Bullboard - Stock Discussion Forum Ensign Energy Services Inc T.ESI

Alternate Symbol(s): ESVIF

Energy Oil & Gas Drilling

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

Add To Watchlist

TSX:ESI - Post Discussion

Ensign Energy Services Inc > Fairfax will get $780 million...

View:

Post by lifeisgood1010 on Jul 15, 2024 9:59am

Fairfax will get $780 million...

With the sales of their Stelco position, Fairfax will get close to 780 million in cash.

Will they be tempted to increase their position in Ensign?

This morning move tell me that some investors are betting on that.

To take Ensign private would almost be pocket change for Fairfax

243

Comment

Comment by Nothingmatters on Jul 15, 2024 4:59pm

Anyone able to explain, today's spike.. Esi is definitely undervalued.

Comment

Comment by Possibleidiot01 on Jul 21, 2024 7:14am

Murray Edwards. and his 23.33% interest which he's held for years would be the argument against this thought. It would take one great offer to get a deal.

Comment

Comment by lifeisgood1010 on Jul 22, 2024 7:09am

Good morning Possible, I was not clear, when i wrote "To take Ensign private would almost be pocket change for Fairfax" It was to show how small ESI position sits in the overhall Fairfax conglomerat Fairfax as again (June 10th) added to it's position in ESI by buying 7,782,600 shares at $2.34.I thought that maybe they could be tempted to increase their position ...more

139

Comment