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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

Post by DeanEdmontonon May 08, 2023 11:49am
203 Views
Post# 35436504

Good Results Overall But

Good Results Overall But The loan agreement is 5 months expired and there is no discussion as to when they expect to conclude the renewal. They can say they have a history of successfully renegotiating these but that is not a good sign. Major holders have more than enough cash to takeout the lending syndicate, but like last time they did that, it ends up with a large dilution. I will not be fully comfortable with the large number of shares I am holding until I see the leding agreement renewed at resonable terms.
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