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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Essential Energy Services Ltd    ESN   CA29669R1010

ESSENTIAL ENERGY SERVICES LTD

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Essential Energy Services : Announces Executive Management Changes

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02/11/2019 | 05:17pm EST

CALGARY, Alberta, Feb. 11, 2019 (GLOBE NEWSWIRE) -- Essential Energy Services Ltd. (TSX: ESN) (“Essential”) announces the following executive changes effective March 8, 2019:

  • Mr. Allan Mowbray, currently Vice President, Finance and Chief Financial Officer, has resigned from his position effective March 8, 2019 to pursue a new opportunity.
  • Mr. Jeff Newman, currently Senior Vice President, Business Development, will be appointed Vice President, Finance and Chief Financial Officer effective March 8, 2019.

Mr. Mowbray joined Essential in 2013 as the Vice President, Finance and Chief Financial Officer.  Essential thanks him for his many contributions and wishes him well in his new endeavor.

Mr. Newman has been with Essential and a predecessor company since 2007, including the role of Vice President, Finance and Chief Financial Officer from 2008 to 2013. He holds the Chartered Professional Accountant (CPA, CA) designation and the Chartered Business Valuator Designation.

ABOUT ESSENTIAL

Essential provides oilfield services to oil and natural gas producers, primarily in western Canada. Essential offers completion, production and abandonment services to a diverse customer base. Services are offered with coil tubing, fluid and nitrogen pumping and the sale and rental of downhole tools and equipment. Essential offers one of the largest coil tubing fleets in Canada. Further information can be found at www.essentialenergy.ca.

The TSX has neither approved nor disapproved the contents of this news release.

PDF available: http://resource.globenewswire.com/Resource/Download/f1e3e2f6-8e4a-4356-98ed-57ec53497d98

FOR FURTHER INFORMATION, PLEASE CONTACT:

Garnet K. Amundson
President and CEO  
Phone:  (403) 513-7272
service@essentialenergy.ca

Karen Perasalo
Investor Relations
Phone:  (403) 513-7272
service@essentialenergy.ca

Essential Energy logo RGB.jpg

Source: Essential Energy Services Ltd.

2019 GlobeNewswire, Inc., source Press Releases

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Financials (CAD)
Sales 2018 190 M
EBIT 2018 -
Net income 2018 4,80 M
Debt 2018 10,8 M
Yield 2018 -
P/E ratio 2018 7,04
P/E ratio 2019 7,04
EV / Sales 2018 0,28x
EV / Sales 2019 0,29x
Capitalization 43,3 M
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 0,67  CAD
Spread / Average Target 120%
EPS Revisions
Managers
NameTitle
Garnet K. Amundson President, Chief Executive Officer & Director
James Alexander Banister Chairman
Allan G. Mowbray Chief Financial Officer & Vice President-Finance
Michael James Black Non-Independent Director
Nicholas G. Kirton Independent Director
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