Essential Energy Services Ltd.

ESN-T

Analysis and Opinions about ESN-T

Signal
Opinion
Expert
HOLD
HOLD
October 16, 2013

Has held it. Ranks in the middle of his process because of valuation being high. Wait for catalysts.

Has held it. Ranks in the middle of his process because of valuation being high. Wait for catalysts.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$2.800
Owned
No
BUY
BUY
October 16, 2013

Oil service company that can go back into gas if they want to. Expanded into Northern US and Columbia. They found out what the political risks were and decided to move out of Columbia. They own the coil tubing industry. Could be a player if LNG projects really take off. The outlook is still pretty good.

Oil service company that can go back into gas if they want to. Expanded into Northern US and Columbia. They found out what the political risks were and decided to move out of Columbia. They own the coil tubing industry. Could be a player if LNG projects really take off. The outlook is still pretty good.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$2.800
Owned
Yes
COMMENT
COMMENT
September 20, 2013

Energy services sector is the cheapest in the TSX. Beauty of this one, along with the others, is that most of them are paying dividends. This one pays 4.5% plus. This company is the largest in the coiled tubing in Western Canada. Have also done a great job in acquisitions and integrating. The company is a sitting duck to be taken over in the next 12-18 months. Regardless of where oil is, services still have to be maintained so companies like this will all do well in this environment.

Energy services sector is the cheapest in the TSX. Beauty of this one, along with the others, is that most of them are paying dividends. This one pays 4.5% plus. This company is the largest in the coiled tubing in Western Canada. Have also done a great job in acquisitions and integrating. The company is a sitting duck to be taken over in the next 12-18 months. Regardless of where oil is, services still have to be maintained so companies like this will all do well in this environment.

Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$2.880
Owned
Unknown
TOP PICK
TOP PICK
September 13, 2013

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.

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
Price
$2.800
Owned
Yes
TOP PICK
TOP PICK
August 27, 2013

Had a wet spring break up, missed expectations so the stock went down a little. What he likes is that they have a lot of deep coiled tubes servicers in their fleet. These are good for areas like Northeastern BC which has a lot of companies coming in to do drilling for liquefied natural gas. Expect they will be in high demand going forward. Should post pretty decent results for the rest of the year. Trading below 8X earnings. 4% yield.

Had a wet spring break up, missed expectations so the stock went down a little. What he likes is that they have a lot of deep coiled tubes servicers in their fleet. These are good for areas like Northeastern BC which has a lot of companies coming in to do drilling for liquefied natural gas. Expect they will be in high demand going forward. Should post pretty decent results for the rest of the year. Trading below 8X earnings. 4% yield.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$2.540
Owned
Yes
WAIT
WAIT
June 25, 2013

Had a great run. They do oil and gas servicing. They have a type of rig that are always fully utilized. This is a crown jewel in this space and the stock is cheap at these levels. He is a little cautious at this valuation. It might be worth taking some profits and waiting for a pullback to get back in.

Had a great run. They do oil and gas servicing. They have a type of rig that are always fully utilized. This is a crown jewel in this space and the stock is cheap at these levels. He is a little cautious at this valuation. It might be worth taking some profits and waiting for a pullback to get back in.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$2.700
Owned
Unknown
TOP PICK
TOP PICK
June 21, 2013

Their current rigs are very suited for SAGD heavy oil drilling as well as some of the deep basin drilling. There is a lot of activity in this space right now so she expects utilization as well as day rates to increase over the next year. Trades at about 5X cash flow. Very clean balance sheet. Could be a takeout candidate. Dividend yield of about 4%.

Their current rigs are very suited for SAGD heavy oil drilling as well as some of the deep basin drilling. There is a lot of activity in this space right now so she expects utilization as well as day rates to increase over the next year. Trades at about 5X cash flow. Very clean balance sheet. Could be a takeout candidate. Dividend yield of about 4%.

Alice Tsang
Portfolio Manager, Marquest Asset Management
Price
$2.680
Owned
Yes
TOP PICK
TOP PICK
June 5, 2013

In the completion of horizontal wells which is where the industry is these days. Very comfortable dividend of about 4%. Hidden jewel is perhaps their rental and tool business that is used in fracturing of well bores, which seems to offer a cheaper alternative to the ball technologies that exist today. Will have over $80 million in cash flow. Dividend costs about $13 million a year. Have less than half a year’s debt on the balance sheet. Have the biggest coil tubing fleet as well. Room to grow and room to increase the dividend.

In the completion of horizontal wells which is where the industry is these days. Very comfortable dividend of about 4%. Hidden jewel is perhaps their rental and tool business that is used in fracturing of well bores, which seems to offer a cheaper alternative to the ball technologies that exist today. Will have over $80 million in cash flow. Dividend costs about $13 million a year. Have less than half a year’s debt on the balance sheet. Have the biggest coil tubing fleet as well. Room to grow and room to increase the dividend.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$2.570
Owned
Yes
DON'T BUY
DON'T BUY
May 22, 2013

Services business is a derivative of the energy business. He is skeptical of any services name right now. Avoid it. They are just too volatile. They only bring them in when times are good.

Services business is a derivative of the energy business. He is skeptical of any services name right now. Avoid it. They are just too volatile. They only bring them in when times are good.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$2.450
Owned
No
TOP PICK
TOP PICK
May 17, 2013

An oil service company, expanded outside of Alberta. Managment is quite good. Have seventh biggest fleet in the industry. Payout is only 15%. Tried drilling in the Columnian market but cut their losses very quickly there.

An oil service company, expanded outside of Alberta. Managment is quite good. Have seventh biggest fleet in the industry. Payout is only 15%. Tried drilling in the Columnian market but cut their losses very quickly there.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$2.380
Owned
Yes
HOLD
HOLD
May 14, 2013

Has owned, purchased more in the last 3 months. She likes this story. Recommends to keep holding if you own if it is a small part of your portfolio.

Has owned, purchased more in the last 3 months. She likes this story. Recommends to keep holding if you own if it is a small part of your portfolio.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$2.380
Owned
Yes
BUY
BUY
April 30, 2013

Have done an admirable job in very difficult conditions. Market cap of about $275 million and are very liquid. Nice dividend of about 4.5%. Have sold off some hybrid rigs and are putting some of the Colombian assets up for sale in order to get back to what they really do best, deep coiled rigs. They are listening carefully to their customers which need extraordinarily specialized equipment to get into very deep complicated wells. (Caution. - Highly specialized and are just into deep coiled rigs in Alberta.)

Have done an admirable job in very difficult conditions. Market cap of about $275 million and are very liquid. Nice dividend of about 4.5%. Have sold off some hybrid rigs and are putting some of the Colombian assets up for sale in order to get back to what they really do best, deep coiled rigs. They are listening carefully to their customers which need extraordinarily specialized equipment to get into very deep complicated wells. (Caution. - Highly specialized and are just into deep coiled rigs in Alberta.)

Martin Davies
Portfolio Manager, Brickburn Asset Management
Price
$2.070
Owned
Unknown
HOLD
HOLD
February 26, 2013

Mostly service rigs, etc. which is more stable than a pure drilling operation. Has been a tough environment for the entire energy services sector in Western Canada. Well-run company. This is a sector that he is currently staying away from. 4.7% yield.

Mostly service rigs, etc. which is more stable than a pure drilling operation. Has been a tough environment for the entire energy services sector in Western Canada. Well-run company. This is a sector that he is currently staying away from. 4.7% yield.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$2.050
Owned
No
BUY
BUY
December 18, 2012

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.

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.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$2.140
Owned
Yes
BUY
BUY
August 29, 2012

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.

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.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$2.260
Owned
Yes
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