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Ensign Energy Services

Buy Ensign Energy Service stocks

ENSIGN ENERGY SERVICES (ESI) Stocks

ABOUT ENSIGN ENERGY SERVICES

Ensign Energy Services Inc. is a Canadian company that provides oilfield services for the North American and international market. It is one of the largest drillers in Canada. It headquarters in Calgary, Alberta and employs approximately 8 500 people.

Founded in 1987 as Ensign Resource Service Group, it changed its name in 2005 to Ensign Energy Services Inc. In 2015–2016, it experienced significant losses of US Dollar 104 million and US Dollar 150 million. In the 2009 to 2016 period, it closed down 200 rigs.

In 2018, Ensign made a CUS Dollar 470 million hostile takeover offer for Trinidad Drilling.

Ensign Energy Services Inc.’s primary business is providing drilling services for customers in the oil and gas sector. By the end of 2015, it owned 222 rigs, 83 in Canada, 89 in the United States, and the rest elsewhere.

OVERVIEW OF ENSIGN ENERGY SERVICES

  • Ensign Energy Services Inc. is involved in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally.
  • The company’s oilfield services include drilling and well servicing, directional services, oil sands coring, equipment rentals, underbalanced and managed pressure drilling, wireline services and production testing/fracturing fluid services.
  • Its Canadian operations span over British Columbia, Alberta, Saskatchewan and Manitoba and include the Northwest Territories and the Yukon. In the United States, it operates in the Rocky Mountain and southern regions, as well as the states of California, New Mexico, Nevada, South and North Dakota, Pennsylvania, Nebraska and Michigan. Internationally, it operates in Argentina, Venezuela, Australia, Libya, Kurdistan and Oman. The Company owns a fleet approximately 220 land drilling rigs across the world.

VISION AND VALUES OF ENSIGN ENERGY SERVICES

  • Ensign Energy Services Inc.’s aim is to be a sustainable company that will benefit its shareholders, customers, employees and the communities in which it operates. The company’s vision is to grow through collaborative learning, exploring the potential of its people and technology, and creating excellence.

  • Its mission is to strive for global excellence in providing services to the energy industry worldwide. To capitalize on strategic and opportunistic possibilities and provide services that are attractive and fair to its customers and earn their loyalty while also providing value to shareholders.

  • It strives to create a workplace that protects worker health and safety with due respect for the environment. The company’s core values are integrity, teamwork and learning.

  • Shareholders who purchase company shares can rest assured of superior value.

MARKET PERFORMANCE OF ENSIGN ENERGY SERVICES

  • Ensign Energy Service Inc. trades on Toronto Stock Securities Exchange (TSX) and lists under the stock symbol ESI. The company forms part of the TSX 500.

  • For the nine months ended September 30, 2019, the company reports revenue US Dollar 1,216.5 million, an increase of 50%. Net loss attributable to shareholders is US Dollar 91.3 million (US Dollar 0.58 per common share). Adjusted EBITDA totals US Dollar 312.9 million (US Dollar 1.97 per common share), 80% higher.

  • The increase in Adjusted EBITDA attributes to higher activity levels in the current period, effective cost control in operations, and the realization of synergies, largely resulting from the Trinidad Acquisition.

  • The Board declares a fourth quarter dividend of US Dollar 0.06 per common share to be payable on January 3, 2022.

Buy ENSIGN ENERGY SERVICES stocks / shares – A Step by Step Guide how to Buy / Purchase ENSIGN ENERGY SERVICES Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy ENSIGN ENERGY SERVICES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN ENSIGN ENERGY SERVICES STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE ENSIGN ENERGY SERVICES STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of ENSIGN ENERGY SERVICES stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy ENSIGN ENERGY SERVICES stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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