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Secure Energy Services (SES-T) has been described as well-run with warming up services in general, despite uncertainty around sites being ordered to sell off. The company specializes in environmental services and wastewater processing for oil and gas. With its recent acquisition of a major competitor and attractive EBITDA margins of 35-40%, the stock is currently down due to divestiture orders from the Competition Bureau, though there is optimism for a successful appeal. The company also offers a 6.10% yield and is trading at a low earnings multiple of 9x. Overall, the stock is in a state of uncertainty but has the potential for future growth.
Environmental services. Processes wastewater for oil and gas, mid-stream processing and storage. Very attractive EBITDA margins of 35-40%. Just bought biggest competitor. Stock's down, as Competition Bureau is forcing divestitures. Company is appealing this, good chance of winning. 9x earnings, share buybacks. Yield is 6.10%.
(Analysts’ price target is $8.73)(A Top Pick July 5/16. Up 5.41%.) *Long* (Pairs trade with a Short on Precision Drilling (PD-T). This operates in the environmental reclamation business. Environmental liabilities are something that are becoming increasingly important, particularly in Canada where they have most of their market share. He is still quite fond of this.
(A Top Pick July 5/16. Up 17%.) *LONG* (Pairs trade with a Short on Precision Drilling (PD-T). Took the trade off, but this is still a good company.
He likes the water treatment business. It is hard to replicate. The revenues are quite stable. As you get a recovery in drilling that business will ramp up also. They are almost the only game in town. It is possible they will increase the dividend at the end of the year. (Analysts’ Target: $12.06).
They will benefit from more activity in the oil patch. He likes the management team. It has a good balance sheet. It is one of his favourite names and he owns a lot of it.
She would Buy this if you have a 1-year outlook at least. It has a great business and there is a lot of torque to increasing activity in the basin. They do a lot of waste management. With oil prices increasing, she does think that this is the point in time when things are going to start to ramp up. It offers a lot of opportunity on the server side. A great management team. They have a pristine balance sheet. She can see lots and lots of upside.
*LONG* (Pairs trade with a Short on Precision Drilling (PD-T). (Top Pick July 5/16, Down 2%) It is a volume based business and is in better shape now as volumes are increasing. The balance sheet is in far better shape than PD-T’s.
A very well respected services company where a lot of people have been hiding to have service exposure, given that a lot of their revenue is a lot more secure. Feels you can do a lot better in other service areas such as pressure pumpers and frac sand companies. Dividend yield of 2.7%.
Secure Energy Services (SES-T) or Canadian Energy Services & Technology (CEU-T)? He is not really into the service names, but of these 2, this one has a 2.5% dividend yield, while Canadian Energy cut their dividend earlier this year and is only paying about .05%. If you are looking for dividend exposure, this would be the one. Service companies are going to struggle for an extended period, particularly if oil starts to come up like he thinks it might. The balance sheet on both companies are very well positioned, but you might just have to wait on this, and right now is not the time to be buying it.
Secure Energy Services is a Canadian stock, trading under the symbol SES-T on the Toronto Stock Exchange (SES-CT). It is usually referred to as TSX:SES or SES-T
In the last year, there was no coverage of Secure Energy Services published on Stockchase.
Secure Energy Services was recommended as a Top Pick by on . Read the latest stock experts ratings for Secure Energy Services.
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0 stock analysts on Stockchase covered Secure Energy Services In the last year. It is a trending stock that is worth watching.
On 2024-04-25, Secure Energy Services (SES-T) stock closed at a price of $11.56.
He's been warming up to services in general. Well run. Too much uncertainty re sites it's been ordered to sell off. he's waiting for clarity on those sales proceeds. See his Top Picks.