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Bullboard - Stock Discussion Forum CES Energy Solutions Corp T.CEU

Alternate Symbol(s):  CESDF

CES Energy Solutions Corp. is a Canada-based provider of consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. Its core businesses include drilling fluids and production and specialty chemicals. Its... see more

TSX:CEU - Post Discussion

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Post by Canoutchie on Mar 24, 2022 3:32pm

SEDI

Looking at SEDI filings there's been an awful lot of insider selling by several senior directors over the past few weeks. It really begs the question about whether there is any further upside to be had as CEU consistently sells off it seems towards the end of each day, at least lately.

Maybe my thesis about North American oil service companies benefiting from higher upside on the price of oil and increased demand for non-Russian output is fundamentally flawed. I've been wrong on the markets several times before, but interested to hear if anyone else has any thoughts on this?
Comment by 2021Gamble on Mar 24, 2022 3:47pm
My sedi info says execution of options....not insider selling on the market.... And given edgepoint is taking a position among more than a few of their funds, and just picked up 20% of the company and then some... Not to mention CEU is now 46% institution owned...i would continue to say the upside is massive And the 2.581% yield ain't too bad in this environment either with upside so yes.. ...more  
Comment by claritas on Mar 24, 2022 3:56pm
Actually, on InkResearch, while they have exercised options, there HAVE been public market sales. Foe example, on March 31 Mr. Aulicino exercised options on Restricted Share Units for 197,565 units and then sold on the market 101,474 shares.  Nothing dramatic, insiders still have a relatively stable holding in the Company.
Comment by 2021Gamble on Mar 24, 2022 3:59pm
Tax man needs his money. Common practice to sell the equivalent of the tax bill Nothing nefarious there imo
Comment by Canoutchie on Mar 24, 2022 4:00pm
Forgive my ignorance, but right after the sale of the options (or rights), SEDI indicates "disposition of shares in the public markets", and several hundred thousand shares have been tendered by various directors over the past few weeks. If this doesn't account for all the selling pressure that keeps bringing down the share price, then I'm curious what else might be driving this ...more  
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