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Bullboard - Stock Discussion Forum 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... see more

TSX:ESI - Post Discussion

Ensign Energy Services Inc > Good Results Overall But
View:
Post by DeanEdmonton on May 08, 2023 11:49am

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.
Comment by Red_Deer on May 08, 2023 1:39pm
Is This the TIME to STEP OUT__Throw CAUTION Out the Window__Do Some KNIFE CATCHING ? The STEADY Slide DOWN 40% in the Past 3 Months Certainly SUGGESTS Taking a Trade eh ??? Even Ultra LONGS Like DeanEdmonton eh !!!!!!!
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