Ensign Energy Services Inc T.ESI

Upward Trjectory But Lots Of Drops on the Way

[DeanEdmonton]

There is not doubt this stock is headed higher over the next 12-18 months, but there are also a lot of minor corrections on the way up. This is not new, in 35 years of following and buying/selling this stock it has always done this. It is what makes it a trading stock versus a longterm buy and hold. It even shows significant seasonal patterns in most, though not all, years. The one thing that is currently different about this stock is the leaverage it is carrying. It is packing an awful lot of debt, and this is not its previous way of doing things. If this was mot a Murray Edawrds owned comany I doubt lenders would be so willing to lend at htese levels. This does make the stock less secuure over down drats in demand.

[Basil3575]

The problem with day trading ESI is you could be on the wrong side of your short term trade very quickly. The people who shorted ESI at $ 4.50 thinking it will trade back to $3.75 are feeling the pain today. I am up over 300 % holding Don't be surprised to see ESI in the $ 10.00 range when they are making lots of money and pay off a significant part of the Dept. Now is the time for Drillers to

[DeanEdmonton]

I agree. I have never advocated day trading ESI. My version is you buy it depressed, hold it 12 to 18 months, sell at the high or close to it, hopefully, and wait for it to come back down to re-buy. That strategy was a lot more fun when you got dividends while you waited, but when it got down to 60 cents, divy or no, it was time to load up. Like I said peviously, at 6 bucks that is a ten bagger