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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 Dec 28, 2017 2:43pm
207 Views
Post# 27239389

RE:RE:RE:Eldon Heck...can any insiders shed light on this guy?

RE:RE:RE:Eldon Heck...can any insiders shed light on this guy?

Also, in their recent presentation the company alluded to "international opportunies" for the tool rental biz.  Hoping this guy wasnt hired in order to expand into overseas markets and have another "Columbia" disaster on our hands. 

With the succesful result of the patent ruling, why have they not renegotiated their credit facilities in order to remove the covenants which restrict dividends?  How about a stock buyback?  Not including CWC(which has an absolutely untenable ownership structure), ESN is by far the cheapest services company using any valuation metric.  It's time for this do-nothing BOD to perrform their fiduciary responsibility for shareholders.

 


LuckyLuch wrote: I fully understand execs getting yearly option grants but have never seen an "all the above" unless he was poached from a competitor.  I cant get any bio info(even on linkedin), how long has he been at ESN?

 

TheStove wrote: Eldon Heck, a quick google search, says he is in charge of Tryton Tools, and therefore probably is probably worth his weight in gold. As with all the top managers of ESN, all working hard to navigate this down-turn. And today ESN is make significant positive gains in a very challenging environment, while many other companies are being ground under.




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