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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 askQuestions1on May 15, 2019 4:07pm
89 Views
Post# 29750050

RE:RE:RE:RE:No buyback, no new rev streams..idle equip

RE:RE:RE:RE:No buyback, no new rev streams..idle equip
Amadeus2011 wrote: Not your "pal". I don't know why you're getting so worked up about this. 

You pointed out the very thing that is keeping this stock down. "the sector sucks.for everybody". So in otherwords there really isn't anything to "create value and interest" at this point in the sector cycle. Staying in business is the name of the game and they're doing that very well judging by the balance sheet.
Did you ever consider that maybe you're looking at this backwards? Maybe you're not hearing anything about buy backs or M&A because there are other plans in the works? Maybe Essential is going to be the one buying! 

My point is that you need to stop screaming at management because you bought higher and want your money NOW!!!! and sit back a bit and look at the bigger picture. 

Personally, at these levels I'm buying as much as I can because I'm 100% positive that the SP will be higher in the future - without buy backs. I'm quite content to buy and sit on it for a couple of years.

Obviously you're not. You just want somebody to blame.



What you don't realize is that a company with a weak ballance sheet can buy ESN to strengthen their ballence sheet.  

This company is a sitting target... and ESN employees are at risk of loosing their jobs...  Especially managment... 
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