06:22:45 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Secure Energy Services Inc
Symbol SES
Shares Issued 136,107,071
Close 2015-05-28 C$ 14.58
Market Cap C$ 1,984,441,095
Recent Sedar Documents

Globe says Secure Energy hiked to "action list buy"

2015-05-29 06:12 ET - In the News

The Globe and Mail reports in its Friday, May 29, edition that a recent drop in share price and the strong market position of Secure Energy Services ($14.58) led TD Securities analyst Scott Treadwell to upgrade the stock from "buy" to "action list buy." The Globe's David Leeder writes in the Eye On Equities column that disappointing first quarter results, which Mr. Treadwell blamed on one-time severance costs, has caused Secure stock to decline since early May. Mr. Treadwell says: "We believe that the company's strong balance sheet could fund a number of accretive acquisitions (both producer-owned disposal wells and waste treatment facilities) that may, in our view, drive a step-change in [earnings before interest, taxes, depreciation, and amortization] estimates and likely equity valuation. ... We believe that as the company continues to expand into operations with long-term visibility and growth potential, Secure will trend up to and through its five-year [discounted cash flow-net asset value] value. It trades at a healthy premium to other logistics names in our universe, and we see little reason for the gap to close." Mr. Treadwell hiked his target price to $23 from $20.

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