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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 Aug 09, 2023 2:40pm
245 Views
Post# 35580106

A Floater

A FloaterI consider Essential to be a floater type of stock .  Nothing much happens  over many years .  The stock price is much lower than it was 15 years ago when I also owned it .  I seem to recall that it was in the $1.15  range in 2008 .  Contrast the stock performance of Ensign Energy which is up 50 % in the last two months and which I also own . I'm really not much interested in a variety of excuses why the company is not doing better .  Can anybody give me a reason to own  ESN going forward   ?   It looks cheap  , but is it really .  Just one retired salesman's opinion




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