Josef Schachter - BNN - Top Pick CES Energy Solutions (CEU TSX)
The company provides drilling and production fluids to E&P companies. Revenues in 2021 were $1.19B and adjusted EBITDA was $156M. It has a 36 per cent market share in Canada and a 17 per cent share in the U.S. but has an important 26 per cent position in the Permian basin. The market cap is $680M and it has a working capital surplus of $443M at the end of 2021. With drilling picking up due to the need for secure energy supplies they are in a strong position to grow the company in the years ahead. Our 4-5 year bull market peak target is $11.00.
https://www.bnnbloomberg.ca/josef-schachter-s-top-picks-april-20-2022-1.1754535