The story
1987 to 2007
Ensign was founded in 1987 as Ensign Resource Service Group. It listed on the Toronto Stock Exchange in 1993. In the second quarter of 2005, the company changed its name from Ensign Resource Service Group to its current name.
2008 to Present
In 2011, the company was accused of option backdating; it eventually reached a $4 million settlement. In 2015–2016, it experienced significant losses of $104 million and $150 million; in the 2009 to 2016 period, it closed down 200 rigs.
In August 2018, Ensign made a C$470 million hostile takeover offer for Trinidad Drilling. On November 27, 2018, Ensign announced the successful acquisition of a total of 66.73 per cent of the outstanding common shares of Trinidad Drilling Ltd. ("Trinidad"), including the 9.82 per cent previously held by Ensign, which increased to 89.3 per cent by December 21, 2018. The company reported a 72 per cent increase in revenue in its first full quarter since acquiring Trinidad Drilling Ltd.
In 2019, the company was awarded significant new drilling contracts in the United States, Canada and the Middle East.
From Wikipedia’s article on Ensign Energy Services, shared under CC BY-SA 4.0.7