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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

Post by forkliftguyon Mar 31, 2023 9:15am
225 Views
Post# 35371355

Non Profit

Non ProfitI really don't know why I care what this company does anymore .  I only have 20K shares  which wouldn't buy a good used car .  I  have owned and sold  this company a few times  over the years , starting about 15 years ago when the shares were trading at $1.25  .  I might have made a small profit on my first investment , but I sure have'nt made anything since .  This is my definition of a Non Profit organization .  I don't really see where the OWNERS  ( SHAREHOLDERS )  of the company get much say or returns  .  If this was my  private company  , I would start with a hpecific profit goal in mind .  Lets say 10% of the 150 Million in sales .or 15 million dollars profit .  THe balance of 135 Million covers everything else . Figure it out . Not easy . That is what a good management should do .  To me , a company which traded at $1.25   15 years ago and is now  34 cents is embarasing .  Just one  old retired Salesman's opinion .  


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