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 > Net current asset value

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Comment by winterishereon Jun 25, 2020 4:44pm

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Post# 31192435

RE:Net current asset value

Torontojay wrote: In addition to trading below working capital, the companies current assets minus total liabilities is greater than current market cap. A good sign that we are around floor bottom. Time will tell.

I've telling myself this for years and just watched it go down. It might be time for me to lock in my capital loss and take a look at it again in November.

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Rig Count Soars as Utilization Surpasses Industry Averages