Essential Energy Services Ltd T.ESN

Energy Oil & Gas Equipment & Services

Essential Energy Services Ltd. is a Canada-based company that provides oilfield services to oil and natural gas producers, primarily in western Canada. The Company offers completion, production and well site restoration services to a diverse customer base. Its Essential Coil Well Service (ECWS) segment provides completion and production services throughout western Canada. The ECWS fleet is comprised of coiled tubing rigs, fluid pumpers, nitrogen pumpers and ancillary equipment. Its Tryton segment provides a range of downhole tools and rental services across the WCSB and in the United States for completion, production and wellsite restoration of oil and natural gas wells. Its services are offered with coiled tubing, fluid and nitrogen pumping, and the sale and rental of downhole tools and equipment. Its coiled tubing fleet is comprised of generation I, II, III and IV coiled tubing rigs, which are differentiated by their capability to service wells with varying depths and well pressures.

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Essential Energy Services Ltd > Good hedge bet

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Comment by bever64on Nov 10, 2020 11:57am

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Post# 31870495

RE:RE:RE:Good hedge bet

You are 100% right...mgmt has done at outstanding job operational ly but they drive me crazy by being so conservative! They have 5M in the bank...that can buy back A HELA VO LATA Shares at any price point up to .25c. Unfortunately this stock has been massively undervalued for years and i guess we are just gonna have to wait for a hostile takeover or private takeover to move the needle here. quote=houbahop]I'm surprised by the lack of reaction to the earnings.
No more long term debt and some cash in the bank.
This management has done miracle in these tuff circumstances.

Book value of $1 and trading at $0.16
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