Ensign Energy Services Inc T.ESI

Alternate Symbol(s): ESVIF

Energy Oil & Gas Drilling

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

Ensign Energy Services Inc > Earnings Report was a BIG Flop

<< Previous

Bullboard Posts

Next >>

Comment by Bullchart1on Mar 05, 2022 5:48pm

155 Views

Post# 34487305

RE:RE:Earnings Report was a BIG Flop

Things are being put in place for crude 100-120 for some time. Something like 2011 to 2013

ESI will be busy. Most Companies are making good money over 45 a Bl.

morrisminiman wrote: I was surprised at the runup. Did anyone really expect big numbers? This is an oilfield services company. Everyone knows oil co's have not been expanding production for the past year, they have been focussed on paying down debt and share buybacks, so why would you expect a big jump in profits for ESI?

Having said that the taps are about to turn on, which is why ESI is investing for what is about to happen. Good times ahead.

These guys are no dummies, and I use this stock as a barometer for what is happening down the road. And it has a history of paying great dividends when the patch is busy.

Need to be long on this one. At least a bit longer.