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 > Inventory as a current asset

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Comment by auburn2on Dec 24, 2020 3:40pm

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Post# 32181521

RE:Inventory as a current asset

Basically the $32 million of inventory is going to be used to generate EBITDA that is less than that $32 million. At book value it may be worth $32 million, but it functions very differently than cash and receivables.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?