Ensign Resource Service Group (ESI-T) Stock Predictions - Stockchase
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Ensign Resource Service Group (ESI-T)

ON STOCKCHASE SINCE Oct 2000

2nd largest oil driller

oil/gas

Ensign Resource Service G...

ESI-T

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Ensign Resource Service Group (ESI-T) SAVE Jan, 23, 2019, 3:48 am

5.25 0.19 (3.49%)

About Ensign Resource Service Group (ESI-T)

Ensign Energy Services Inc. is a Canadian company that provides oilfield services for the North American and international market. Founded in 1987, Ensign has its headquarters located in Calgary, Alberta. More at Wikipedia

What the experts are saying about ESI-T



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Signal Opinion Expert
DON'T BUY
The only one he likes in this sector is Secure Energy Services. Companies are trying to figure out their activity levels and this will determine how equipment will move between Canada and the US. This is one he would not be buying right now.
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The only one he likes in this sector is Secure Energy Services. Companies are trying to figure out their activity levels and this will determine how equipment will move between Canada and the US. This is one he would not be buying right now.
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Dennis da Silva

Managing D, Middlefield Capital ...

Price Price
$5.240
Owned Owned
No

DON'T BUY

It has a decent balance sheet but some operations are in difficult places.  It is a high beta stock and will do well when the cycle turns.  The company has some assets that are going to under-perform for some time to come.  There are more attractive names.

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It has a decent balance sheet but some operations are in difficult places.  It is a high beta stock and will do well when the cycle turns.  The company has some assets that are going to under-perform for some time to come.  There are more attractive names.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$5.900
Owned Owned
Unknown

COMMENT

This stock compares to Trinidad Drilling (TDG-T) and both are on his coverage list. He likes what he sees out of Ensign. It has $740 million debt versus $1.7 billion of equity. Their book value is $10.77 and the stock trades at $6. They have a very big presence in the United States. Of $1 billion in 2017 revenue, $459 billion came from the US, $262 from Canada and the rest international. They’re in the Middle East and in Mexico and Venezuela. Venezuela adds some risk to the stock. He is hoping to add coverage on weakness.

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This stock compares to Trinidad Drilling (TDG-T) and both are on his coverage list. He likes what he sees out of Ensign. It has $740 million debt versus $1.7 billion of equity. Their book value is $10.77 and the stock trades at $6. They have a very big presence in the United States. Of $1 billion in 2017 revenue, $459 billion came from the US, $262 from Canada and the rest international. They’re in the Middle East and in Mexico and Venezuela. Venezuela adds some risk to the stock. He is hoping to add coverage on weakness.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$6.110
Owned Owned
Unknown

BUY on WEAKNESS

He likes the company. Book value is $10.77, he thinks the downside is $5. It traded around $14 to $15 in the last bull market for energy, so he sees the potential for a triple, but it is a stock that requires patience. There is potential for a 10 to 15% downside in the Q2 weakness.

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He likes the company. Book value is $10.77, he thinks the downside is $5. It traded around $14 to $15 in the last bull market for energy, so he sees the potential for a triple, but it is a stock that requires patience. There is potential for a 10 to 15% downside in the Q2 weakness.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$5.740
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Jan 6 /17, Down 29.59%)  When you buy cyclical, you need to be prepared when it goes the wrong way. This is still a world class company. They have done a lot of innovation through the years, return on capital has been very consistent for many years, and of course the last few years haven’t been great. The services companies are really tough, they are the first ones to get cut, and then when things starts to get better they are the last ones to go up. Energy didn’t quite have as good a year as they thought and services got left behind.

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(A Top Pick Jan 6 /17, Down 29.59%)  When you buy cyclical, you need to be prepared when it goes the wrong way. This is still a world class company. They have done a lot of innovation through the years, return on capital has been very consistent for many years, and of course the last few years haven’t been great. The services companies are really tough, they are the first ones to get cut, and then when things starts to get better they are the last ones to go up. Energy didn’t quite have as good a year as they thought and services got left behind.

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Matt Kacur

President, FSA Financial Scienc...

Price Price
$6.260
Owned Owned
No

HOLD

The 2nd largest driller in Canada with significant international drilling operations as well. This is a derivative play on the energy sector. Unlike some of the other service companies, it has not performed that well from a stock perspective.

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The 2nd largest driller in Canada with significant international drilling operations as well. This is a derivative play on the energy sector. Unlike some of the other service companies, it has not performed that well from a stock perspective.

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Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$7.240
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Jan 6/17. Down 15%.) Services are more cyclical, and in general will lag the producers. Also, they had a “not so great” quarter, which took the stock down. Overall, he still really likes this. It has been a really great company, and if you get the opportunity to buy it at a cheap price, he would stick with it.

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(A Top Pick Jan 6/17. Down 15%.) Services are more cyclical, and in general will lag the producers. Also, they had a “not so great” quarter, which took the stock down. Overall, he still really likes this. It has been a really great company, and if you get the opportunity to buy it at a cheap price, he would stick with it.

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Matt Kacur

President, FSA Financial Scienc...

Price Price
$8.170
Owned Owned
No

DON'T BUY

The 5-year chart shows this had been going down, and is now stabilizing. The rally that started in 2016 is very gentle, and doesn’t have as much credibility as the big rally selloff in 2014-2015, so he would avoid this.

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The 5-year chart shows this had been going down, and is now stabilizing. The rally that started in 2016 is very gentle, and doesn’t have as much credibility as the big rally selloff in 2014-2015, so he would avoid this.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$7.840
Owned Owned
No

TOP PICK

He considers this a medium risk company. He finds any of the service companies riskier, and have lagged, versus the producers. When you are in the services game, you are the last in line when things are good, and 1st in line when things get bad. They are just starting to get an upswing after the energy prices improved. This is at its all-time low in terms of return on invested capital, but they have a tremendous track record. It is also undervalued. Dividend yield of 5.03%. (Analysts’ price target is $9.81.)

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He considers this a medium risk company. He finds any of the service companies riskier, and have lagged, versus the producers. When you are in the services game, you are the last in line when things are good, and 1st in line when things get bad. They are just starting to get an upswing after the energy prices improved. This is at its all-time low in terms of return on invested capital, but they have a tremendous track record. It is also undervalued. Dividend yield of 5.03%. (Analysts’ price target is $9.81.)

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Matt Kacur

President, FSA Financial Scienc...

Price Price
$9.540
Owned Owned
No

PARTIAL BUY

Energy service companies have come off more so than the oil companies. Their budgets are driven by the oil companies, and also their cost structures seem to be fixed, so when the wind comes out of their sails, they still have the same cost structures. This is now at a pretty good level. You might look to pick away at these companies in the next month or so. This one is a good name and is one of the bigger ones.

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Energy service companies have come off more so than the oil companies. Their budgets are driven by the oil companies, and also their cost structures seem to be fixed, so when the wind comes out of their sails, they still have the same cost structures. This is now at a pretty good level. You might look to pick away at these companies in the next month or so. This one is a good name and is one of the bigger ones.

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Zachary Curry

Chief Oper, Davis-Rea Ltd....

Price Price
$7.610
Owned Owned
No

COMMENT

He prefers something like Vermilion which doesn’t have to cut its dividend. These fracing companies should be able to come out of this situation really beaten up and still really do well, as long as they get through it. The timing is starting to feel right.

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He prefers something like Vermilion which doesn’t have to cut its dividend. These fracing companies should be able to come out of this situation really beaten up and still really do well, as long as they get through it. The timing is starting to feel right.

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$7.190
Owned Owned
No

DON'T BUY

An energy service company, and he is concerned at this point for all energy service companies, and would avoid most of them. The activity you are seeing right now in Canada is quite weak. At one point there were only 11 active rigs in Q1, the lowest level that has ever been seen since they were being measured. Activity in Q2 looks like it is going to be weak as well.

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An energy service company, and he is concerned at this point for all energy service companies, and would avoid most of them. The activity you are seeing right now in Canada is quite weak. At one point there were only 11 active rigs in Q1, the lowest level that has ever been seen since they were being measured. Activity in Q2 looks like it is going to be weak as well.

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Steve Belisle

Senior Por, Manulife Asset Manag...

Price Price
$7.060
Owned Owned
Unknown

SPECULATIVE BUY

Driller.  A little more conservative than PD-T.  If we get a significant bump in commodity prices it would come back.  The sector is too volatile.

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Driller.  A little more conservative than PD-T.  If we get a significant bump in commodity prices it would come back.  The sector is too volatile.

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$9.890
Owned Owned
Unknown

COMMENT

This is not one that he particularly likes. In 2010 they had about $150 million in debt and now it is about $125 million. He wonders why they don’t cut the dividend.

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This is not one that he particularly likes. In 2010 they had about $150 million in debt and now it is about $125 million. He wonders why they don’t cut the dividend.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$11.080
Owned Owned
No

DON'T BUY

Still a little early for the drillers, particularly the fracers where this one is placed. Feels they have a couple of very, very ugly quarters in front of them, and earnings revisions are still coming. He would be more inclined to buy the unlevered producers.

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Still a little early for the drillers, particularly the fracers where this one is placed. Feels they have a couple of very, very ugly quarters in front of them, and earnings revisions are still coming. He would be more inclined to buy the unlevered producers.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$9.520
Owned Owned
Unknown

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