Ensign Resource Service Group

ESI-T

TSE:ESI

1.03
0.01 (0.96%)
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.
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Analysis and Opinions about ESI-T

Signal
Opinion
Expert
PARTIAL BUY
PARTIAL BUY
August 23, 2016

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.

COMMENT
COMMENT
July 27, 2016

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.

DON'T BUY
DON'T BUY
May 18, 2016

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.

SPECULATIVE BUY
SPECULATIVE BUY
August 17, 2015

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.

COMMENT
COMMENT
May 7, 2015

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.

DON'T BUY
DON'T BUY
March 9, 2015

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.

DON'T BUY
DON'T BUY
November 27, 2014

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.

WEAK BUY
WEAK BUY
November 25, 2014

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.

WEAK BUY
WEAK BUY
October 2, 2014

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.

COMMENT
COMMENT
August 29, 2014

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.

HOLD
HOLD
May 14, 2013

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.

BUY
BUY
August 21, 2012

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.

COMMENT
COMMENT
April 10, 2012
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.
WAIT
WAIT
March 19, 2012
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
TOP PICK
TOP PICK
June 7, 2011
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.
Showing 16 to 30 of 163 entries