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 Jan 03, 2017 7:04pm

186 Views

Post# 25663862

RE:RE:ESN IS NOW A MUCH SMALLER CO REVENU WILL BE DOWN

Tool rental div aint going anywhere. In one swoop, mgt eliminated 1/3 of their employees(no severance), dumped their lowest margin biz and now how zero net debt, added 4 coil spreads ....homerun. There will be a wave of consolidation in 2017, ESN can only be a buyer if when they get their share price above 1.50, be patient grasshopper.

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