Essential Energy Services Ltd T.ESN

Earnings out !

[marketdiva]

Highlights 
e&p are still being prudent in deploying capital ; experiencing hiring issues and wage inflation ; no interest in expanding or going private or selling the co ; cash balance is still high ; trades at a steep discount (duh wonder why) ; announced a share buyback program but not executing on it ; ty for your continued support by paying our salaries/ incentives /retirement & expense accounts ....end of Q

[Possibleidiot01]

"Fourth quarter 2021 saw Canada’s highest inflation rate since the early 1990s(a) which has increased overall cost structures. E&P companies generally have been reluctant to accept improved pricing for oilfield services; instead they have continued to focus on maximizing their own financial performance. Current oilfield service pricing is insufficient to generate appropriate returns

[marketdiva]

it's almost like they are communicating to their customers with their quarterly reports ...NEWSFLASH raise the prices and either they accept or they don't and then find a different customer .....there should be lots to choose from with oil over $50 a barrel ! So tired of this Mickey Mouse crew ...did they hire a university grad to write these ? quote=Possibleidiot01]"Fourth quarter

[houbahop]

Agreed. Totaly misplaced and unprofessional. They are not using the space provided by the Annual Report to provide more info on the operations and instead, give shareholders trivial informations. Almost tasteless....

[nozzpack]

Good growth but the ending of Federal compensatory funding for Covid crimped the earnings . Should do $150 million in revenues in 2022 and with oil going above $150 very soon, the capex budgets will be forced to open..

[Icomeandgo]

Email these static crooks, what a terrible release, always blaming someone or something else, only company in the industry I see do this. 

[marketdiva]

Honestly they just need to be sold ; mgmt is now the enemy of the shareholders as they stand in the way because they want pay checks ....the q results were written by a university grad - so negative and trying to speak to their customers thru it (they need to just inform them of a "take it or leave it price hike " with a smile on their face...none of this passive aggressive bullshtt

[WanTBe1]

Did any one get the divided last 2021 they paid to shareholder's.?  Not Me.