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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Comment by LuckyLuchon Nov 01, 2016 11:53am

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Post# 25410483

RE:ESN

The whole sector is trending lower today, oil+gas have come down, what part are u having trouble understanding?

Coming out of a downturn is not easy, sentiment remains awful. When people wish to sell ESN @ a valuation of around .40x tangible book value then we are happy to add to our position. Not looking to be agressive, we are stacked on the order book all the way down to .40. Cheapest energy service company except for CET CN which trades under .20x book val. The difference being ESN has around 40 mil avail on their revolver.

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