Bullboard - Stock Discussion Forum Source Energy Services Ltd T.SHLE

Alternate Symbol(s): SCEYF

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... see more

Add To Watchlist

TSX:SHLE - Post Discussion

Source Energy Services Ltd > Panic-Proof Portfolio

View:

Post by retiredcf on Jul 13, 2024 10:32am

Panic-Proof Portfolio

TOP PICK

Source Energy Services Ltd(SHLE-T)

02/07/2024

Stockchase Research Editor: Michael O'Reilly

The Calgary based frac sand supplier recently reported 98% utilization in its trucking fleet -- an increase from 89% from a year ago. Its rail facility in NE BC has achieved unit train size capacity, which will add further revenues. We like that it trades at 4x earnings and under book value. We recommend setting a stop-loss at $8.50, looking to achieve $14.00 -- upside potential of 27%. Yield 0%

(Analysts’ price target is $17.00)

Energy

$10.940

164