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 > Very Good Results and Strong Progress

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Comment by DeanEdmontonon Mar 03, 2023 12:21pm

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Post# 35317787

RE:Very Good Results and Strong Progress

Looks like my predictions from a couple of days ago are pretty much spot on. I have no doubt the lending group will renew the loan terms without a problem. They are not going to alienate Murray Edwards over $700 million in loans.

DeanEdmonton wrote: Good to see today's results announcements. Nice steady upward progression in activity and profitability. Still packing a lot of debt for a company of this size but it can service it, and it is slowly reducing.

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