This company has essentially had a shrinking return on equity for the last decade. This is pretty much a deal breaker for me. Right now, for every $1 in shareholder equity, the company is losing 10 cents. They actually haven't even had positive ROE since 2015.
We can compare this to a senior producer like Canadian Natural Resources, which although has fluctuated in good and bad commodity prices, has typically maintained an ROE above 8%. It took a global pandemic for the company to dip into negative territory. Now keep in mind CNQ is a producer while Ensign is a driller, but the point is still true.
This could be a momentum style play when life gets back to normal, but this is a company that's been mismanaged for quite some time it looks like. If I was screening stocks, this wouldn't even make it past my initial screen.