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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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

DON'T BUY

Well driller.  Basins in North America drive their business.  They live off most of the 2015 capital expenditure budgets that are now being drafted.  Contract drillers are swingier when it comes to sensitivity to capital expenditure swings.  That is why the stock is trading so low.  The balance sheet is another concern.

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Well driller.  Basins in North America drive their business.  They live off most of the 2015 capital expenditure budgets that are now being drafted.  Contract drillers are swingier when it comes to sensitivity to capital expenditure swings.  That is why the stock is trading so low.  The balance sheet is another concern.

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Martin Davies

Portfolio , Brickburn Asset Mana...

Price Price
$11.320
Owned Owned
Unknown

WEAK BUY

Overall, this name is fine, but is very sceptical about land drilling in Canada given what has happened. We are still infrastructurally charged. Gas lines certainly seem to be something that is happening, but oil pipelines are more problematic. Drilling in Canada has definitely slowed over the last 2-3 years. If you want to “trade” the name, seeing that there is some seasonality in gas, that would be fine, but he wouldn’t make it as a long-term hold.

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Overall, this name is fine, but is very sceptical about land drilling in Canada given what has happened. We are still infrastructurally charged. Gas lines certainly seem to be something that is happening, but oil pipelines are more problematic. Drilling in Canada has definitely slowed over the last 2-3 years. If you want to “trade” the name, seeing that there is some seasonality in gas, that would be fine, but he wouldn’t make it as a long-term hold.

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John Stephenson

President , Stephenson & Company...

Price Price
$12.280
Owned Owned
Unknown

WEAK BUY

A more conservatively managed driller.  Does not own one in this sector, but if he did it would be this one.  A tough sector to own for the long haul.  He owns SCL-T in this space.

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A more conservatively managed driller.  Does not own one in this sector, but if he did it would be this one.  A tough sector to own for the long haul.  He owns SCL-T in this space.

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$14.470
Owned Owned
No

COMMENT

Oil/gas service. He favours some of the other names. It ranks 277, so it is in the top 3rd of his database. 17X PE. Earnings are virtually flat for 2014 versus 2013, but are expected to snap back to 38% earnings growth in 2015. Assuming they can deliver the numbers in the coming year, he thinks there will be an improvement in his Quant ranks.

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Oil/gas service. He favours some of the other names. It ranks 277, so it is in the top 3rd of his database. 17X PE. Earnings are virtually flat for 2014 versus 2013, but are expected to snap back to 38% earnings growth in 2015. Assuming they can deliver the numbers in the coming year, he thinks there will be an improvement in his Quant ranks.

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Robert McWhirte

President, Selective Asset Mana...

Price Price
$16.310
Owned Owned
Unknown

HOLD

Ensign Energy is a solid company. She used to own but moved into riskier drillers (Precision as it offered a dividend).Should be fine to hold if you own.

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Ensign Energy is a solid company. She used to own but moved into riskier drillers (Precision as it offered a dividend).Should be fine to hold if you own.

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Joanne A. Hrusk

Market Str, Integral Wealth Secu...

Price Price
$16.200
Owned Owned
No

BUY

Top 10% of his database.  Thinks there are still very good technical analysis pictures in the space.  Earnings estimate are down in the group and are bottoming.  This one ranks quite well, so is a candidate for purchase.

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Top 10% of his database.  Thinks there are still very good technical analysis pictures in the space.  Earnings estimate are down in the group and are bottoming.  This one ranks quite well, so is a candidate for purchase.

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Robert McWhirte

President, Selective Asset Mana...

Price Price
$15.410
Owned Owned
No

COMMENT
There will be a time to look at drilling companies in a few months. The whole sector has come off tremendously. Doesn't expect there will be much of a return in this name for a while.
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There will be a time to look at drilling companies in a few months. The whole sector has come off tremendously. Doesn't expect there will be much of a return in this name for a while.
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John Stephenson

President , Stephenson & Company...

Price Price
$13.760
Owned Owned
Unknown

WAIT
There are headwinds about cuts to Cap X. Missed consensus on profits even though revenues where there. Prefers PD
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There are headwinds about cuts to Cap X. Missed consensus on profits even though revenues where there. Prefers PD
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$16.760
Owned Owned
Unknown

TOP PICK
Paying a bit of a dividend, in an uptrend. You can hold it for a long time. Pick it up at $19. Fundamentals are pretty good as well.
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Paying a bit of a dividend, in an uptrend. You can hold it for a long time. Pick it up at $19. Fundamentals are pretty good as well.
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$18.300
Owned Owned
No

BUY
Whole sector is in a huge bull market. Just hang on to it, you are going to make a lot of money.
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Whole sector is in a huge bull market. Just hang on to it, you are going to make a lot of money.
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Derek Webb, CFA

Chairman, , Webb Asset Managemen...

Price Price
$17.860
Owned Owned
Unknown

BUY
Drillers have had a nice move but it’s mostly in the pressure pumpers such as Calfrac (CFW-T) and Trican (TCW-T). This one and a few of the others have lagged a little and will start to play some catch-up. US drillers are starting to do better.
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Drillers have had a nice move but it’s mostly in the pressure pumpers such as Calfrac (CFW-T) and Trican (TCW-T). This one and a few of the others have lagged a little and will start to play some catch-up. US drillers are starting to do better.
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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$15.230
Owned Owned
No

HOLD
He detected what could be a turn. We have passed the worst part. It will have a positive impact on drilling. The stocks are just starting to react to that. He is thinking of adding to oil drilling stocks at this point.
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He detected what could be a turn. We have passed the worst part. It will have a positive impact on drilling. The stocks are just starting to react to that. He is thinking of adding to oil drilling stocks at this point.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$13.000
Owned Owned
Unknown

DON'T BUY
Had a poor spring. Earnings seemed to be coming along. They are more active in the US. Thinks the royalty increase in Alberta hurt them. Still sitting with a lot of rigs on the shelf.
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Had a poor spring. Earnings seemed to be coming along. They are more active in the US. Thinks the royalty increase in Alberta hurt them. Still sitting with a lot of rigs on the shelf.
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$21.030
Owned Owned
Unknown

HOLD
The biggest issue with the services sector right now is that they have had a very good run off a very low base. The time to look at them is in the late fall period just before they get into the drilling season.
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The biggest issue with the services sector right now is that they have had a very good run off a very low base. The time to look at them is in the late fall period just before they get into the drilling season.
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John Stephenson

President , Stephenson & Company...

Price Price
$23.660
Owned Owned
No

PAST TOP PICK
Calfrac Well Services (CFW-T), Precision Drilling (PD.UN-T), Ensign Resource (ESI-T). Involved in fracturing, an expensive exploration/production service, which basically fractures rocks to release petrochemicals. With higher natural gas, companies are starting to use this service. Bullish on natural gas. These companies can be very cyclical and will fall off the table when energy prices weaken.
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Calfrac Well Services (CFW-T), Precision Drilling (PD.UN-T), Ensign Resource (ESI-T). Involved in fracturing, an expensive exploration/production service, which basically fractures rocks to release petrochemicals. With higher natural gas, companies are starting to use this service. Bullish on natural gas. These companies can be very cyclical and will fall off the table when energy prices weaken.
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David Baskin

President, Baskin Wealth Manage...

Price Price
$21.450
Owned Owned
Unknown

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