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 > Acquisition

<< Previous

Bullboard Posts

Next >>

Comment by Insideron Jan 28, 2023 4:51am

71 Views

Post# 35251585

RE:Acquisition

Sorry guys it was just a rumour. Ensign now has a stronger balance sheet with sale to Cathedral. Additionally with strong cash flows and debt reduction is expected to bounce back to levels seen in 2017-2018.
That is why ATB raised its price target to $9
Without any dividend or shares buyback, the positive cash flows from stronger demand there is no doubt that this could reach $9 on its own by May-June this year.

<< Previous

Bullboard Posts

Next >>

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle