Ensign Energy Services Inc T.ESI

My actual target for Esi is- Do your own research no advice

[Nothingmatters]

is $12 in one to two years. with 2.4 billion of assets and debt paid off its going to soar. Curretly the market cap is 1/5 of the assets. with 1.4 billion of debt and 2.4 of assests do the math. We should be sitting at 6.5 already. and once the debt goes down 12 here we come. Assumption is that Oil will have the wind behind its tails for some years.

Just my opinion and thinking out loud...What do you guys think??

[Schussing56]

Sounds good in theory but, I would be careful as, there are many other factors at play than just having the assets and a good business model. I thought that Ensign would be a good investment when they added $200 million to their balance sheet after stealing Trinidad Drilling but, of course the pandemic happened, the bottom dropped out of the price of oil and, Ensign dropped from about $6.50 down

[DeanEdmonton]

Shuss - you are spot on. Have been buying and selling Ensign for over 35 years. A guy can make some great money buying low and selling high but this stock has been up and down like the bride's pajamas for decades. REALLY poor buy and hold candidate, even if it is owned by one of the great oil and gas guys, Maurray Edwards.

[Bullchart1]

Prime target for take over IMO. My target is 6.00 if that happens

[DeanEdmonton]

I see zero chance of a takeover. It would of happened at 50 cents or Murray would hve takedn it private at that ptrice if he wanted to.

[Nothingmatters]

I dont think it is a take over target. $6-$9 will be soon here by Christmas if oil price holds..schuss you are right....diversification is key... Esi is good company though...

[Nothingmatters]

Just an opinion though...