Essential Energy Services Ltd T.ESN

Things are looking up

[forkliftguy]

I have been in and out of this stock a few times over the last several years .  I have to say -  Based on all the financials and the price of oil and natural gas ,  this stock is really undervaled .  I doubled my stock position in ESN yeasterday  .  I can easily see a double or more on this stock in the next few months .  If the stock doesn't rise , This is a real opportunity for the company to do share buybacks .  I am really happy to see the price of oil improve for our friends in Saskatchewan ( my Mom was born there )  and Alberta .  It's their turn for good news .

[Stonksonlyup90]

I trimmed my position by 1/2 after the ER this last week.. they made it clear in the MD&A that their costs are beginning to rise (they had to reinstate salaries they cut) meanwhile they aren't seeing any benefits of increased activity or pricing because producers are going to be focused on strengthening their Balance Sheet and sustainable growth. their current banking agreement prevents