TSE:ESN

Essential Energy Services Ltd. (ESN.TO)

0.40
-0.00 (0.00%)
as of Nov 15, 2023, 8:24:10 pm Market Open.
61 watching
0
BUY

The best part of their business is tube coil. Stock was hurt when they moved some equipment down to Colombia. An oil-producing country but Colombia has huge bureaucracy so they are possibly leaving there. The rest of their business is doing very well. 4.7% yield is safe.

BUY

In the oil service business especially in coil tubing where they dominate the industry. One of his favourite stocks. Has been volatile lately. The trouble with this area is that gas rigs have become idle which has caused some negativity. They are not in this area any more. Really good balance sheet and a nice dividend. Execute very well. Likes the outlook as he feels oil is going to stay at a high level.

PAST TOP PICK
(A Top Pick June 29/11. Down 10.07%.) Everything’s great with the company but people are putting money into big cap stocks rather than the small caps.
TOP PICK
Oil service company and services wells that have been drilled. Used to be only in Alberta but is now in other provinces. Also has a small division in Colombia which is growing rapidly. Has switched from being natural gas to being oil oriented and to natural gas liquids. 4.7% yield.
BUY
Company has grown substantially. New dividend on the stock, 4.3%. Likes the stock and he thinks in due course it is a takeover candidate.
COMMENT
Likes this company a lot. Management walks the talk. Very cheap and is trading below tangible book. Recently acquired Technicoil. Trading under 10X earnings. Likes the sector. Wouldn't be surprised to see this being a takeover candidate sometime over the next 12 to 18 months.
PAST TOP PICK
(A Top Pick Dec 29/10. Down 9.9%.) Still likes very much. Switched from being gas oriented and also expanded geographically. Have also set up operations in Colombia. Good management.
BUY
Oil and Gas services company. Used to be just gas but switched to oil as well. Moved some of their rigs and people down to Columbia. Well run company with great balance sheet, hardly any debt. Acquisition is integrating well. Buy for the long term, is worth the high $2’s
PAST TOP PICK
PAST TOP PICK
(Top Pick September 13/10, Up 37.98%)
HOLD
Trading well below book. Good management. Likes the company.
BUY
An oil services company, which has branched out from Canada into Colombia. Likes their diversification. Well-capitalized and earnings are coming through as he expected.
BUY
Services to oil/gas companies. Likes the management. Trading below book value. Very disciplined and no debt. Expect they will do relatively well as long as oil hangs in where it is and does better.
TOP PICK
Oil service company in Western Canada, which has recently moved some of their rigs down to Colombia. Utilization is up quite a bit. Recently made an acquisition to strengthen their position. Good balance sheet and good management. Buying now takes advantage of seasonality.
PAST TOP PICK
(A Top Pick July 09/10. Up 72.81%.) Still has lots of upside.
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