Essential Energy Services Ltd EEYUF

Primary Symbol: 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.

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Essential Energy Services Ltd

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Comment by LuckyLuchon Dec 21, 2016 1:16pm

105 Views

Post# 25630654

RE:RE:RE:RE:RE:RE:Hard to put a positive spin on this...

I'm providing 1st hand knowledge, not conjecture...I still keep in touch with a 1/2 dozen canadian traders.

Canadian trading desks have execution traders(actively shop blocks of stock, active on the various exchanges, ECN's, ATS's, dark pools) and they also employ prop. traders who mostly day/weekly trade. They can interact, cross stock but client orders always must take precendent.

The short, likely is prop guys who are making a very short term trade, not some hedge fund loading on a major short. Nothing to be concerned with. Trust me.

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