayment can occur.
<< Previous
Bullboard Posts
Next >>