Essential Energy Services Ltd T.ESN

Market cap 40m …. Implied value of deal 77m

[marketdiva]

Someone fill me in plz ......

[Rollyzzz1]

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[lifeisgood1010]

Enterprise value means all stocks time 40 cents + debt less cash. The energy service sector is in a turn around situation With price of oil at these levels and if OPEC + stay resolute with their production cuts, then like Sollmg wrote Element is getting  ESN at a low ball figure. I recently bought more than 50,000 shares of Akita Drilling(Akt.a) Over the past 4 quarters, Akita has earned

[kavern23]

For disclosure I am not in CWC or ESN but I follow all of these service sector companies as my passion but I havent seen signs in 2022 or 2023 to jump back in. I waited for my data, Q1 and Q2 and I see lots of problems in this sector. Look I think CWC and ESN were sold on surface at very cheap prices.  Studied CWC deal alot and ESN not as much and it is a bad sign for the sector.  

[kavern23]

On my radar wathlist of things to buy if stocks were to crash lower in value, patient for low points and I dont think sector has bottomed out in canada yet..but Akita Drlling was my fav. But Akita could have same problem CWC had...if put for sale isnt many logical on a strategic level merger fits. Need more than one bidder to get a good price, like an auction principle. And that is probably why