Bullboard - Stock Discussion Forum CES Energy Solutions Corp T.CEU

Alternate Symbol(s): CESDF

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... see more

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TSX:CEU - Post Discussion

CES Energy Solutions Corp > Stifel

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Post by retiredcf on May 27, 2024 12:35pm

Stifel

Elsewhere, Stifel’s Cole Pereira maintained a “buy” rating and $8.50 target.

“While we view this update as neutral to our investment thesis, we reiterate our view on the company as our favourite name in Canadian OFS. CEU continues to screen well given its track record of growing revenue and improving margins in a declining U.S. activity environment, while trading at a significant discount to recent peer transactions and generating top-tier FCF conversion and ROIC with in the space,” said Mr. Pereira.

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