|Bid||5.27 x 0|
|Ask||5.39 x 0|
|Day's Range||5.26 - 5.49|
|52 Week Range||4.70 - 7.83|
|Beta (3Y Monthly)||2.23|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||0.48 (8.79%)|
|1y Target Est||7.36|
Ensign Accelerates Expiry of Previously Announced All-Cash Offer to Acquire Trinidad to November 27, 2018
Ensign Energy Services Inc. Announces Early Termination of Hart-Scott-Rodino Waiting Period
Bob Geddes has been the CEO of Ensign Energy Services Inc (TSE:ESI) since 2007. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies Read More...
Moody's Investors Service (Moody's) says Trinidad Drilling Ltd.'s (Trinidad, B2 stable) announcement that it has agreed to merge with Precision Drilling Corporation (Precision, B2 stable) is credit positive. The roughly C$1 billion offer is comprised of about C$550 million of Precision shares and C$477 million of assumed Trinidad balance sheet net debt at June 30, 2018. If the transaction closes as structured, this is a credit positive move for Trinidad because it will expand the international foot print and increase the rig fleet to 348 rigs (excluding 50 rigs held for sale) from 141 rigs (including the JV), which would make Trinidad the one of the largest drillers in the United States and the largest drilling in Canada.
North American drilling contractor Precision Drilling Corp on Friday said it would buy Trinidad Drilling Ltd in a deal valued at C$1.03 billion ($796 million), trumping a hostile bid from rival Ensign Energy Services. "We'll have strong coverage in other U.S. shale plays and in the Permian," said Precision Chief Financial Officer Carey Ford on a call with analysts. Precision expects the deal, which was unanimously approved by Trinidad's board, to save it more than C$30 million per year.
Canada's main stock index fell at open on Friday, as shares of energy companies and the heavyweight financial sector dropped. * At 9:33 a.m. ET , the Toronto Stock Exchange's S&P/TSX composite index was ...
If you’re interested in Ensign Energy Services Inc (TSE:ESI), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stockRead More...
CALGARY , Aug. 30, 2018 /CNW/ - Ensign Energy Services Inc. (ESI.TO) (the "Corporation" and together with its subsidiaries, ("Ensign")) announced today that its wholly-owned subsidiary Ensign Holdings Inc. (the "Offeror") has formally commenced the previously announced offer (the "Offer") to acquire all of the issued and outstanding common shares (the "Common Shares") of Trinidad Drilling Ltd. (" Trinidad ") (TDG.TO). The Offer will remain open until 5:00 p.m. ( Toronto time) on December 14, 2018 unless extended, accelerated or withdrawn by the Offeror in accordance with the terms of the Offer.
Futures at Canada's main stock index rose on Tuesday, tracking gains in global markets as Turkish lira recovered from a two-day rout. September futures on the S&P/TSX index were up 0.38 percent at 7:15 ...
Ensign Energy Services Inc. went hostile with a roughly C$470 million ($358 million) cash bid for Trinidad Drilling Ltd. after objecting to the terms of a confidentiality agreement the rival oilfield-service company wanted it to sign to engage in negotiations. Trinidad’s demand for “a lengthy standstill provision” wasn’t in the best interest of shareholders, Calgary-based Ensign said Monday. Ensign’s bid comes less than two weeks after Trinidad ended a strategic review by saying that the offers it received didn’t fully value the company and that its best alternative was to execute its five-year strategic plan.
Canadian oilfield services provider Ensign Energy Services Inc on Monday made a hostile bid of C$947 million ($720.26 million) for Trinidad Drilling Ltd after its board rejected an earlier buyout offer. Ensign's offer of C$1.68 per Trinidad share represents a premium of 11.3 percent to the company's Friday close. The deal value includes Trinidad's outstanding net debt of C$477 million as of June 30, Ensign said in a statement.
Canadian oilfield services provider Ensign Energy Services Inc said on Monday it plans to buy Trinidad Drilling Ltd in a deal valued at C$947 million including debt. Ensign's offer of C$1.68 per Trinidad ...
CALGARY , Aug. 13, 2018 /CNW/ - Ensign Energy Services Inc. (ESI.TO) ("Ensign" or "We" or "Us" or the "Offeror") announced today that it intends to commence an offer (the "Offer") to acquire, through a wholly-owned subsidiary, all of the issued and outstanding common shares (the "Common Shares") of Trinidad Drilling Ltd. (TDG.TO) ("Trinidad") for $1.68 in cash per Common Share. This represents approximately a 20% premium to the volume weighted average price of the common shares of Trinidad (on the TSX) for the trading days between August 1 through August 10 , after Trinidad announced on August 1, 2018 the end of its strategic review process.
LONDON, UK / ACCESSWIRE / July 26, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Oil & Gas - Drilling industry: Trinidad Drilling, CES Energy Solutions, Ensign Energy Services, and Western Energy Services. Today's stocks of interest consist of: Trinidad Drilling Ltd (TSX: TDG), CES Energy Solutions Corporation (TSX: CEU), Ensign Energy Services Inc. (TSX: ESI), and Western Energy Services Corporation (TSX: WRG). Calgary, Canada headquartered Trinidad Drilling Ltd's stock finished Wednesday's session 1.86% higher at $1.58 with a total volume of 325,114 shares traded.
Given the energy industry’s dependence on commodity prices, the sector tends to be cyclical and profitability can be highly variable. However, after the 50% plunge in oil prices in 2014,Read More...
When Ensign Energy Services Inc (TSX:ESI) released its most recent earnings update (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance ofRead More...
LONDON, UK / ACCESSWIRE / June 13, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Oil & Gas – Drilling industry: Trinidad Drilling, CES Energy Solutions, Ensign Energy Services, and Western Energy Services. Today's stocks of interest consist of: Trinidad Drilling Ltd (TSX: TDG), CES Energy Solutions Corporation (TSX: CEU), Ensign Energy Services Inc. (TSX: ESI), and Western Energy Services Corporation (TSX: WRG). Calgary, Canada headquartered Trinidad Drilling Ltd's stock finished Tuesday's session 1.11% higher at $1.82 with a total volume of 598,334 shares traded.
The energy industry is highly dependent on commodity prices, making its profits and cash flows sensitive to the economic cycle. However, as oil prices recover from lows in 2014, energyRead More...