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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Comment by auburn2on Jul 03, 2020 8:19pm

RE:RE:RE:Robert Tattersall in Globe and Mail

I also like the lower shares outstanding and smaller market cap of CET. I think it has more upside. It recently went past 28 cents, and it was difficult to buy any meaningful position even at those ...more

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Comment by Torontojayon Jul 03, 2020 6:33pm

RE:RE:Robert Tattersall in Globe and Mail

Liquidity is definitely an issue which is why I'm willing to hold on for 5 years to see if things turnaround. If I can double my money in 5 years then I've beaten the market which I hope to be ...more

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Comment by auburn2on Jul 03, 2020 1:51pm

RE:Robert Tattersall in Globe and Mail

I like his style. I too like names with low financial leverage. I'd rather more own more of those rather than becoming more diversified with higher relative debt levels. One of the problems with ...more

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Post by Torontojayon Jul 02, 2020 7:47pm

2020 cash

Very rare do I find a stock like this. It is expected that Essential energy is trading close to its future cash position for 2020 alone. Everything else about the business is a freebie. Probably a ...more

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Comment by Torontojayon Jun 25, 2020 5:44pm

RE:RE:Net current asset value

Very smart idea!

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Comment by winterishereon Jun 25, 2020 4:44pm

RE:Net current asset value

I've telling myself this for years and just watched it go down. It might be time for me to lock in my capital loss and take a look at it again in November.

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Post by ariesleafon Jun 25, 2020 2:11pm

TIME TO MODIFY THE BUSINESS

Get into solar power and wind power Setups and Repair's.

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Post by Torontojayon Jun 24, 2020 6:33pm

Net current asset value

In addition to trading below working capital, the companies current assets minus total liabilities is greater than current market cap. A good sign that we are around floor bottom. Time will tell. ...more

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Post by Torontojayon Jun 24, 2020 6:23pm

Working capital

Another energy company trading at half of working capital. A steep discount to its peers and all the better considering its interest expense to cash flow is much lower than industry average.

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Comment by nozzpackon Jun 14, 2020 9:55am

RE:Well positioned

Absolutely. We will make good money here in 2020

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Post by ariesleafon Jun 05, 2020 12:46pm

TIME TO MOVE ON

ESN NEEDS A BUYER OR A MERGE.

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Post by Possibleidiot01on Jun 04, 2020 10:52am

Robert Tattersall in Globe and Mail

Robert Tattersall in Globe and Mail Baron Rothschild, the 19th-century investment banker, suggested that investors should “buy when there’s blood in the streets – even if the blood is your own.” As ...more

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