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.

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Ensign Energy Services Inc > They paid

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Comment by Insideron Feb 07, 2023 8:40am

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Post# 35271329

RE:They paid

$30million debt was reduced despite losses reported between Dec 2021 to Sep 2022. Imagine now when they are working at full capacity with profit report last quarter, they are on track to repay $30Million every quarter or maybe more

2023 is a super cycle for Drilling companies, Europe will be demanding more and more oil from USA now that Russia sanctions have come in to effect. This means OIL and GAS sector is in for a fabulous next few years

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