Ensign Energy Services Inc T.ESI

Low drilled but uncompleted well on the declined...

[lifeisgood1010]

Yes, there on the right path.

Let's see how investors react to these positive results.

I saw EPS estimates for Q4 between 3 to 7 cents.they came in at 17 cents.

Drillers are for me a good place to be in 2024.

I'm in Akita because of the extreme low valuation of it's assets vs their market value.

But ESI and PD will also reward it's shareholders in the next coming years.

The DUC were high in 2023 but are coming down.This should have a positive impact
on drillers in 2024

In 2024, the Company expects positive oil prices to support relatively steady oilfield services activity in order to maintain or potentially grow production, especially so in consideration of well productivity declines and low drilled but uncompleted ("DUC") well inventory in certain producing areas in the United States. In addition, the Company remains optimistic regarding Canadian drilling activity with the completion of the Trans Mountain oil pipeline expansion project and the completion of the Coastal GasLink pipeline expected in 2024. In additional, several liquefied natural gas ("LNG") projects, including LNG Canada, are expected to support activity over the medium-to-long term.