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CES Energy Solutions Corp T.CEU

Alternate Symbol(s):  CESDF

Energy Oil & Gas Equipment & Services
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 drilling fluids business operates throughout North America. The Company provides environmental and drilling fluids waste disposal services to operators active in the Western Canadian Sedimentary Basin (WCSB) through its Clear Environmental Solutions (Clear) division. The Company’s production specialty chemicals business operates in the United States and in the WCSB, with an emphasis on servicing the oil and natural gas liquids resource plays. It provides trucks and trailers specifically designed to transport drilling fluids to operators active in the WCSB through its Equal Transport (Equal) division.


TSX:CEU - Post by User

CES Energy Solutions Corp
Bullboard Posts
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Comment by ArchimedesBon Mar 26, 2019 5:26pm
112 Views
Post# 29539357

RE:Worst Performance by CEU

RE:Worst Performance by CEU
CES Energy business includes selling chemicals to oil producers. They lowered their margins in 2018, and now that is biting them back.

My TD brokerage gives them $6 target price.

"Key Risks to Target Price
Key  risks  associated  with  our  target price include  weakness  in  commodity  prices; variability  of  drilling  activity;  marketability  and  competitiveness  of  chemical  products (technical  obsolescence);  competition;  foreign  country  risk  (U.S.);  foreign  exchange; play concentration (Permian); and acquisition risk."

I assume there are institutional investors trying to get out, check the total volume on all exchanges, today it was 3 times higher than the TSX alone.
https://www.stockwatch.com/Quote/Detail.aspx?symbol=CEU&region=C

Bullboard Posts
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