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Essential Energy Services Ltd EEYUF


Primary Symbol: 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 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

Post by Iching64on Oct 30, 2012 4:30pm
366 Views
Post# 20541368

stock chart 2010, 11, 12

stock chart 2010, 11, 12

looking at the stock chart for ESN for the last 3 years, I see a  seasonal pattern of lows and highs.  lows in October ( 2010 - $1.60, 2011 - $1.60, 2012 - $2.10 maybe).

Then the stock rally's to a high in Feb. -  March  (2011  -$2.40, 2012- $2.90, 2013 ?).

If the pattern repeats itself,  due to seasonality and the inner strength of the company (barring any macro economic factors), then we could speculate a target of about  50% to 70 % above the October lows -  $3.10 to  $3.50.

Just some thoughts on the seasonality of the stock price and how the same pattern has happened for 2 years in a row.

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