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Essential Energy Services Ltd 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

Comment by askQuestions1on Nov 10, 2016 9:00am
95 Views
Post# 25443911

RE:RE:Q3 ESN

RE:RE:Q3 ESNeudorsa, I'm afraid that the only people that care about you buying shares at $10 and taking a loss is yourself, and the tax man.  The only thing that matters now is that you can buy the stock for 53 cents, and in a couple of years, probably sell for 200% to 300% return.  You can also probably add a 20% dividend yeild from the current stock price.

Business has probably bottomed, and more and more drilling will be done as oil sands money won't be going to new oil sands projects, it will be for drilling.  Concentrate on making money going forward, not on how you lost money in the past.  This stock is a trading stock, buy at the bottom of the cycle, and sell when it has recovered.  No energy name should be held long term.  Ever.
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