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Ensign Energy Services Inc T.ESI

Alternate Symbol(s):  ESVIF

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 Schussing56on Jun 16, 2021 8:40am
188 Views
Post# 33394296

RE:RE:ESI likely immediately profitable IF DEBT

RE:RE:ESI likely immediately profitable IF DEBTNo, ESI is a much better company.  PD was already bailed out by the government once.  Their 10 for 1 share consolidation makes it appear as if they are doing well, but ESI has more rigs, better diversified, better management.  ESI was the first to re-deploy many rigs into the US and PD and others followed their lead.  ESI does have a lot of debt though, they over-leveraged during the Trinidad deal, but got Trinidad for a song.
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