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 Jun 13, 2017 4:11pm

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Post# 26358281

RE:BNN - Josef Schachter June 12 - FYI

Not sure where ole Joe gets that 30% owned by insiders. In a presentation last spring, they mentioned mgt+employees owned aboot 14%. Also, while Joe is correct that their credit revolver is drawn to 18 mil.....add in the account rec. and back out account payables and you get a 2M credit...not to mention 20M worth of inventory. His $5 target in a $75-$80 crude world is rather suspect, we think fair value would be closer to 3.50/4 cad.

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