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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 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

Bullboard Posts
Post by wobbleson Feb 12, 2020 10:55pm
228 Views
Post# 30683324

This is a good company but it's not a good time

This is a good company but it's not a good time
I bought at CAD $2.06, which was pretty much at the end of a really good run up. I am sure plenty of you here made good money. Good for you.
Since then, it is just treading water for me so I will be selling it all immediately at around the same price I bought it for.
Some would call me impatient, but that is simplistic. The dividend is not high. The short and medium term forecast for their services is fairly unexciting, regardless of the price targets and rankings of under-valued that I see.
They are a really good company which performs well. I realize they might continue to grow their market share and make inroads. The target price seems to always be high, yet I don't really believe that this merits a place in my dividend portfolio at this time. Oil & Gas related stuff is not growing, though it may eventually this year. Growth and profit is what I want.
Bullboard Posts