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.

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Comment by JTDOUBLEon May 19, 2022 1:22pm

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Post# 34695830

RE:RE:RE:RE:RE:RE:RE:RBC Upgrade

Margin should increased as stated they increase prices last March..

1:20 AM EDT, 05/16/2022 (MT Newswires) -- Scotiabank feels CES Energy Solutions Corp. (CEU.TO) can recover profit margins earlier than expected given the strong activity levels, tapering pace of cost inflation, and successful pricing actions to date.

The bank noted that CES Energy's Q1 margins compressed 240 basis points quarter on quarter. This was better than the implied guide for about 300 basis points of margin compression provided on the Q4 2021 earnings call in early March.

Further, Q1 margin exit rates were 12.5% to 13% versus the 9.5% range in January and February as additional price increases were implemented in March, the bank noted.

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