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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 Aug 16, 2017 9:29am
109 Views
Post# 26586728

bottom?

bottom?---if you look at a chart of ESN & WRG you will see that in the last 2 days we have started to set a bottom, especially with WRG which has so very slightly started to turn up. ---also one report on inventory this am or late yesterday suggested a massive draw down (9 MBOE). If confirmed today we could get a +ve reaction from some companies in the oil sector. ---I believe sentiment regarding drilling activity was positive of late as has been said by other posters here, ESN etc. are doing not so bad. --also the market, finally, is dis-regarding pretty well what POTUS says in his tweets & his business council is losing members daily it seems. ---also another reason the market is in denial/lacklustre performance in the oil sector at least, is the realization that the Trump agenda is past its due date for this year! No tax reform nor repatriation of money. ---even the latest talk that POTUS may get his 1st legislative win thru NAFTA negotiations is not likely if Freeland has anything to say about it. ---let's hope the oil inventory drawdown I massive & confirmed. carlos
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