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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (85195)	11/16/2020 2:21:17 PM
From: Goose94	Read Replies (3) \| Respond to of 202691

Ensign Energy Services (ESI-T) revisited 2.0 top pick from Teal Linde on BNN.ca Market Call Mon Nov 16th @ 1200ET Calgary-based Ensign is a leading oil driller. For 2020, 80 per cent of its revenues are expected to come from U.S. and International market with less exposure to the struggling Canadian oil and gas industry. The company’s shareholder equity is $1.4 billion and its market cap is $85 million, meaning it trades at 6.5 per cent of its book value not including intangible assets. The stock was trading at $2.50 in January, before the oil price crashed. Insiders were actively buying below 50 cents including CEO and CFO Murray Edwards, who owns 20 per cent of Ensign. Ensign has a large $1.5 billion debt load and is expected to breach covenants, but the company has been generating positive cash flow through 2020 and is expected to manage through the challenging market with lender support.