Ensign shares rise with good Q3

Shares in Ensign Energy Services Inc. closed about eight per cent higher at $5.49 Monday after it reported a smaller loss in its third quarter compared with a year ago, while revenue grew 17 per cent. The drilling company says it lost $32.8 million or 21 cents per share on revenue of $289 million, compared with a loss of $36.5 million or 23 cents per share on revenue of $247 million in the third quarter of 2017. Ensign, which moved a drilling rig from Canada into the U.S. earlier this year, reported third-quarter revenue from activity in Canada dropped by 11 percent from last year, while U.S. revenue rose by 30 per cent.