Viewing Opinion | StockChase
stockchase picture

Compiling comments that experts make about stocks while on public TV.

2013-09-13

Opinion for Essential Energy Services Ltd. (ESN-T)

Signal Price Bias Subject Owned
TOP PICK $2.800 CAUTIOUS on METALS CANADIAN RESOURCES Yes

If you have a longer-term view, you could possibly see a double in the energy services’ space, because a lot of energy services stock has gone through a very tough 3-4 years. A lot have paid down debt and are close to completion in building their fleets. Generating free cash flow as well as very healthy margins, ranging from 20% to 30%. As a sector they are all very attractively valued as they hardly have any debt on their books. This is trading at about 4X cash flow and has a 4.43% dividend yield. Also, 2014 is going to be a very robust drilling year.

Alice Tsang
Portfolio Manager, Marquest Asset Management

No Comments.


You must be logged in to comment.