Ensign Posts Lower Profit, Sees Continued Weakness In Canada

摘要

Ensign Energy Services Inc.'s profit, cash flow and revenue fell sharply in the second quarter due to weakness in the Canadian and United States markets (see table)."Activity levels in Canada are primarily driven by supply and demand fundamentals for natural gas. Until there is a significant improvement in the commodity price for natural gas, we do not expect demand for oilfield services in Canada to improve," the company said in releasing its quarterly results.