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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 > What Shareholder Value ? ?
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Post by forkliftguy on Sep 18, 2023 11:49am

What Shareholder Value ? ?

I mentioned before that I owned this company 15 years ago at $ 1.25 per share .  The buyout offer is 40 cents a share .  What and where is there any financial shareholder value ?  People buy stocks for one reason only -- to increase their net worth .  Anyway ,  I will hold this company for a few more days on the  small possibility of another offer , after which I will chock it up as a very poor investment on my part .  Just one retired salesmans opinion .
Comment by kavern23 on Sep 18, 2023 6:21pm
Just because oil and gas prices seem healthy doesnt mean the industry is for next year. Look at Aeco hedging price for Alberta NG...in peak heating demand season, January 2024 can only hedge NG for 3 dollars.source: https://www.gasalberta.com/gas-market/market-prices Unless a very cold winter in North America...that is pointing to NG being sub 2 dollars in Western Canada next summer. Gamble ...more  
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