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Ensign Energy Services Inc T.ESI

Alternate Symbol(s):  ESVIF

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

Post by DeanEdmontonon May 08, 2023 11:49am
242 Views
Post# 35436504

Good Results Overall But

Good Results Overall But The loan agreement is 5 months expired and there is no discussion as to when they expect to conclude the renewal. They can say they have a history of successfully renegotiating these but that is not a good sign. Major holders have more than enough cash to takeout the lending syndicate, but like last time they did that, it ends up with a large dilution. I will not be fully comfortable with the large number of shares I am holding until I see the leding agreement renewed at resonable terms.
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