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Ensign Energy Services Inc T.ESI

Alternate Symbol(s):  ESVIF

Energy Oil & Gas Drilling
Ensign Energy Services Inc. is a technologically advanced oilfield service provider. It provides oilfield services to the oil and natural gas industry in Canada, the United States and internationally. Its services include drilling, directional drilling, well servicing and rental equipment. Its well services include well completion and re-completions, well abandonment, production workovers, downhole pump servicing and/or replacement, well sidetracking and deepening, fishing and swabbing operations, and corod injection. It offers a comprehensive range of resolutions, customized to meet the needs of its customers, including advanced drilling systems, automation technologies, directional drilling tools, and environmental innovations. Its ASR 150 is a fully automated service rig that eliminates all manual manipulation of tubulars from the pipe rack to the make-up of a connection, reducing the number of personnel on the rig floor. It offers pressure testing, tool rentals or torque wrenches.


TSX:ESI - Post by User

Ensign Energy Services Inc
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Comment by Schussing56on Aug 09, 2019 10:16am
209 Views
Post# 30010733

RE:RE:RE:I have a feeling the dividend will get cut.....

RE:RE:RE:I have a feeling the dividend will get cut.....Precision's long term debt stands at $1.515 billion and they are trying to bring it down to $1.4 billion by the end of 2019.  Ensign's current long term debt stands at $1.622 billion.  Why the massive miss on 2nd quarter revenues?  $58 million is a significant miss.  Perhaps under deployed assets in the Middle East due to friction with Iran?  I think they are deploying some more rigs in Kuwait so, perhaps things will improve in Q3!
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