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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

Post by Basil3575on Aug 06, 2021 1:21pm
394 Views
Post# 33663973

After listening to conference call

After listening to conference callI am very pleased with the improvement in its business model. The acquisition of Nabors will fill in the coffers. As they pointed out, the torque on this business is incredible. If they increase their rates by 10% this will bring in an additional 110 million income. Lets hope the price of oil remains at these levels. Good luck to all
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