Essential Energy Services Ltd.

ESN-T

Analysis and Opinions about ESN-T

Signal
Opinion
Expert
WAIT
WAIT
April 6, 2011
Likes the company. Branching out into Colombia and moved a number of its service vehicles down. Just announced a merger with Technicoil Corp and will be the surviving company and operator. This will be accretive to their earnings. You are in a period now where you have arbitrage and people that owned Technicoil will be selling and the stock will go nowhere for a little while. This is also the shoulder season when drilling tapers off.
Likes the company. Branching out into Colombia and moved a number of its service vehicles down. Just announced a merger with Technicoil Corp and will be the surviving company and operator. This will be accretive to their earnings. You are in a period now where you have arbitrage and people that owned Technicoil will be selling and the stock will go nowhere for a little while. This is also the shoulder season when drilling tapers off.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$2.150
Owned
Yes
TOP PICK
TOP PICK
December 29, 2010
Energy Services that has gone from being 80% gas oriented to 80% oil. Expanded from being just Alberta to BC and Sask as well. Just set up an operation in Colombia, where there is big demand and a lack of equipment. Clean balance sheet and no debt.
Energy Services that has gone from being 80% gas oriented to 80% oil. Expanded from being just Alberta to BC and Sask as well. Just set up an operation in Colombia, where there is big demand and a lack of equipment. Clean balance sheet and no debt.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$2.120
Owned
Yes
COMMENT
COMMENT
December 6, 2010
Not a bad company but not his preferred name. Likes companies that are doing directional drilling and doing the highest level of technology.
Not a bad company but not his preferred name. Likes companies that are doing directional drilling and doing the highest level of technology.
Jason Donville
President & CEO, Donville Kent Asset Management
Price
$1.920
Owned
No
TOP PICK
TOP PICK
October 6, 2010
Oil/gas services company. Clean balance sheet. Has been making and will continue to make small acquisitions. Focuses about 80% oil. Beginning operations in Colombia, which is a good market for oil exploration.
Oil/gas services company. Clean balance sheet. Has been making and will continue to make small acquisitions. Focuses about 80% oil. Beginning operations in Colombia, which is a good market for oil exploration.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$1.690
Owned
Yes
TOP PICK
TOP PICK
September 13, 2010
Believes there is a lot of opportunity in the mid-cap oil services side. A lot of them are increasing their revenue year-over-year. Q2 revenues were almost double Q2 2009 revenues. No debt. Stock is not started to move yet.
Believes there is a lot of opportunity in the mid-cap oil services side. A lot of them are increasing their revenue year-over-year. Q2 revenues were almost double Q2 2009 revenues. No debt. Stock is not started to move yet.
Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$1.420
Owned
Yes
BUY
BUY
September 7, 2010
It used to be just oil and now it is oil and gas. It used to be just Alberta and now it is Saskatchewan and BC. Severely undervalued. No debt. The market isn’t rewarding it yet.
It used to be just oil and now it is oil and gas. It used to be just Alberta and now it is Saskatchewan and BC. Severely undervalued. No debt. The market isn’t rewarding it yet.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$1.230
Owned
Yes
TOP PICK
TOP PICK
July 9, 2010
Natural gas service company, based in Alberta. Natural gas price has come back some and they are reducing the royalties next year so it should start seeing the benefit of increased drilling over the next year. No debt. Talking about expanding into Colombia with some of their customers.
Natural gas service company, based in Alberta. Natural gas price has come back some and they are reducing the royalties next year so it should start seeing the benefit of increased drilling over the next year. No debt. Talking about expanding into Colombia with some of their customers.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$1.140
Owned
Yes
BUY
BUY
March 9, 2010
Alberta-based oil and gas services company. It’s a trust on the way to become a corporation. Eliminated its dividend. They will be a logical buyer when assets become available. Double in the next year or so.
Alberta-based oil and gas services company. It’s a trust on the way to become a corporation. Eliminated its dividend. They will be a logical buyer when assets become available. Double in the next year or so.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$1.290
Owned
Yes
BUY
BUY
January 27, 2009
Oil service company. Excellent balance sheet. Long-term, a great company. Near-term, earnings are not going to be what they wear because of reduced drilling. At some point it could reduce or eliminate its payout. They would then use the cash flow to make good acquisitions at bargain prices.
Oil service company. Excellent balance sheet. Long-term, a great company. Near-term, earnings are not going to be what they wear because of reduced drilling. At some point it could reduce or eliminate its payout. They would then use the cash flow to make good acquisitions at bargain prices.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$1.190
Owned
Yes
TOP PICK
TOP PICK
December 30, 2008
Oil/gas service Company in Western Canada. Selling for less than half of book value. Quite profitable. Clean balance sheet. Wouldn't be surprised if the company cut or eliminated its distribution to make acquisitions of the competition.
Oil/gas service Company in Western Canada. Selling for less than half of book value. Quite profitable. Clean balance sheet. Wouldn't be surprised if the company cut or eliminated its distribution to make acquisitions of the competition.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$0.940
Owned
Yes
TOP PICK
TOP PICK
September 24, 2008
This was a merger of Essential Energy and Builders Energy. On July 2 they sold their transport division, which allowed them to pay down all of their debt. Specialize in well completions but do not do the drilling. Stock sells for way below book value. Earnings are going up. Cut back their payout so distributions will be sustainable when they are not a trust. Yields about 10%.
This was a merger of Essential Energy and Builders Energy. On July 2 they sold their transport division, which allowed them to pay down all of their debt. Specialize in well completions but do not do the drilling. Stock sells for way below book value. Earnings are going up. Cut back their payout so distributions will be sustainable when they are not a trust. Yields about 10%.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$1.830
Owned
Yes
COMMENT
COMMENT
September 19, 2008
Collection of different energy service companies. Sold their trucking division this summer. Rest of their assets includes some drilling rigs and rental equipment. Prefers other names in this sector such as Cathedral Energy Services (CET.UN-T).
Collection of different energy service companies. Sold their trucking division this summer. Rest of their assets includes some drilling rigs and rental equipment. Prefers other names in this sector such as Cathedral Energy Services (CET.UN-T).
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$1.560
Owned
No
DON'T BUY
DON'T BUY
August 13, 2008
Because of their balance sheet, they were forced to sell their trucking division so they are now a much smaller oil/gas service company. Would prefer something like Cathedral Energy Services (CET.UN-T).
Because of their balance sheet, they were forced to sell their trucking division so they are now a much smaller oil/gas service company. Would prefer something like Cathedral Energy Services (CET.UN-T).
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$2.290
Owned
No
DON'T BUY
DON'T BUY
January 21, 2008
Not a fan of oil/gas services today. Have now moved to and on-cash distribution, but at the end of the day there is still a tremendous amount of pressure. Cost of capital is quite high and with low gas prices, there are still not robust enough cost structures for gas producers. Could be a potential distribution cut.
Not a fan of oil/gas services today. Have now moved to and on-cash distribution, but at the end of the day there is still a tremendous amount of pressure. Cost of capital is quite high and with low gas prices, there are still not robust enough cost structures for gas producers. Could be a potential distribution cut.
Ben Cheng
President and Chief Investment Officer, Aston Hill Financial Ltd.
Price
$2.880
Owned
Unknown
BUY
BUY
February 5, 2007
This is an “after drilling” services. Convinced the distribution is going to be maintained. Distribution is $1 and they are only paying 65% of EBITDA. A bit of an orphan.
This is an “after drilling” services. Convinced the distribution is going to be maintained. Distribution is $1 and they are only paying 65% of EBITDA. A bit of an orphan.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$5.160
Owned
Yes
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