CES Energy Solutions Corp T.CEU

Josef Schachter - BNN - Top Pick

[Possibleidiot01]

CES Energy Solutions (CEU TSX)

The company provides drilling and production fluids to E&P companies. Revenues in 2021 were $1.19B and adjusted EBITDA was $156M. It has a 36 per cent market share in Canada and a 17 per cent share in the U.S. but has an important 26 per cent position in the Permian basin. The market cap is $680M and it has a working capital surplus of $443M at the end of 2021. With drilling picking up due to the need for secure energy supplies they are in a strong position to grow the company in the years ahead. Our 4-5 year bull market peak target is $11.00.

https://www.bnnbloomberg.ca/josef-schachter-s-top-picks-april-20-2022-1.1754535

[savyinvestor333]

That may explain the run up today.

[itsalie]

IDK, that guy is highly regarded as an idiot but I'll take the 10% pop

[parcheg]

Agree itsalie Schacter top pick invariably ends up a dud...let's hope for once he gets this one right

[JTDOUBLE]

Irregardless of his pick sooner or later he will get it right  , Ceu fundamentals given the geopolitical mess in Europe this is ripe for more upside ..  We break 3 bucks before May 13 report this going to happened given all the institutionals accumulations lately !!