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Bullboard - Stock Discussion Forum Essential Energy Services Ltd T.ESN

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 > Market cap 40m …. Implied value of deal 77m
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Post by marketdiva on Sep 15, 2023 12:42pm

Market cap 40m …. Implied value of deal 77m

Someone fill me in plz ......
Comment by Rollyzzz1 on Sep 15, 2023 12:48pm
This post has been removed in accordance with Community Policy
Comment by lifeisgood1010 on Sep 15, 2023 1:09pm
Enterprise value means all stocks time 40 cents + debt less cash. The energy service sector is in a turn around situation With price of oil at these levels and if OPEC + stay resolute with their production cuts, then like Sollmg wrote Element is getting  ESN at a low ball figure. I recently bought more than 50,000 shares of Akita Drilling(Akt.a) Over the past 4 quarters, Akita has earned ...more  
Comment by kavern23 on Sep 15, 2023 8:33pm
For disclosure I am not in CWC or ESN but I follow all of these service sector companies as my passion but I havent seen signs in 2022 or 2023 to jump back in. I waited for my data, Q1 and Q2 and I see lots of problems in this sector. Look I think CWC and ESN were sold on surface at very cheap prices.  Studied CWC deal alot and ESN not as much and it is a bad sign for the sector.    ...more  
Comment by kavern23 on Sep 15, 2023 8:43pm
On my radar wathlist of things to buy if stocks were to crash lower in value, patient for low points and I dont think sector has bottomed out in canada yet..but Akita Drlling was my fav. But Akita could have same problem CWC had...if put for sale isnt many logical on a strategic level merger fits. Need more than one bidder to get a good price, like an auction principle. And that is probably why ...more