Bullboard - Stock Discussion Forum 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... see more

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Essential Energy Services Ltd > Trading near 52 week low

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Post by Torontojay on Jul 19, 2020 2:55pm

Trading near 52 week low

The 52 week low is at 13 cents/share which we are 0.5 cents off that mark. The second quarter is going to be horrible for all oil related companies which explains partly why many in this industry has seen their share prices drop. If anyone has a long term horizon, I believe this to be a wonderful entry point.

Wti prices are not far off the average of 2016 which was around $43 US compared to the present value of $40.58; however, the discount priced by the markets today is significantly more attractive than the prices of 2016.

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