Ensign Energy Services Inc T.ESI

Alternate Symbol(s): ESVIF

Energy Oil & Gas Drilling

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

Ensign Energy Services Inc > They paid

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Comment by Insideron Feb 08, 2023 8:49pm

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Post# 35276033

RE:RE:RE:RE:RE:They paid

And why do you think it is necessary to pay off your debt? As long as you are reasonably leveraged you can remain a going concern and continue to profit from operations.
Profit from operations translates in to dividends or share buy backs which in turn increases share price.
Very few companies have 0 debt on their balance sheets if at all.

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