Crude oil just hit a new 52-week week high and Essential Energy Services (TSX: ESN) is our #1 favorite crude oil play. It is one of the world's most undervalued stocks. At $0.265 per share it has a market cap of only CAD$37.592 million with a net cash position of CAD$6.48 million for an enterprise value of CAD$31.112 million. Over the last twelve months, ESN generated CAD$24.22 million in positive cash flow from operations! ESN has an enterprise value of only 1.28X positive cash flow!
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