Essential Energy Services Ltd.

ESN-T

Analysis and Opinions about ESN-T

Signal
Opinion
Expert
WAIT
WAIT
March 28, 2019
They paid down the debt recently and are in very good shape. They are doing less CAP-X this year. His target is $1.20 so there is lots of upside. It will be a Q4 opportunity.
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They paid down the debt recently and are in very good shape. They are doing less CAP-X this year. His target is $1.20 so there is lots of upside. It will be a Q4 opportunity.
HOLD
HOLD
February 28, 2019
It is a small cap. The largest coil tubing company in Canada. It is a survivor. Book value is $1.17. He likes the management company. They are doing all the right things. This was a $2.50 stock in 2014 so you could see $2 going forward at some point a couple of years down the road.
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It is a small cap. The largest coil tubing company in Canada. It is a survivor. Book value is $1.17. He likes the management company. They are doing all the right things. This was a $2.50 stock in 2014 so you could see $2 going forward at some point a couple of years down the road.
BUY
BUY
September 7, 2018

It has only $19 million of debt and has a book value of $1.15. He thinks the stock is a buy here. It is one of the country’s largest coiled tubing company. He has a 12 month price target of $1.20. He will like be strongly recommending it during the tax season loss selling period November or December.

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It has only $19 million of debt and has a book value of $1.15. He thinks the stock is a buy here. It is one of the country’s largest coiled tubing company. He has a 12 month price target of $1.20. He will like be strongly recommending it during the tax season loss selling period November or December.

PAST TOP PICK
PAST TOP PICK
August 13, 2018

(A top pick September 18/17, down 11%). Is Canada’s largest coil tubing company needed for drilling and fracking. Very good numbers in 2nd quarter. Book value is $1.15. Has a 1 year target of $1.20 and a 3-5 year target of $5.00. These stocks are totally ignored.

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(A top pick September 18/17, down 11%). Is Canada’s largest coil tubing company needed for drilling and fracking. Very good numbers in 2nd quarter. Book value is $1.15. Has a 1 year target of $1.20 and a 3-5 year target of $5.00. These stocks are totally ignored.

PAST TOP PICK
PAST TOP PICK
June 18, 2018

(A Top Pick Sep 18/17, Down 8%) He has a $1.20 target for it. Because the Canadian drilling industry as not recovered it has not done well. Book value is $1.17. He would stay with it. This is a Canadian LNG leveraged story.

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(A Top Pick Sep 18/17, Down 8%) He has a $1.20 target for it. Because the Canadian drilling industry as not recovered it has not done well. Book value is $1.17. He would stay with it. This is a Canadian LNG leveraged story.

BUY
BUY
April 3, 2018

He thinks pipeline capacity is increasing, which will be good for energy services companies. ESN is the largest coil tubing operator in Canada. It has $18 million debt versus $160 million of equity. Book value is $1.13, compared to a price of $0.52 on the day of interview, so the price is half of book. In turns of upside, it traded at 1.2x book during 2014, so in the next cycle, this company could trade for $1.20 to 1.30. His one-year target is $1.20.

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He thinks pipeline capacity is increasing, which will be good for energy services companies. ESN is the largest coil tubing operator in Canada. It has $18 million debt versus $160 million of equity. Book value is $1.13, compared to a price of $0.52 on the day of interview, so the price is half of book. In turns of upside, it traded at 1.2x book during 2014, so in the next cycle, this company could trade for $1.20 to 1.30. His one-year target is $1.20.

BUY
BUY
January 18, 2018

It is a bit small cap for him. It has good price momentum, good valuation, is cheap on a book value basis, and has a good balance sheet. You can buy it for a cyclical recovery.

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It is a bit small cap for him. It has good price momentum, good valuation, is cheap on a book value basis, and has a good balance sheet. You can buy it for a cyclical recovery.

COMMENT
COMMENT
January 15, 2018

The only public company that is a coil tubing operator. Book value is $1.16 so it is trading at a discount. They won a recent patent suit. He recommends it and likes the story. His only hesitation is that these companies have to tell their story. These guys are reclusive in this respect.

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The only public company that is a coil tubing operator. Book value is $1.16 so it is trading at a discount. They won a recent patent suit. He recommends it and likes the story. His only hesitation is that these companies have to tell their story. These guys are reclusive in this respect.

BUY
BUY
November 9, 2017

Their results this week were very good. A law suit against them was resolved in their favour. He thinks it will go up a lot and covers it. He thinks in 3-5 years it will get to $5.00.

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Their results this week were very good. A law suit against them was resolved in their favour. He thinks it will go up a lot and covers it. He thinks in 3-5 years it will get to $5.00.

TOP PICK
TOP PICK
September 18, 2017

It has rolled over. It is the largest coil tubing operator. They have a book value of $1.14 and is trading half that. It went from 50 cents to 2.18 and is now back down almost to that level. Over half of the stock is held by institutions. He will put it on his action buy list in the next couple of months. (Analysts’ target: $1.05).

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It has rolled over. It is the largest coil tubing operator. They have a book value of $1.14 and is trading half that. It went from 50 cents to 2.18 and is now back down almost to that level. Over half of the stock is held by institutions. He will put it on his action buy list in the next couple of months. (Analysts’ target: $1.05).

BUY WEAKNESS
BUY WEAKNESS
July 28, 2017

A coil tubing operator. They sold their service rigs to Precision Drilling (PD-T) and are the largest coil tube operator in Canada. Insiders own a big chunk of the company of about 10%-11%. A very good operator. It could potentially be a $5 stock 3-4 years from now. Any time you see weakness, this would be a Buy.

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A coil tubing operator. They sold their service rigs to Precision Drilling (PD-T) and are the largest coil tube operator in Canada. Insiders own a big chunk of the company of about 10%-11%. A very good operator. It could potentially be a $5 stock 3-4 years from now. Any time you see weakness, this would be a Buy.

COMMENT
COMMENT
June 12, 2017

Has debt of $18.2 million, but that is on a $60 million line. 142 million shares are outstanding. Had a very, very good 1st quarter. The cost structure has come down significantly. Insiders own about 30% of the stock. They did $10.2 million in EBITDA in Q1, up from a -$2.2 million. Feels this is a great and attractive buy under $.60, and a table pounding buy under $.52. A stock you definitely want to be looking at.

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Has debt of $18.2 million, but that is on a $60 million line. 142 million shares are outstanding. Had a very, very good 1st quarter. The cost structure has come down significantly. Insiders own about 30% of the stock. They did $10.2 million in EBITDA in Q1, up from a -$2.2 million. Feels this is a great and attractive buy under $.60, and a table pounding buy under $.52. A stock you definitely want to be looking at.

BUY
BUY
May 29, 2017

It is essentially a small cap. They are the largest coil tubing manufacturer in Western Canada. They just announced their best results since 2014. It has one of the best balance sheets of the service providers in Alberta. It does not get as much attention because it is small cap.

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It is essentially a small cap. They are the largest coil tubing manufacturer in Western Canada. They just announced their best results since 2014. It has one of the best balance sheets of the service providers in Alberta. It does not get as much attention because it is small cap.

WATCH
WATCH
December 12, 2016

He would like to see the price stay up here. There will be resistance at the September highs. Buy it above the resistance or at the support level.

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He would like to see the price stay up here. There will be resistance at the September highs. Buy it above the resistance or at the support level.

COMMENT
COMMENT
December 5, 2016

An oilfield services company. Longer-term, he likes this. They are the Western Canadian leader in the coil tubing service business. Long-term, there is a good opportunity in this space. In the short term, he would be a little bit cautious on the entire services space. Profitability is pretty muted.

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An oilfield services company. Longer-term, he likes this. They are the Western Canadian leader in the coil tubing service business. Long-term, there is a good opportunity in this space. In the short term, he would be a little bit cautious on the entire services space. Profitability is pretty muted.

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