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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

Post by forkliftguyon Apr 03, 2023 12:53pm
302 Views
Post# 35376494

Time for a change

Time for a changeI really don't know why I care about this investment of mine .  It is a very small position .  I think it is because I think the company can be doing much better .  It really needs some young oil executives to be involved . I'm talking under 40 years old .  I would pay they a modest base salary ,  say 250 K  per year , but with substantial bonuses attached to profitability and stock performance . .  I also think the company should be maximizing share buybacks  at this 36 cent a share level.  I would like to say that the Share performance over the last 15 years has been dismal ,  but it hasn't  even been that good .
Just one retired Salesman's opinion . 



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