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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 Possibleidiot01on Mar 04, 2022 7:01am
193 Views
Post# 34482137

RE:RE:$3.00 very soon

RE:RE:$3.00 very soonYou might see $3 soon but I think this limits the upside "The Company's available liquidity consisting of cash and available borrowings under its $900.0 million revolving credit facility (the " Credit Facility ") totaled $15.8 million as of December 31, 2021, compared to $136.5 million at December 31, 2020 . The available liquidity decreased by $120.7 million primarily due to higher borrowings on the Company's Credit Facility to fund above-noted third quarter acquisition of 35 land-based drilling rigs in Canada."

Precision Drilling has a much better financial structure( less debt, more liquidity) .
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