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Essential Energy Services Ltd EEYUF


Primary Symbol: 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 LuckyLuchon Feb 07, 2017 2:02pm
142 Views
Post# 25811481

RE:RE:RE:trading update

RE:RE:RE:trading update
40 mil revolver, +20M accordian avail....liabilty is unlikey and def. would be appealed. 

We also have taken a 1m share position in CWC CN..valuation similiar to ESN. One could make the case for a merger of equals following by a divestment of CWC's service rigs to PD or HWO. Outright M+A is tough in the space at the moment BUT service line consolidation is happening and will continue.  Brookfiled pvt equity holds almost 78% of CWC...the ball is in their court.
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