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ESVIF - Ensign Energy Services to buy Nabors' Canadian drilling assets
Ensign Energy Services Inc
Ensign Energy Services ([[ESVIF]] -2.1%) agrees to acquire Nabors Industries' ([[NBR]] +0.2%) fleet of 35 land-based drilling rigs located in Canada and related equipment for an undisclosed sum.Ensign says the deal gives it an expanded fleet of high-spec drilling rigs along with highly trained crews while also providing cost synergies.Nabors' outlook is improving slightly but still looks like "a struggling company trying to stay afloat," Fun Trading writes in an analysis published on Seeking Alpha.