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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 Amadeus2011on Jul 28, 2022 5:17am
230 Views
Post# 34856039

RE:RE:RE:RE:RE:RE:RE:RE:RE:If your invested, email Garnet/ESN ASAP

RE:RE:RE:RE:RE:RE:RE:RE:RE:If your invested, email Garnet/ESN ASAP I'm not sure why you think I work for ESN. I do not. I have no more access to the management than you do.
As for "ridiculous amounts of money" maybe you're not aware of this but the executives all took a 20% pay cut  over the past couple of years to help the company get through covid. This is while employees were taking between 5% and 15 %. I'd say that's not a group of people (all three of them) that are "in it for themselves".
As I understand it, the company did everything they could to keep the company going and keep people employed through VERY bleak times. Again that's not a group of people that are "in it for themselves".

Also, I was just looking at a list of the 100 top paid CEO's in Canada, and Garnet isn't on the list. So I'm not sure why you think they are getting ridiculous amounts of money. They are executives and so will make more than other employees. Did you think they shouldn't? What sort of salaries should they make? Give us a number.

I get your frustration with the stock price. I too am down a LOT, but you need to keep in mind that executives get executive pay and this bunch is way at the low end of that scale. And the very fact that the company is still in business and didn't close down like so many of their peers over the past few years is testament to a solid management strategy.
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