Essential Energy Services Ltd.

ESN-T

Analysis and Opinions about ESN-T

Signal
Opinion
Expert
BUY
BUY
June 23, 2014

Buying for new clients. First quarter weather hurt their earnings. He thinks this is a second half story. The dividend is safe because it is well covered.

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Buying for new clients. First quarter weather hurt their earnings. He thinks this is a second half story. The dividend is safe because it is well covered.

BUY
BUY
April 11, 2014

Likes the company. They are specialists in having a lot of coil tubing units to service wells and a variety of things. Applies to horizontal drilling and fracking, plus clean up. Trading well below $3 and should not be. Solid financials. Many wells are being drilled deeper and there are not that many smaller service companies that can go on a lease with them to provide a lot of highly specialized tools. Good balance sheet and solid dividend.

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Likes the company. They are specialists in having a lot of coil tubing units to service wells and a variety of things. Applies to horizontal drilling and fracking, plus clean up. Trading well below $3 and should not be. Solid financials. Many wells are being drilled deeper and there are not that many smaller service companies that can go on a lease with them to provide a lot of highly specialized tools. Good balance sheet and solid dividend.

COMMENT
COMMENT
March 21, 2014

Like all other drilling companies they have been affected by the weather, which has depressed earnings and probably will for the 1st quarter as well. He is viewing this as a 2nd half stock. If it were broken up and sold it would be worth about $3.50 which shows it is severely undervalued. Has a great yield (4.38%) which is safe. Good management. Very well run. Have good prospects for the year.

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Like all other drilling companies they have been affected by the weather, which has depressed earnings and probably will for the 1st quarter as well. He is viewing this as a 2nd half stock. If it were broken up and sold it would be worth about $3.50 which shows it is severely undervalued. Has a great yield (4.38%) which is safe. Good management. Very well run. Have good prospects for the year.

HOLD
HOLD
March 13, 2014

Likes the energy services sector, but he is buying higher market cap companies such as Calfrac (CFW-T), CanElson Drilling (CDI-T) and Canyon Services (FRC-T) which all 3 pay dividends. With the pullback of this company, it may be an opportune time to look at it again. All Canadian service companies should have a better 2nd half on volumes and margins. Dividend of 4.5%.

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Likes the energy services sector, but he is buying higher market cap companies such as Calfrac (CFW-T), CanElson Drilling (CDI-T) and Canyon Services (FRC-T) which all 3 pay dividends. With the pullback of this company, it may be an opportune time to look at it again. All Canadian service companies should have a better 2nd half on volumes and margins. Dividend of 4.5%.

TOP PICK
TOP PICK
February 5, 2014

An oil services company. Good balance sheet. 5% dividend. Basically own the coil tubing business and pricing there is very, very good. Sum of the parts is valued at $3.60. We are entering a strong seasonality for oil service companies.

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An oil services company. Good balance sheet. 5% dividend. Basically own the coil tubing business and pricing there is very, very good. Sum of the parts is valued at $3.60. We are entering a strong seasonality for oil service companies.

DON'T BUY
DON'T BUY
February 3, 2014

This is going down and he sees a lot of volume. If the price is dropping and the volume is spiking, at some point there is going to be a reversal where the price bounces off a value level. Sees a really strong support level at $2.09 which is where this is probably going to be heading to. Wait for sign of reversal.

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This is going down and he sees a lot of volume. If the price is dropping and the volume is spiking, at some point there is going to be a reversal where the price bounces off a value level. Sees a really strong support level at $2.09 which is where this is probably going to be heading to. Wait for sign of reversal.

COMMENT
COMMENT
January 17, 2014

Biggest part of their business is coiled tubing in the oil/gas industry, mainly in Western Canada. This was a business that historically was not that high of a value proposition. Anybody could buy a rig and stick coiled tubing into a well, but as these wells became more and more expensive because of deeper and longer lateral lengths, it requires much more sophisticated equipment and a higher skilled labour force. This is the market leader in Canada. Thinks they are going to start seeing some pricing increases as utilization continues to grow and they keep adding equipment for these deeper and deeper wells. 4.5% dividend yield. Prospects look pretty positive.

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Biggest part of their business is coiled tubing in the oil/gas industry, mainly in Western Canada. This was a business that historically was not that high of a value proposition. Anybody could buy a rig and stick coiled tubing into a well, but as these wells became more and more expensive because of deeper and longer lateral lengths, it requires much more sophisticated equipment and a higher skilled labour force. This is the market leader in Canada. Thinks they are going to start seeing some pricing increases as utilization continues to grow and they keep adding equipment for these deeper and deeper wells. 4.5% dividend yield. Prospects look pretty positive.

DON'T BUY
DON'T BUY
January 15, 2014

They are the purveyors in Western Canada for coiled tubing. When companies need to go down deep to scope a well, this is the company that is very good at it. Ranks in the middle of the pack for his process. Good dividend and management is very strong. Not looking at this one right now because of their earnings profile. Decent dividend yield.

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They are the purveyors in Western Canada for coiled tubing. When companies need to go down deep to scope a well, this is the company that is very good at it. Ranks in the middle of the pack for his process. Good dividend and management is very strong. Not looking at this one right now because of their earnings profile. Decent dividend yield.

BUY
BUY
December 30, 2013

Has really good management and good balance sheet. Moving into US for the first time. Almost exclusively oil. The whole sector has been held back because it wasn’t a great drilling season. Their coil tubing can be used in Nat Gas for LNG as well as oil.

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Has really good management and good balance sheet. Moving into US for the first time. Almost exclusively oil. The whole sector has been held back because it wasn’t a great drilling season. Their coil tubing can be used in Nat Gas for LNG as well as oil.

BUY WEAKNESS
BUY WEAKNESS
December 20, 2013

Although it has had a very good run, he thinks it has more potential. Likes the space and what they are doing. 4.1% dividend yield.

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Although it has had a very good run, he thinks it has more potential. Likes the space and what they are doing. 4.1% dividend yield.

COMMENT
COMMENT
December 4, 2013

Energy services with renting of tools and helping out on completion of wells. This should benefit from increased activity, not only on some of the larger plays in the Montne and Duvernay, but just generally. If AECO gas price is $3.80 today, that makes for a few more wells being drilled on the gas side. He is playing the service side more through the fracers.

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Energy services with renting of tools and helping out on completion of wells. This should benefit from increased activity, not only on some of the larger plays in the Montne and Duvernay, but just generally. If AECO gas price is $3.80 today, that makes for a few more wells being drilled on the gas side. He is playing the service side more through the fracers.

BUY
BUY
December 3, 2013

Likes it. Likes management. Company could be in play and could be a takeover candidate. Likes the service side of this company. 3.9% dividend.

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Likes it. Likes management. Company could be in play and could be a takeover candidate. Likes the service side of this company. 3.9% dividend.

BUY
BUY
November 26, 2013

Has been his very favourite holding for a very long time. Great assets. They do a lot of deep coiled tubing while servicing, which is stuff that can go extremely deep with a wider diameter than most of the regular well service guys. If you think LNG is going to come to Canada and we are going to ship the stuff off to China, this company should get some of those contracts. Inexpensive.

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Has been his very favourite holding for a very long time. Great assets. They do a lot of deep coiled tubing while servicing, which is stuff that can go extremely deep with a wider diameter than most of the regular well service guys. If you think LNG is going to come to Canada and we are going to ship the stuff off to China, this company should get some of those contracts. Inexpensive.

TOP PICK
TOP PICK
November 25, 2013

Energy Services. Biggest in coil tubing. They control their supply chain through contracts. Their tools business is expanding into the southern US as well. Good balance sheet. 4% dividend yield was recently boosted.

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Energy Services. Biggest in coil tubing. They control their supply chain through contracts. Their tools business is expanding into the southern US as well. Good balance sheet. 4% dividend yield was recently boosted.

BUY
BUY
October 25, 2013

(Market Call Minute.) One of the best oil/gas service companies.

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(Market Call Minute.) One of the best oil/gas service companies.

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