Essential Energy Services: Too Cheap To Ignore

Introduction Essential Energy Services Ltd. (OTCPK:EEYUF) already looked cheap before their Q1 results were posted, and afterwards, the market seemed to very briefly take the company seriously by bringing the shares up to the mid $0.70s. However, after this, it appears that the market has completely forgotten about their fantastic quarter and dragged it down with their peers as oil continued to fall. Essential brought in more than $10 million in EBITDA this quarter and even made a small profit. There seems to be more demand for their services, rates are increasing, and the company has only $18.2 million in debt ($17.9 million as of the time of Q1 being released).

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