Post by
retiredcf on Oct 02, 2024 6:00am
Panic-Proof Portfolio
TOP PICK
Source Energy Services Ltd(SHLE-T)
24/09/2024
Stockchase Research Editor: Michael O'Reilly
We reiterate SHLE, a frac sand distributor as a TOP PICK. The company recently announced a partnership with Trican Well Service to develop a world-class storage facility in NE BC, capable of receiving unit trains -- this should make it a key player in the development of this region. It trades at 4x earnings and under book value. We recommend trailing up the stop (from $9.50) to $10.50, looking to achieve $15.00 -- upside potential of 28%. Yield 0%
(Analysts’ price target is $18.50)
Energy
$11.400