Ensign Energy Services Inc T.ESI

Esi is at the lowest

[Nothingmatters]

SP is at the lowest for a while.. if buy low strategy works buy when there is blood on tbe streets.... slowly the debt is getting paid... oil drilling aspects are looking with ng prices improving in the near future. I would buy esi right now for multiple bagger... if investing was easy then everyone would do it.

[mjh9413]

 "In addition, from the period beginning 2023 to the end of 2025, the Company reaffirms its targeted debt reduction of approximately $600.0 million." That is from the 1st qtr results NR but doesn't seem to jibe with comments in same NR's preceding paragraphs about reductions in Credit facility levels and Term Loan repayment schedule. Plus they are putting more rigs into

[DemDem]

The good news for ESI and shareholders is the investment by Fairfax Financial Holdings Limited. A company that rarely makes mistakes in its investments. They often see things that the ordinary shareholder does not. Also, cash flows remain healthy. Fingers crossed. ESI can eventually return to the peak of its best years if it gets rid of its debt and starts paying dividends like it used to.

[Possibleidiot01]

I'm sure both the credit facility reduction and debt reduction can be done at that same time. As the debt declines, doesn't the need for the credit facility? As for declining revenues in all areas of operation except international , I 'm not so sure a 1% decline in revenue in Canada ( 48 drilling days) really counts as a decline? Road bans. The reserve fleet additions strike as