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 > As if the 30% plus free cashflow isn't enough, their hudge

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Comment by JohnSPon Jan 16, 2024 10:01am

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Post# 35828804

RE:RE:RE:RE:As if the 30% plus free cashflow isn't enough, their hudge

Agree they prefer buybacks, but they will easily max their 10% of float NCIB, which was renewed for 18,719,430 shares on July 20, 2023: https://www.cesenergysolutions.com/wp-content/uploads/2023/07/CES-Press-Release-NCIB-Renewal-2023-vF.pdf

Since that renewal:
Dec = 1,143,200 shares
Nov = 2,104,000
Oct = 1,906,800
Sep = 4,646,600
Aug = 3,323,500
Jul = 3,972,300 (part may be on previous NCIB)
Total = 13,124,100 (7% of NCIB) in 6 months!

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