Source Energy Services Ltd SCEYF

Primary Symbol: T.SHLE

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.

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Source Energy Services Ltd > 3q24

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Comment by iamthesultanon Nov 07, 2024 11:21am

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Post# 36301142

RE:3q24

Damn, that was a great quarter!

There were some pretty direct questions on the conference call asking if there were companies sniffing around. Scott answered "no", but at 2.3x this is a steal of deal.

Good luck all.

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