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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 Dec 09, 2016 2:58pm
98 Views
Post# 25577953

RE:RE:RE:RE:CIBC

RE:RE:RE:RE:CIBCWe may never find out why he left regardless of the reason.  At least not through a direct channel.  But did they give any insight on to who is making decisions in that COO position?  That is something that they should provide info on as it's company related.  If it is because of a pending takeover, then it probably doesn't drag on much longer.  

TCW and FRC recovery has been sooner because the fracking per well is double to that just a cople of years ago.  Also wear and tear on equiptment has reduced capacity.  That sector will be in ballance and pricing moving shareply higher very quickly.   That said, a good part of the moves in the stocks has already taken place.  They still have very good upside, but not 3X and their are plently of those out there still.  The objective here is 3X and then another 3X....  gives you 9X returns....
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