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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CES Energy Solutions Corp > What happened??

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Comment by EstevanOutsideron Aug 14, 2022 12:01am

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Post# 34894735

RE:What happened??

Not really man. CES Energy has a positive net working capital surplus to debt. They are "countercyclical" which means FCF improves as activity diminishes. So the adding working capital is what caused the debt to go up as activity levels have picked up.

Q2 was expected to be weaker than Q1 for margins had anybody tuned into the RBC Energy conference or even the last Q1.

Stock saw nothing but upgrades from every analyst who covers the stock.

JTDOUBLE wrote: No dividends increase and increase drawing on credit line ..

I am very disappointed here , it becomes the opposite of what most oil gas companies are doing increase dividends and pay debts ..