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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

Comment by lifeisgood1010on Aug 30, 2024 10:03am
157 Views
Post# 36202665

RE:Fairfax is on mission

RE:Fairfax is on mission
Good morning Nothingmatters,

Could not again agree more with you.

Prem Watsa is a smart cookie.

Odyssey bought another 94,100 shares at an avg. price of $2.45 since my last reporting.

If, and it's a big if Fairfax alone or with Murray Edwards would like to take ESI
private then why rush since Fairfax can pick away at these low price.

This could continue for a while.

The good thing for existing shareholders is that Fairfax shares are not going back on the sell side.

Like i said i have a very small position but will probably increase it.

Right now, rig demand is still low and depressed.I am waiting to see at least a trend reversal
before adding.I may have to pay a higher price but i will have a better certainty in the direction.

I was way too early in the start of my building position in Akita.I will not repeat the same mistake
with Ensign.

Have a great long weekend.

Life

 
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