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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

TSX:ESN - Post Discussion

Essential Energy Services Ltd > Stick with producers
View:
Post by auburn2 on Mar 11, 2022 12:31pm

Stick with producers

Margin is razor thin and 2021 was worse than 2022. What is it you love about ESN right now? Services sector is doing abysmally still. What good is cash flow if it's not producing a good margin?
Comment by auburn2 on Mar 11, 2022 12:39pm
What seems to have happened here is that ESN increased in price with improving oil and gas prices, and the rest of the sector, while the underlying business actually didn't get any better. As mentioned before, EV isn't as low as they say because they count as a current asset inventory at $31.111 million. That's NOT a cash equivalent, so it should be in long-term assets when working ...more  
Essential Energy Services Ltd