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 > What is going on here?

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Comment by auburn2on Oct 16, 2020 7:49pm

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Post# 31733076

RE:RE:RE:RE:RE:What is going on here?

They don't need much cash flow now given they have the balance sheet to wait out a recovery, same as I do. The cash flow will come as market conditions improve. No need for a takeoer, no need for any gimmicks or clever tactics. They will do just fine once the tide turns. This team has proven themselves top tier and I want to personally congratulate them.

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