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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 uwinsomeon Jun 05, 2013 3:55pm
238 Views
Post# 21488673

Bill Bonner's Top Pick - BNN June 5

Bill Bonner's Top Pick - BNN June 5

In the completion of horizontal wells which is where the industry is these days. Very comfortable dividend of about 4%. Hidden jewel is perhaps their rental and tool business that is used in fracturing of well bores, which seems to offer a cheaper alternative to the ball technologies that exist today. Will have over $80 million in cash flow. Dividend costs about $13 million a year. Have less than half a year’s debt on the balance sheet. Have the biggest coil tubing fleet as well. Room to grow and room to increase the dividend.

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