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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
Not a bad company but not his preferred name. Likes companies that are doing directional drilling and doing the highest level of technology.
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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
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.
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%.
Show full opinionHide full opinion
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%.
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).
Show full opinionHide full opinion
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).
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).
Show full opinionHide full opinion
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).
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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
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.
Showing 76 to 90 of 93 entries