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 > CIBC

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Comment by Adonis1411on May 06, 2024 10:29am

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Post# 36024820

RE:RE:CIBC

What happens when you get someone dumping an illiquid stock on news. Nothing in this quarter should have been surprising to anyone. Still very good cash flow and higher margins y/o/y on a lower revenue base.

Outlook for 2024 will be pretty good. Strong Canada and Int'l and US market will plod along. Lots of value here from the CF that they are going to generate over the next couple of years.

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