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Essential Energy Services Ltd 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.


TSX:ESN - Post by User

Essential Energy Services Ltd
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Comment by LuckyLuchon May 15, 2017 8:27am
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Post# 26243568

RE:can it hold 70c?

RE:can it hold 70c?
Carlos66 wrote: ---the stock was headed for the toilet; so a successful test of this new support level (70c) after a meteoric rise due to an unexpended earnings gain/forward guidance will make this rebound assured.
--still financial/balance sheet restraints remain from last year's credit facility renewal.

carlos


what bal sheet restraints??  Put debt up against working capital and you get about a net surplus.  Another M+A deal this morning, yeah it's small but consolidation continues.  On HWO's conf call last week, their CEO said they'd be interested in adding to their existing product lines and expand out to COILED TUBING if the opportunity arose. 

https://www.jwnenergy.com/news-feed/entry/6191/  Secure buying Ceiba



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