RE:RE:RE:If interest....Energy Service Company OpportunityGlad you posted you that hawkoil.
When scanning across companies...the balancesheets of both trican and essential are attractive.
No doubt.
But both of them rely on the completations end. Essential downhole tools and Trican Frack as core busness.
I see this end getting more crazy later in the year when more wells to finish off.
And I am just not a fan of the completation side compared to other parts of the sector.
And you dont need to frac the clearwater...and lots of that attractive heavy oil wells that will be drilled by lloyd...and in sask.
Not a fan of completations business model as it is a short time frame...one and done thing.
Trican for example...great company and all...but they have a 820m market cap...I can see them hitting 1 billion eventually but I think it becomes diffcult for them to be valued more then this due to the size of the canadian fracking market. Not big enough.
hawkowl1 wrote: ESN is a sure double from here.It should be taken out because managment is too timid.