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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 DeanEdmontonon Oct 04, 2021 1:26pm
230 Views
Post# 33961381

Nice to see Ensign Moving Up

Nice to see Ensign Moving UpI will be very interested to se if it can hold onto the move. Rig utilization is up some, but not really a whhole lot. Once we get freeze up we will know what Canada will look like, but there is no reason the U.S. and International is still so low for rig counts. Getting staff is still a major issue in most locations, and the lack of interest in the NGs to drill more wells, as well as the huge pull back in Shale still gives me concern for the overall earning ability. If it was not for my respect ofr Murray Edwards accumen I would be looking to sell out fairly soon into winter.
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