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Varcoe: A $10B turnaround — after tough 2020, biggest oil and gas producers generate more than $3B in earnings

Article content The Canadian oilpatch is crafting a compelling comeback story in 2021 â with more than $3 billion in profits generated by six of the largest petroleum producers in the first quarter â but the tale also highlights a split in industry fortunes. Over the past two weeks, oil and natural gas producers have rolled out higher first-quarter profits, surging cash flow levels and ramped up efforts to pay down debt, while Canadaâs drillers are waiting for a full recovery to arrive. We apologize, but this video has failed to load. Try refreshing your browser, or Varcoe: A $10B turnaround â after tough 2020, biggest oil and gas producers generate more than $3B in earnings Back to video

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Ensign Energy Services reports $43 6-million first-quarter loss, revenue down 43% from year ago

Ensign Energy Services reports $43 6-million first-quarter loss, revenue down 43% from year ago
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Ensign energy services incEnsign energy servicesஎன்சைன் ஆற்றல் சேவைகள் இன்க்என்சைன் ஆற்றல் சேவைகள்

Energy Energy Services reports $43 6M Q1 loss, revenue down 43 per cent from year ago

Energy Energy Services reports $43.6M Q1 loss, revenue down 43 per cent from year ago by The Canadian Press Last Updated May 10, 2021 at 7:58 am EDT CALGARY Ensign Energy Services Inc. reported a loss attributable to common shareholders of $43.6 million in its latest quarter as its revenue fell 43 per cent compared with a year ago. The drilling and well servicing company says the loss amounted to 27 cents per diluted share for the quarter ended March 31, compared with a loss attributable to common shareholders of $29.3 million or 18 cents per diluted share a year earlier. Revenue for the quarter totalled $218.5 million, down from $383.9 million in the first three months of 2020.

Ensign energy services incEnsign energy servicesCanadian pressஎன்சைன் ஆற்றல் சேவைகள் இன்க்என்சைன் ஆற்றல் சேவைகள்கனடியன் ப்ரெஸ்

Ensign Energy Services reports $43 6M Q1 loss

Winnipeg Free Press By: Dan Healing, The Canadian Press Posted: Last Modified: 12:46 PM CDT Monday, May. 10, 2021 Save to Read Later CALGARY - The president of drilling contractor Ensign Energy Services Inc. blames the federal government s dismal COVID-19 vaccine distribution plan in part for a poor recovery in its activity in Canada compared with its operations in the United States. The Ensign Energy Services Inc. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, Ensign Energy Services Inc. MANDATORY CREDIT CALGARY - The president of drilling contractor Ensign Energy Services Inc. blames the federal government s dismal COVID-19 vaccine distribution plan in part for a poor recovery in its activity in Canada compared with its operations in the United States.

Ensign energy services incEnsign energy servicesEnergy servicesCanadian pressஎன்சைன் ஆற்றல் சேவைகள் இன்க்என்சைன் ஆற்றல் சேவைகள்ஆற்றல் சேவைகள்கனடியன் ப்ரெஸ்