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Essential Energy Services Ltd T.ESN

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.


TSX:ESN - Post by User

Comment by Torontojayon Jan 17, 2021 6:56pm
176 Views
Post# 32316411

RE:Getting noticed US pink sheets EEYUF

RE:Getting noticed US pink sheets EEYUFThe rally in Essential Energy will first be linked to the rally in oil in general. Then at some point, there will come a time when investors will notice how cheap this company is on a relative basis which will further drive the price even further. For instance, Trican Well Service is trading at about 87% of book value and a price to sales ratio of 0.99. Essential energy which is cash rich is trading at 27.8% book value and 39% of sales. Sometimes this can take years to play out but I'm willing to wait for the big pop. 
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