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Ensign Energy Services Inc T.ESI

Alternate Symbol(s):  ESVIF

Ensign Energy Services Inc. is a technologically advanced oilfield service provider. It provides oilfield services to the oil and natural gas industry in Canada, the United States and internationally. Its services include drilling, directional drilling, well servicing and rental equipment. Its well services include well completion and re-completions, well abandonment, production workovers, downhole pump servicing and/or replacement, well sidetracking and deepening, fishing and swabbing operations, and corod injection. It offers a comprehensive range of resolutions, customized to meet the needs of its customers, including advanced drilling systems, automation technologies, directional drilling tools, and environmental innovations. Its ASR 150 is a fully automated service rig that eliminates all manual manipulation of tubulars from the pipe rack to the make-up of a connection, reducing the number of personnel on the rig floor. It offers pressure testing, tool rentals or torque wrenches.


TSX:ESI - Post by User

Post by LivingTheDream1on Oct 25, 2021 8:42pm
331 Views
Post# 34047819

Added to Position Today.

Added to Position Today. Picked up a bunch of ESI shares at $2.15 avg cost today. Drilling related activity starting to pickup.... and why would it not. Producers not too anxious on adding new wells just yet and will look at harvesting O&G from existing wells. Ultimately new production will be required (and lots of it) as it will soon be evident that oil inventory levels will continue to drop to dangerous levels. Market will soon realize this as demand for drilling related activity will jump to pre covid levels. Just a matter of time before we see a 4 handle on ESI shares (almost a double from current levels).
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