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 > Good hedge bet

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Comment by Amadeus2011on Nov 03, 2020 7:37am

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Post# 31828434

RE:Good hedge bet

I'd say you're spot on with that analysis. Currently sitting at $0.14 it rarely moves below that but when it does it has always seemed to settle back at .15 or .16
Add to that the fact it is extremely undervalued plus the excellent management through this nightmarish perfect storm in the energy sector over the past 5 years and you get a sleeper stock that could pop large once global travel comes back online - And it will!

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