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Bullboard - Stock Discussion Forum Essential Energy Services Ltd T.ESN

Essential Energy Services Ltd. is a Canada-based company that provides oilfield services to oil and natural gas producers, primarily in western Canada. The Company offers completion, production and well site restoration services to a diverse customer base. Its Essential Coil Well Service (ECWS) segment provides completion and production services throughout western Canada. The ECWS fleet is... see more

TSX:ESN - Post Discussion

Essential Energy Services Ltd > ESN.TO will benefit (it’s not mentioned)
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Comment by WanTBe1 on Mar 15, 2022 11:03am
'Glory days ahead' for Canadian oilfield services stocks: BMO    WE shell see.?
Comment by auburn2 on Mar 15, 2022 3:10pm
Agreed on being skeptical. The producers are the better place to park capital for the foreseeable future. There's a great deal of competition for Canadian services with plenty of idle capacity.
Comment by auburn2 on Mar 15, 2022 3:32pm
Nothing but speculation justifies the run-up in price in Essential. 2021 was not better than 2020. The financials don't lie. EBITDA last quarter of $2.4 million vs $4.1 million in the sasme quarter in 2020. Margin down from 17% to 7%.
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