- Divergent Energy Services Corp (DVG) has announced a substantial recovery in activity paralleling the strong improvement and outlook in oil and gas pricing
- The number of electric submersible pump installations has accelerated throughout the fourth quarter
- Ken Berg, President and CEO expressed the company’s gratitude to their clients for their ongoing commitment and support
- Divergent provides artificial lift products and services for the water, gas and oil industries through its wholly-owned subsidiary Extreme Pump Solutions LLC
- Divergent Energy Services (DVG) is up 5.26 per cent, trading at C$0.10 per share at 11:15 am EST
Following very challenging second and third quarters in 2020, Divergent has noted a significant recovery in activity.
The increase in activity parallels the strong improvement and outlook in oil and gas pricing. The number of ESP installations accelerated throughout the fourth quarter, with job counts at levels not experienced since mid-2019.
Ken Berg, President and CEO commented, “We are grateful to our core base of clients for their ongoing commitment to us, and to our supply chain partners for supporting us through a very challenging period last year. We remain committed to our key business principles of delivering safe, reliable and repeatable service.”
Headquartered in Calgary, Alberta, Divergent provides Artificial Lift products and services for the water, gas and oil industries through its wholly-owned subsidiary Extreme Pump Solutions LLC.
Product lines include Electric Submersible Pumps and the future development of Electromagnetic Pump technology.
Divergent Energy Services (DVG) is up 5.26 per cent, trading at C$0.10 per share at 11:15 am EST.
