Secure Energy Services Inc T.SES

Alternate Symbol(s): SECYF

Energy Oil & Gas Equipment & Services

SECURE Energy Services Inc. is a Canada-based environmental and energy infrastructure company. The Company operates through three segments: Environmental Waste Management (EWM) Infrastructure, Energy Infrastructure and Oilfield Services. Its EWM Infrastructure segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer facilities, and metal recycling facilities. Through this infrastructure network, the Company carries out business operations, including the processing, recovery, recycling and disposal of waste streams generated by its energy and industrial customers. Its Energy Infrastructure segment includes a network of crude oil gathering pipelines, terminals and storage facilities. Through this infrastructure network, the Company is engaged in the transportation, optimization, terminalling and storage of crude oil. Its Oilfield Services segment includes drilling fluid management, and project management services.

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Secure Energy Services Inc

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Post by retiredcfon Jun 16, 2022 8:53am

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Post# 34760717

RBC

June 15, 2022

Secure Energy
Secure announces board member resignation

TSX: SES | CAD 6.61 | Outperform | Price Target CAD 9.00

Sentiment: Neutral

Secure announced that Director of the Board, Michael Colodner, has resigned, effective June 15, 2022. Mr. Colodner was appointed in July 2021 following the Tervita merger. We do not believe the resignation is related to operational issues as Secure continues to gather momentum from improving industry conditions and achievement of merger synergies.

Mr. Colodner resigning. Prior to Secure, Mr. Colodner served as director at Tervita for three years. Although Mr. Colodner served a short term with Secure, Rene Amirault, President & CEO stated, “Michael was instrumental in the transaction discussions between the two companies and remained focused on realizing the synergies resulting from the transaction and Secure becoming a more resilient, profitable and efficient business”. Mr. Colodner resigned for reasons unrelated to Secure in pursuit of other business endeavours.