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.

TSX:ESN - Post by User

Essential Energy Services Ltd

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Comment by LuckyLuchon Feb 01, 2019 12:06pm

61 Views

Post# 29305861

RE:RE:Canaccord seller

Canacord sold another 50K plus this morning at .285. I posted recently regarding the comparision toi ZCL.TO vs ESN.TO.

The book value is about the same, trailing 12 months sales..about the same....gross margins..about the same. Net debt levels, very close.

Shaw is paying 3.2x book value which equates to 12.5x EV/EBITA!!!! I'm not suggesting that ESN deserves a similiar valuation now but certainly ESN has zero biz trading at .248x book value. A lot of frustrated LT holders want out, i get it and am more than happy to continue adding at these levels.

The appeal gets squashed.....I think HWO.TO and possibly TCW.TO would be quite interested.

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