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.
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.
Josef Schachter
President, Schachter Asset Management
Price
$0.305
Owned
Unknown
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.
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.
Josef Schachter
President, Schachter Asset Management
Price
$0.305
Owned
Unknown
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.

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.

Josef Schachter
President, Schachter Asset Management
Price
$0.490
Owned
No
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.

(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.

Josef Schachter
President, Schachter Asset Management
Price
$0.520
Owned
No
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.

(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.

Josef Schachter
President, Schachter Asset Management
Price
$0.570
Owned
No
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.

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.

Josef Schachter
President, Schachter Asset Management
Price
$0.520
Owned
Unknown
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.

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.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$0.770
Owned
No
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.

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.

Josef Schachter
President, Schachter Asset Management
Price
$0.820
Owned
Unknown
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.

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.

Josef Schachter
President, Schachter Asset Management
Price
$0.770
Owned
Unknown
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).

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).

Josef Schachter
President, Schachter Asset Management
Price
$0.590
Owned
No
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.

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.

Josef Schachter
President, Schachter Asset Management
Price
$0.590
Owned
Unknown
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.

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.

Josef Schachter
President, Schachter Asset Management
Price
$0.650
Owned
No
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.

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.

Teal Linde
Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report
Price
$0.760
Owned
Yes
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.

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.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$0.670
Owned
Unknown
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.

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.

Alex Ruus
Portfolio Manager, Arrow Capital Management
Price
$0.600
Owned
No
COMMENT
COMMENT
June 17, 2016

An oil service stock. He still believes in the company long-term and thinks it is a survivor. They not only cut the dividend, they eliminated the dividend. He wants to be there for the long-term.

An oil service stock. He still believes in the company long-term and thinks it is a survivor. They not only cut the dividend, they eliminated the dividend. He wants to be there for the long-term.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$0.600
Owned
Yes
HOLD
HOLD
October 1, 2015

He just talked to management this week. The stock has been hit pretty badly. They have a pristine balance sheet. They will survive and thrive when things turn around. It is very well managed. They will take advantage of other company’s missteps. He would never own an energy company because of its dividend, or any commodity company for that matter.

He just talked to management this week. The stock has been hit pretty badly. They have a pristine balance sheet. They will survive and thrive when things turn around. It is very well managed. They will take advantage of other company’s missteps. He would never own an energy company because of its dividend, or any commodity company for that matter.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$0.690
Owned
Unknown
COMMENT
COMMENT
August 19, 2015

(Owns a small position.) A small cap, high quality oil service company operating mostly in Canada with some operations in the US. Unlike a lot of its competitors it has a pristine balance sheet so it will be a survivor. Really good management. Recently cut its dividend and there is a possibility that if things stay bad for a long time, it will eliminate its dividend. Things will probably get worse for them before they get better.

(Owns a small position.) A small cap, high quality oil service company operating mostly in Canada with some operations in the US. Unlike a lot of its competitors it has a pristine balance sheet so it will be a survivor. Really good management. Recently cut its dividend and there is a possibility that if things stay bad for a long time, it will eliminate its dividend. Things will probably get worse for them before they get better.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$0.790
Owned
Yes
BUY
BUY
June 15, 2015

(Market Call Minute) On his short list.

(Market Call Minute) On his short list.

Teal Linde
Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report
Price
$1.160
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 12, 2015

(Top Pick Feb 5/14, Down 37.76%) All the oil services companies are being hit. A very well run company. They have parked a number of their rigs and have cut back on capital expenditures. When times get bad they do cut their dividends. He is not buying this stock right now.

(Top Pick Feb 5/14, Down 37.76%) All the oil services companies are being hit. A very well run company. They have parked a number of their rigs and have cut back on capital expenditures. When times get bad they do cut their dividends. He is not buying this stock right now.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$1.430
Owned
Yes
STRONG BUY
STRONG BUY
January 7, 2015

Likes this company a lot. Dividend is very secure. They are the biggest coil tubing unit supplier in the sector. Every one of the horizontal wells that has been drilled in the Western Canadian sedimentary basin is going to need to be touched again and this company has a great toe hold in that market. Thinks they are in pretty good shape. This is a screaming Buy in his view.

Likes this company a lot. Dividend is very secure. They are the biggest coil tubing unit supplier in the sector. Every one of the horizontal wells that has been drilled in the Western Canadian sedimentary basin is going to need to be touched again and this company has a great toe hold in that market. Thinks they are in pretty good shape. This is a screaming Buy in his view.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$1.490
Owned
Yes
BUY
BUY
December 4, 2014

Likes all oil service stocks. It has been hammered mercilessly. They have cut their dividend in the past and then brought it back. It is too early to know how the oil companies will react to a lower oil price.

Likes all oil service stocks. It has been hammered mercilessly. They have cut their dividend in the past and then brought it back. It is too early to know how the oil companies will react to a lower oil price.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$1.520
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 3, 2014

(Top Pick Nov 25/13, Up Down 28.62%) Didn’t see this one coming. There is lots of drilling going on and their profitability is not going down.

(Top Pick Nov 25/13, Up Down 28.62%) Didn’t see this one coming. There is lots of drilling going on and their profitability is not going down.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$2.010
Owned
Yes
BUY
BUY
October 3, 2014

Small oils services company that pays a dividend and could pay more. They have the largest coil tubing service units in Western Canada. It is a huge market for them. Dividend is secure and probably will go up.

Small oils services company that pays a dividend and could pay more. They have the largest coil tubing service units in Western Canada. It is a huge market for them. Dividend is secure and probably will go up.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$2.380
Owned
Yes
STRONG BUY
STRONG BUY
September 29, 2014

Considered it as a top pick today. It was hurt by bad weather. Thinks it will be pretty good for the rest of the year. Good balance sheet and safe dividend.

Considered it as a top pick today. It was hurt by bad weather. Thinks it will be pretty good for the rest of the year. Good balance sheet and safe dividend.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$2.480
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 12, 2014

(A Top Pick Aug 27/13. Up 8.84%.) Likes the story. This is coiled tubing. This is important technology in all the fracing. Have a bunch of new rigs coming that are thicker than normal and apparently in high demand. Last quarter they got their tooling business back on track again so now it seems the stock is on the up and up. Cheaper than all their peers and they pay a nice dividend.

(A Top Pick Aug 27/13. Up 8.84%.) Likes the story. This is coiled tubing. This is important technology in all the fracing. Have a bunch of new rigs coming that are thicker than normal and apparently in high demand. Last quarter they got their tooling business back on track again so now it seems the stock is on the up and up. Cheaper than all their peers and they pay a nice dividend.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$2.650
Owned
Yes
HOLD
HOLD
August 6, 2014

(Market Call Minute.) A Hold at this point, but close to a Buy.

(Market Call Minute.) A Hold at this point, but close to a Buy.

Michael Decter
President & CEO, Lawrence Decter Investment Counsel
Price
$2.370
Owned
Yes
COMMENT
COMMENT
August 1, 2014

Had a bad couple of weeks. Has been up and down, and has been a disappointment to him. The company has come across with what they promised mostly, but the market doesn’t seem to care. Good yield that is well covered. They were adversely hurt by bad weather in Western Canada this year. Weather is not the problem now, and he expects recovery in their earnings for the rest of the year. Doesn’t understand why it has sold off so much. 5.2% dividend yield.

Had a bad couple of weeks. Has been up and down, and has been a disappointment to him. The company has come across with what they promised mostly, but the market doesn’t seem to care. Good yield that is well covered. They were adversely hurt by bad weather in Western Canada this year. Weather is not the problem now, and he expects recovery in their earnings for the rest of the year. Doesn’t understand why it has sold off so much. 5.2% dividend yield.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$2.330
Owned
Yes
WATCH
WATCH
July 16, 2014

(Market Call Minute.) Not looking to get into this one right now. A little weakness in their 1st quarter. She is just going to wait and see how the next few quarters shape up.

(Market Call Minute.) Not looking to get into this one right now. A little weakness in their 1st quarter. She is just going to wait and see how the next few quarters shape up.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$2.520
Owned
No
BUY
BUY
June 25, 2014

Released their 1st quarter results. Utilization was difficult for them so the stock has been relatively flat. Specializing in deep coil operations. A very good suite of assets and a very good balance sheet with a strict allocation of capital. Good management.

Released their 1st quarter results. Utilization was difficult for them so the stock has been relatively flat. Specializing in deep coil operations. A very good suite of assets and a very good balance sheet with a strict allocation of capital. Good management.

Martin Davies
Portfolio Manager, Brickburn Asset Management
Price
$2.750
Owned
Yes
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