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.

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Essential Energy Services Ltd

Bullboard Posts

Comment by LuckyLuchon Jan 08, 2019 9:26am

67 Views

Post# 29199413

RE:Order flow.............

Manufile showed up yest as a buyer as well. They have largely been absent for months on the buyside.

LuckyLuch wrote:
RBC has been standing in there and re-load buying at .32 the past several days. Them, along with Scotia have been the 2 axes as of late with TD popping up occasionly to buy as well.

Biggest recent sellers have been Scotia-weeks, Canacord-yest and Rayja last Fri.

With Trinidad to be delisted shortly after their jan 31st corp meeting, I'd hope that ESN can draw additional cad service allocations going forward. Low mkt cap is a hinderance but their balance sheet is without doubt top tier. Only better shape would be Trican who is actively buying back shares.