A turn around restructuring story. They took on too much debt originally. They have 6 different businesses, 4 of which they are likely to sell. They have an energy services company, and a demolition company, both of which are doing very well. As they sell them off they can pay down debt and restructure the balance sheet. Could be a double or triple over the next couple of years. There is some risk in this one, however. The management team owns a lot of stock.
Clearstream Energy Services is a Canadian stock, trading under the symbol CSM-T on the Toronto Stock Exchange (CSM-CT). It is usually referred to as TSX:CSM or CSM-T
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In the last year, there was no coverage of Clearstream Energy Services published on Stockchase.
On 2022-12-02, Clearstream Energy Services (CSM-T) stock closed at a price of $0.045.
(A Top Pick Nov 6/14. Down 75%.) One of their key assets is an oil/gas services business, so it has come under a lot of pressure. This is a high risk/high reward situation. Still very much a binary outcome. It is either going to come under a lot of pressure with bankruptcy risks, or the stock could go up significantly if they are able to restructure their debt. Management owns a lot of stock personally. If they are successful at refinancing debt and the business holds up reasonably well, the outlook could be positive.