Canadian Energy Services & Technology

CEU-T

Analysis and Opinions about CEU-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 19, 2020
Capital issues? He would avoid this as he owns no service companies right now. Producers have been marginal with cash flow to survive, but there has been no surplus cash flow to increase drilling activity. CEU sells chemicals to US producers and have been forced to cut prices on their product. He thinks the market is in a new normal, focusing on debt re-payment. This will place a longer term cap on activity levels.
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Capital issues? He would avoid this as he owns no service companies right now. Producers have been marginal with cash flow to survive, but there has been no surplus cash flow to increase drilling activity. CEU sells chemicals to US producers and have been forced to cut prices on their product. He thinks the market is in a new normal, focusing on debt re-payment. This will place a longer term cap on activity levels.
DON'T BUY
DON'T BUY
October 19, 2018

He is not enamored by the service fluid space. He feels there is not a strong negotiation position with customers, so he does not think they are benefiting from higher commodity prices.

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He is not enamored by the service fluid space. He feels there is not a strong negotiation position with customers, so he does not think they are benefiting from higher commodity prices.

TOP PICK
TOP PICK
June 15, 2018

They are in the services side of the energy picture. Last quarter its margins came down because of rising input costs that they have not been able to pass off. They took market share from competitors. If you look at the inflection point with OPEC, their production could go up and prices would go up as their reserves go down. (Analysts’ target: $8.14).

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They are in the services side of the energy picture. Last quarter its margins came down because of rising input costs that they have not been able to pass off. They took market share from competitors. If you look at the inflection point with OPEC, their production could go up and prices would go up as their reserves go down. (Analysts’ target: $8.14).

TOP PICK
TOP PICK
April 11, 2017

This sells drilling fluids and specialty chemicals. Gets about two thirds of revenue from the US, where they are expanding in the Permian play in Texas. Expects they will continue to ramp up. It has had a good run up over the last year, but is down from its highs of around $8.60 or so. He is expecting tremendous upside. Has a price target of $11. He sees continued growth from this sector in the US, and if we get a rebound in Canada as well, this company will be well positioned. (Analysts’ price target is $9.50.)

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This sells drilling fluids and specialty chemicals. Gets about two thirds of revenue from the US, where they are expanding in the Permian play in Texas. Expects they will continue to ramp up. It has had a good run up over the last year, but is down from its highs of around $8.60 or so. He is expecting tremendous upside. Has a price target of $11. He sees continued growth from this sector in the US, and if we get a rebound in Canada as well, this company will be well positioned. (Analysts’ price target is $9.50.)

DON'T BUY
DON'T BUY
August 16, 2016

Secure Energy Services (SES-T) or Canadian Energy Services & Technology (CEU-T)? He is not really into the service names. This cut its dividend earlier this year and is only paying about .05%. Secure Energy has a 2.5% dividend yield. If you are looking for dividend exposure, Secure 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.

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Secure Energy Services (SES-T) or Canadian Energy Services & Technology (CEU-T)? He is not really into the service names. This cut its dividend earlier this year and is only paying about .05%. Secure Energy has a 2.5% dividend yield. If you are looking for dividend exposure, Secure 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.

COMMENT
COMMENT
January 8, 2016

Really likes management and the company. With the commodity price coming off this much, it is probably down 60% or so. They supply the fluids to the companies that are drilling. Longer-term, this is one of the higher-quality names in terms of management and operations.

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Really likes management and the company. With the commodity price coming off this much, it is probably down 60% or so. They supply the fluids to the companies that are drilling. Longer-term, this is one of the higher-quality names in terms of management and operations.

WEAK BUY
WEAK BUY
February 5, 2015

A name in a portfolio that makes a lot of sense. Make sure it is part of a basket of such stocks.

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A name in a portfolio that makes a lot of sense. Make sure it is part of a basket of such stocks.

COMMENT
COMMENT
December 24, 2014

Probably one of the best managed of the services companies. Tends to be one of the higher ROE companies. He doesn’t own a lot of oil/gas today, but he would guess that by June/15, he will. This would be one of those names that he would be taking a hard look at.

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Probably one of the best managed of the services companies. Tends to be one of the higher ROE companies. He doesn’t own a lot of oil/gas today, but he would guess that by June/15, he will. This would be one of those names that he would be taking a hard look at.

BUY
BUY
December 1, 2014

They are all making multi-year lows. He thinks there is value here, but he does not know the company. He likes the group overall. People are being very short sighted in their selling.

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They are all making multi-year lows. He thinks there is value here, but he does not know the company. He likes the group overall. People are being very short sighted in their selling.

PARTIAL SELL
PARTIAL SELL
December 1, 2014

He does not want to own any service stocks at all. With the oil price and profitability so low production companies will have very little capital to spend on drilling. Oil services companies get hit first with low oil prices. The CEO has been selling the last couple of weeks. The guest owns less of this than he did a week and half ago.

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He does not want to own any service stocks at all. With the oil price and profitability so low production companies will have very little capital to spend on drilling. Oil services companies get hit first with low oil prices. The CEO has been selling the last couple of weeks. The guest owns less of this than he did a week and half ago.

BUY
BUY
November 26, 2014

Energy services company that helps with fluid handling. Looking at a long-term chart the company has done very well, but has come off quite a bit in the last 6 months. Have come out with very good earnings every quarter, but thinks it is getting caught up with oil prices coming down. If you are a long-term believer in management, which he is, you should continue to hold. It is also a pretty good buying opportunity.

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Energy services company that helps with fluid handling. Looking at a long-term chart the company has done very well, but has come off quite a bit in the last 6 months. Have come out with very good earnings every quarter, but thinks it is getting caught up with oil prices coming down. If you are a long-term believer in management, which he is, you should continue to hold. It is also a pretty good buying opportunity.

BUY
BUY
November 7, 2014

This is quite a remarkable company. They make the custom fluids for fracing, so they will be affected somewhat by the price of oil. The reality is that if you are going to do wells and you are going to frac them, you want to put the right stuff down that well. This is exactly the company that will benefit from people trying to save some money in terms of drilling by having better outcomes.

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This is quite a remarkable company. They make the custom fluids for fracing, so they will be affected somewhat by the price of oil. The reality is that if you are going to do wells and you are going to frac them, you want to put the right stuff down that well. This is exactly the company that will benefit from people trying to save some money in terms of drilling by having better outcomes.

COMMENT
COMMENT
October 31, 2014

He noticed that after the energy stocks started tanking when they shouldn't have been, they should have been strong through the end of July into October, and we have done nothing, but break down since July. It is not just a supply issue in oil and gas, but it is actually a demand issue. Support seems to be at around $7. This is across the area.

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He noticed that after the energy stocks started tanking when they shouldn't have been, they should have been strong through the end of July into October, and we have done nothing, but break down since July. It is not just a supply issue in oil and gas, but it is actually a demand issue. Support seems to be at around $7. This is across the area.

COMMENT
COMMENT
October 7, 2014

This is more of a technology company than an energy company. They spend a great deal of time and effort on trying to enhance the drilling techniques and the completion techniques for drilling companies. Because they are light on their assets, they get some amazing returns on capital. Stock does trade sometimes at a pretty high valuation, but the earnings acceleration is quite robust, especially now they are starting to win some significant market share in the US.

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This is more of a technology company than an energy company. They spend a great deal of time and effort on trying to enhance the drilling techniques and the completion techniques for drilling companies. Because they are light on their assets, they get some amazing returns on capital. Stock does trade sometimes at a pretty high valuation, but the earnings acceleration is quite robust, especially now they are starting to win some significant market share in the US.

HOLD
HOLD
September 24, 2014

They are in the drilling fluid service sector and have done phenomenally well. Has looked at this several times, but what has made him think twice is that it tends to trade at a fairly rich valuation. If it sold off, this might be one he would look at.

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They are in the drilling fluid service sector and have done phenomenally well. Has looked at this several times, but what has made him think twice is that it tends to trade at a fairly rich valuation. If it sold off, this might be one he would look at.

Showing 1 to 15 of 28 entries

Canadian Energy Services & Technology(CEU-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Canadian Energy Services & Technology is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canadian Energy Services & Technology(CEU-T) Frequently Asked Questions

What is Canadian Energy Services & Technology stock symbol?

Canadian Energy Services & Technology is a Canadian stock, trading under the symbol CEU-T on the Toronto Stock Exchange (CEU-CT). It is usually referred to as TSX:CEU or CEU-T

Is Canadian Energy Services & Technology a buy or a sell?

In the last year, 1 stock analyst published opinions about CEU-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Canadian Energy Services & Technology.

Is Canadian Energy Services & Technology a good investment or a top pick?

Canadian Energy Services & Technology was recommended as a Top Pick by Eric Nuttall on 2020-06-19. Read the latest stock experts ratings for Canadian Energy Services & Technology.

Why is Canadian Energy Services & Technology stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canadian Energy Services & Technology worth watching?

1 stock analyst on Stockchase covered Canadian Energy Services & Technology In the last year. It is a trending stock that is worth watching.

What is Canadian Energy Services & Technology stock price?

On 2020-09-29, Canadian Energy Services & Technology (CEU-T) stock closed at a price of $0.79.