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Essential Energy Services Ltd EEYUF


Primary Symbol: 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 Mrsixsixon Jul 04, 2022 3:12pm
176 Views
Post# 34799910

RE:Where is ESN Stock going ?

RE:Where is ESN Stock going ?


I have a large position myself.

I think this company is finally ready to turn the corner.

The leadership team is starting to make moves that are beneficial to shareholders now that a significant portion of their remuneration is linked to stock options and stock performance.. The stock buybacks are active and constant via NCIB as well.

I think this upcoming 2nd quarter report will offer encouraging statements regarding the companies profitability going forward. In the 1st quarter report the CEO announced that customers were now on board with paying higher prices and additional premiums will be charged to non-recurring business partners.

I'm holding because I sincerely believe this stock has the potential to climb to $1 by year end.

Drilling activity is ramping up and it's only going to increase IMO over the next 3-5 years as the west tries to wean itself off of Russian fossil fuels during a time when the world is already seriously undersupplied.

I suggest hanging in there - I am.

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