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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

Post by Carlos66on May 10, 2017 4:02pm
204 Views
Post# 26227880

too much too fast..wait!

too much too fast..wait!---with Q1 results out a month & a bit after the quarter ended it means that Q2 results will come out in the 1st wk in Aug.; so during that time I wonder what will propel the SP higher while we wait?
---Because of the restrictions on their operations such as debt levels, minimum ebitdas, restrictions on dividends & acquisitions that doesn't leave much they they can do to juice up results. They even said that they had to turn away work due to lack of staff. Now do they have the $$$ to hire more staff or is it a problem of not enough qualified staff to take on any more work?
---With not much left to keep the SP up while we wait for Q2c results. SP could fade in the mean time!!! Probably better opportunity to get in/buy more before Aug.


carlos
 
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