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Essential Energy Services Ltd EEYUF


Primary Symbol: 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 Supersnipe_oneon Feb 03, 2012 10:19am
260 Views
Post# 19485152

RJ chimes in.....

RJ chimes in.....

Analyst Actions: Raymond James Reaffirms ''Strong Buy'' on Essential Energy

BY Midnight Trader
— 2:23 PM ET 02/02/2012

, (MidnightTrader) -- Essential Energy Services Ltd. (EEYUF) has sold its non-core wireline division to Welltec Canada Inc. for in cash, according to The Globe and Mail report.

Raymond James Ltd. analyst applauded the transaction, reportedly noting the price was favourable for Essential and that proceeds will help the company lower its debt.

Raymond James reaffirmed its "strong buy" rating and price target.

Price: 2.13, Change: +0.05, Percent Change: +2.4

https://www.midnighttrader.com

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