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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 comprised of coiled tubing rigs, fluid pumpers, nitrogen pumpers and ancillary equipment. Its Tryton segment provides a range of downhole tools and rental services across the WCSB and in the United States for completion, production and wellsite restoration of oil and natural gas wells. Its services are offered with coiled tubing, fluid and nitrogen pumping, and the sale and rental of downhole tools and equipment. Its coiled tubing fleet is comprised of generation I, II, III and IV coiled tubing rigs, which are differentiated by their capability to service wells with varying depths and well pressures.


TSX:ESN - Post by User

Essential Energy Services Ltd
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Post by chinstrapon Apr 15, 2011 12:53pm
646 Views
Post# 18437662

4.4X 2011e EBITDA - valuation

4.4X 2011e EBITDA - valuationI just listened to the conference call and redid my valuation.
I have it trading at 4.4x 2011e EBITDA which is well below the peer average at 7x. I am using a share price of $2.10, debt of $65mln and analysts' combined EBITDA estimates for the 2 companies in 2011 of $74mln..
It looks very cheap and business is strong. As for negatives, it has debt but it will be less than 1X D/EBITDA so very manageable.
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