Essential Energy Services Ltd T.ESN

Good hedge bet

[Torontojay]

I view this company as a great stock to own in this environment. It doesn't move much lower or higher and will only move up when there is optimism in the oil industry or future outlook. On the other hand if all your stocks in your portfolio move down, this company does not budge in share price. This gives you plenty of flexibility and of course protection in your portfolio. A great hedge stock to own!

[Amadeus2011]

I'd say you're spot on with that analysis. Currently sitting at $0.14 it rarely moves below that but when it does it has always seemed to settle back at .15 or .16 Add to that the fact it is extremely undervalued plus the excellent management through this nightmarish perfect storm in the energy sector over the past 5 years and you get a sleeper stock that could pop large once global travel

[houbahop]

I'm surprised by the lack of reaction to the earnings. No more long term debt and some cash in the bank. This management has done miracle in these tuff circumstances. Book value of $1 and trading at $0.16

[bever64]

You are 100% right...mgmt has done at outstanding job operational ly but they drive me crazy by being so conservative! They have 5M in the bank...that can buy back A HELA VO LATA Shares at any price point up to .25c. Unfortunately this stock has been massively undervalued for years and i guess we are just gonna have to wait for a hostile takeover or private takeover to move the needle here. quote