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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 Possibleidiot01on Nov 17, 2023 3:24pm
323 Views
Post# 35741788

BNN article

BNN articlePersonally inclined to think Precision Drilling has more discipline than ESI.

These energy stocks have very disciplined capital spending: expert

 
 
 

The energy sector is experiencing volatile commodity prices but well-managed companies with disciplined spending should navigate the uncertainty well, according to at least one expert. 

Waqar Syed, managing director of energy technology and services and head of research at ATB Capital Markets, told BNN Bloomberg in an interview on Friday that energy service fundamentals tend to follow long-term projects and are not as impacted by day-to-day price volatility.

He added that several well-managed stocks in this sector will not fall victim to an energy boom-and-bust cycle seen in the past.

“The management of typical energy services companies have become very disciplined relative to what you saw in previous cycles,” he said. “They have very disciplined management teams, very disciplined capital spending, very disciplined investments in services and supply.” 

He recommended TechnipFMC (FTI NYSE), Trican Well Service (TCW TSX), Ensign Energy Services (ESI TSX) as his top three stock picks within the energy services space.

Syed, his family, his firm and his investment banking clients do not own any shares in the stocks mentioned above



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