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Bullboard - Stock Discussion Forum 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... see more

TSX:ESI - Post Discussion

Ensign Energy Services Inc > debenture conversion
View:
Post by Possibleidiot01 on Jun 01, 2022 7:25am

debenture conversion

Some debt removed from the books and Murray Edwards , among others , gets some cheap shares for $1.75.
Now owns 4.64% more of the company.
Comment by itsalie on Jun 01, 2022 8:38am
Not sure if this is good news or bad news
Comment by DeanEdmonton on Jun 01, 2022 9:57am
The debenture holders, including Edwards lent the company real cash when the shares were trading in the 50 cent range and most people were predicting the company would go broke completely. They could have bought up all of the companies shares at 50 cents and taken the company private. That would have massively screwed the rest of the shareholders. Yes, it is a very good thing to have someone with ...more  
Comment by itsalie on Jun 01, 2022 11:59am
You buying any other oil service stocks?
Comment by DeanEdmonton on Jun 02, 2022 12:06pm
The only service company I own is ESI. Rest of my oil and gas stocks are longer term holds, less volatile like TRP, PPL, Suncor, Vermillion, Peyto, Freehold etc.
Comment by itsalie on Jun 03, 2022 10:24am
Comment by 2021Gamble on Jun 03, 2022 8:12pm
The service stock question wasn't posed to me,,,,but yes...there are others worth a looksee CEU.t SES.t TWM.t Cheers