Source Energy Services Ltd T.SHLE

Alternate Symbol(s): SCEYF

Energy Oil & Gas Equipment & Services

Source Energy Services Ltd. is a Canada-based company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by the Company. The Company provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system. Its network of multi-product terminals ensures streamlined delivery of quality proppant, bulk well completion materials, and other commodities. It has seven terminals that enable a reduction of delivery times to well sites. Its full-service approach allows customers to rely on its logistics platform to increase reliability of supply and to ensure the timely delivery of frac sand and other bulk completion materials at the well site.

TSX:SHLE - Post by User

Source Energy Services Ltd

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Post by retiredcfon Oct 02, 2024 6:00am

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Post# 36249539

Panic-Proof Portfolio

TOP PICK
Source Energy Services Ltd(SHLE-T)
24/09/2024

Stockchase Research Editor: Michael O'Reilly
We reiterate SHLE, a frac sand distributor as a TOP PICK. The company recently announced a partnership with Trican Well Service to develop a world-class storage facility in NE BC, capable of receiving unit trains -- this should make it a key player in the development of this region. It trades at 4x earnings and under book value. We recommend trailing up the stop (from $9.50) to $10.50, looking to achieve $15.00 -- upside potential of 28%. Yield 0%

(Analysts’ price target is $18.50)
Energy
$11.400

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