Ensign reported 2Q16 revenue of $176 mm and EBITDAS of $31 mm, both of which were in line with our estimates. The Company has announced Mr. Michael Gray will become CFO in 4Q16e, replacing Mr. Timothy Lemke. Mr. Gray joined Ensign in early 2015 as Corporate Controller after several years at CanElson Drilling Inc. The Company is continually reevaluating retrofits and new rig build opportunities. Ensign anticipates putting two new upgraded U.S. rigs into the field during 3Q16e or 4Q16e. Ensign

10 Aug 2016
Reports In Line 2Q16

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Reports In Line 2Q16
Ensign Energy Services Inc. (ESI:TSE) | 0 0 (-1.6%) | Mkt Cap: 1,063m
- Published:
10 Aug 2016 -
Author:
Ian B. Gillies -
Pages:
6 -
Ensign reported 2Q16 revenue of $176 mm and EBITDAS of $31 mm, both of which were in line with our estimates. The Company has announced Mr. Michael Gray will become CFO in 4Q16e, replacing Mr. Timothy Lemke. Mr. Gray joined Ensign in early 2015 as Corporate Controller after several years at CanElson Drilling Inc. The Company is continually reevaluating retrofits and new rig build opportunities. Ensign anticipates putting two new upgraded U.S. rigs into the field during 3Q16e or 4Q16e. Ensign