Glenn Dagenais - Ensign Energy CFO and Executive VP of Fin.

ESVIF Stock  USD 1.78  0.05  2.73%   

CFO

Mr. Glenn O.J. Dagenais is Chief Financial Officer Executive Vice President Finance of Ensign Energy Services Inc. since 2003.
Tenure 21 years
Phone403 262 1361
Webhttps://www.ensignenergy.com

Ensign Energy Management Efficiency

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.
The company has accumulated 1.45 B in total debt with debt to equity ratio (D/E) of 1.16, which is about average as compared to similar companies. Ensign Energy Services has a current ratio of 1.39, 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 crude oil and natural gas industries in Canada, the United States, and internationally. The company was incorporated in 1987 and is headquartered in Calgary, Canada. Ensign Energy operates under Oil Gas Drilling classification in the United States and is traded on OTC Exchange. It employs 4160 people. Ensign Energy Services [ESVIF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

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
Kenneth Skirka, Independent Director
Barth Whitham, Independent Director
Thomas Connors, Executive Vice President Canadian,International East Operations
Suzanne Davies, VP Sec
John Schroeder, Independent Director
Edward Kautz, President of U.S. Operations
Cary Moomjian, Director
Timothy Lemke, CFO, Vice President - Finance
Wayne Kipp, VP Engineering
Gene Gaz, VP East
Gail Surkan, Independent Director
Michael Nuss, Executive Vice President United States and Latin American Operations
Glenn Dagenais, CFO and Executive VP of Fin.
Brent Conway, Executive Vice President
Norman Edwards, Non-Independent Chairman of the Board
James Howe, Independent Director
Selby Porter, Non-Independent Vice Chairman of the Board
Bob Zanusso, VP Drilling
Len Kangas, Lead Independent Director
Cathy Robinsons, VP HR
Michael Gray, Chief Officer
Gary Casswell, Director
Robert Geddes, President, COO and Non-Independent Director

Ensign Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet 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 against Ensign Pink Sheet

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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
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ensign Energy Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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When running Ensign Energy's price analysis, check to measure Ensign Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ensign Energy is operating at the current time. Most of Ensign Energy's value examination focuses on studying past and present price action to predict the probability of Ensign Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ensign Energy's price. Additionally, you may evaluate how the addition of Ensign Energy to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ensign Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ensign Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ensign Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.