Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Essential Energy Services Announces Patent Litigation Win and Its 2020 Capital Budget

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CALGARY, Alberta, Dec. 19, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) announces its patent litigation win and its 2020 capital budget.

PATENT LITIGATION WIN
Supreme Court Ruling
On December 19, 2019, the Supreme Court of Canada (the “Supreme Court”) ruled that it will not grant leave to hear an appeal by Packers Plus Energy Services Inc. (“Packers Plus”) of the Federal Court’s judgment in a patent infringement action against Essential. As a result, Packers Plus has no further avenues of recourse against Essential in respect of its patent. “This is fantastic news for … Continue Reading

Essential Energy Services Announces Third Quarter Financial Results

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CALGARY, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) announces third quarter results.

SELECTED INFORMATION  (in thousands of dollars except per share, For the three months ended
September 30,   For the nine months ended
September 30,   percentages, hours and fleet data)   2019     2018     2019     2018                     Revenue $ 39,278   $ 50,636   $ 113,810   $ 148,708                     Gross margin(i)   8,873     10,112     23,039     27,420   Gross margin %   23%     20%     20%     18%                     EBITDAS(1)(i)   6,294     7,047     15,246     18,029                     Net income(i)   1,555     2,228     1,605     4,876   Per share – basic and diluted   0.01     0.02     0.01     0.03                     Operating hours                 Coil… Continue Reading

Essential Energy Services 2019 Third Quarter Financial Results Conference Call and Webcast Details

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CALGARY, Alberta, Oct. 29, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential”) intends to release its 2019 third quarter financial results on November 6, 2019 and has scheduled a conference call and webcast at 10:00 am MT (12:00 pm ET) on November 7, 2019.

The conference call dial in numbers are 416-340-2217 or 800-806-5484, passcode 8806189.

An archived recording of the conference call will be available approximately one hour after completion of the call until November 21, 2019 by dialing 905-694-9451 or 800-408-3053, passcode 1529277.

A live webcast of the conference call will be accessible on Essential’s … Continue Reading

Essential Energy Services Announces Second Quarter Financial Results

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CALGARY, Alberta, Aug. 07, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) announces second quarter results.

SELECTED INFORMATION (in thousands of dollars except per share, For the three months ended
June 30, For the six months ended
June 30, percentages, hours and fleet data)   2019     2018     2019     2018                     Revenue $ 27,086   $ 37,938   $ 74,532   $ 98,072                     Gross margin(i)   3,607     4,838     14,166     17,308   Gross margin %   13 %   13 %   19 %   18 %                   EBITDAS(1)(i)   1,408     1,837     8,952     10,982                     Net (loss) income(i)   (1,357 )   (2,405 )   50     2,648   Per share – basic and diluted  … Continue Reading

Essential Energy Services 2019 Second Quarter Financial Results Conference Call and Webcast Details

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CALGARY, Alberta, July 24, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential”) intends to release its 2019 second quarter financial results on August 7, 2019 and has scheduled a conference call and webcast at 10:00 am MT (12:00 pm ET) on August 8, 2019.

The conference call dial in numbers are 416-340-2217 or 800-806-5484, passcode 9948568.

An archived recording of the conference call will be available approximately one hour after completion of the call until August 22, 2019 by dialing 905-694-9451 or 800-408-3053, passcode 2013985.

A live webcast of the conference call will be accessible on Essential’s … Continue Reading

Essential Energy Services Provides a Patent Litigation Update

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CALGARY, Alberta, June 25, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) provides an update with regards to the patent litigation.

As previously disclosed, on April 25, 2019, the Federal Court of Appeal released its decision (the “Appeal Decision”) dismissing the appeal filed by Packers Plus Energy Services Inc. (“Packers Plus”) in January 2018. On June 24, 2019, Packers Plus filed an application seeking leave from the Supreme Court of Canada (the “Supreme Court”) to hear an appeal of the Appeal Decision. Filing an application for leave to appeal to the Supreme Court does … Continue Reading

Essential Energy Services Announces Election of Board of Directors

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CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential”) announced that at its annual general and special meeting of shareholders on May 9, 2019 each of the six nominees proposed as directors and listed in the information circular (“Circular”) dated March 6, 2019 were elected as directors.  Detailed results of the vote are set out below.… Continue Reading

Essential Energy Services 2018 Fourth Quarter and Year End Financial Results Conference Call and Webcast Details

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CALGARY, Alberta, Feb. 20, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential”) intends to release its 2018 fourth quarter and year-end financial results on March 6, 2019 and has scheduled a conference call and webcast at 10:00 am MT (12:00 pm ET) on March 7, 2019.… Continue Reading