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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

Comment by Schussing56on Oct 26, 2021 8:16am
203 Views
Post# 34048571

RE:Added to Position Today.

RE:Added to Position Today. You could be right but, I would be cautious.  Ensign historically, has been seen as a better company than, for example, Precision Drilling, however, Precision has received government support in the past and, their share consolidation seems to have improved their perception in the eyes of the market.  Of course, the oil and gas industry is under a lot of pressure from Climate changers.  The state of California has banned gas-powered cars, I think, by 2035 so, I think some oil services companies could do reasonably well but I'm not sure if I would bet the farm on it?  Just sayin'  GLTA!
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