Eldon Culshaw - Ensign Energy Senior Operations

ESI Stock  CAD 3.06  0.06  1.92%   

Executive

Eldon Culshaw is Senior Operations of Ensign Energy Services
Address 400 ? 5th Avenue S.W., Calgary, AB, Canada, T2P 0L6
Phone403 262 1361
Webhttps://www.ensignenergy.com

Ensign Energy Management Efficiency

The company has return on total asset (ROA) of 0.0261 % which means that it generated a profit of $0.0261 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0241 %, meaning that it generated $0.0241 on every $100 dollars invested by stockholders. Ensign Energy's management efficiency ratios could be used to measure how well Ensign Energy manages its routine affairs as well as how well it operates its assets and liabilities. As of the 26th of November 2024, Return On Tangible Assets is likely to drop to 0.01. In addition to that, Return On Capital Employed is likely to drop to 0.07. At this time, Ensign Energy's Other Current Assets are very stable compared to the past year. As of the 26th of November 2024, Net Tangible Assets is likely to grow to about 1.3 B, while Total Assets are likely to drop about 2.1 B.
Ensign Energy Services has accumulated 1.23 B in total debt with debt to equity ratio (D/E) of 1.06, which is about average as compared to similar companies. Ensign Energy Services has a current ratio of 1.42, which is within standard range for the sector. Debt can assist Ensign Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Ensign Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ensign Energy Services sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ensign to invest in growth at high rates of return. When we think about Ensign Energy's use of debt, we should always consider it together with cash and equity.

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Ensign Energy Services Inc., together with its subsidiaries, provides oilfield services to the oil and natural gas industry in Canada, the United States, and internationally. Ensign Energy Services Inc. was founded in 1987 and is headquartered in Calgary, Canada. ENSIGN ENERGY operates under Oil Gas Drilling classification in Canada and is traded on Toronto Stock Exchange. It employs 5155 people. Ensign Energy Services (ESI) is traded on Toronto Exchange in Canada and employs 24 people. Ensign Energy is listed under Energy Equipment & Services category by Fama And French industry classification.

Management Performance

Ensign Energy Services Leadership Team

Elected by the shareholders, the Ensign Energy's board of directors comprises two types of representatives: Ensign Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ensign. The board's role is to monitor Ensign Energy's management team and ensure that shareholders' interests are well served. Ensign Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ensign Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Nicole Romanow, Head Relations
Barth Whitham, Independent Director
Thomas Connors, Executive Vice President Canadian,International East Operations
Suzanne Davies, VP Sec
John Schroeder, Independent Director
Cathy Robinson, Vice Resources
Cary Moomjian, Independent Director
Wayne Kipp, Senior Engineering
Gene Gaz, VP East
Gail Surkan, Independent Director
Michael Nuss, Executive Vice President United States and Latin American Operations
Brent Conway, Executive Vice President
Norman Edwards, Non-Independent Chairman of the Board
Eldon Culshaw, Senior Operations
Ahmed Iqbal, VP Controller
Robert PEng, COO President
James Howe, Independent Director
Bob Zanusso, VP Drilling
Len Kangas, Lead Independent Director
Justin Louie, Corporate Counsel
Cathy Robinsons, VP HR
Michael Gray, Chief Financial Officer
Gary Casswell, Independent Director
Robert Geddes, President, Chief Operating Officer, Director

Ensign Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Ensign Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Ensign Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ensign Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ensign Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ensign Stock

  0.85ENB-PFV Enbridge Pref 5PairCorr
  0.9ENS E Split CorpPairCorr
  0.78ENS-PA E Split CorpPairCorr

Moving against Ensign Stock

  0.86SLF-PH Sun Lif NonPairCorr
  0.83TC Tucows IncPairCorr
  0.81DII-B Dorel IndustriesPairCorr
  0.37AIM Aimia IncPairCorr
The ability to find closely correlated positions to Ensign Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ensign Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ensign Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ensign Energy Services to buy it.
The correlation of Ensign Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ensign Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ensign Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ensign Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Ensign Stock

Ensign Energy financial ratios help investors to determine whether Ensign Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ensign with respect to the benefits of owning Ensign Energy security.