The Globe and Mail reports in its Thursday, April 4, edition that ATB Capital Markets analyst Tim Monachello calls Schlumberger's acquisition of ChampionX "a clear positive" for CES Energy Solutions. The Globe's David Leeder writes in the Eye On Equities column that ChampionX is largest the purveyor of production chemicals globally and the largest competitor to CES Energy's North American business. Mr. Monachello says in a note: "While we believe there are a number of fundamental factors that justify some premium for ChampionX vs CES Energy, we believe an 82-per-cent market premium provides a strong upside marker for CES Energy investors. Our sum-of-parts analysis suggests CES Energy should justify a valuation multiple in the 5.5 times to six times range, and in less conservative scenarios, we believe CES Energy could justify up to a seven to eight times multiple. This suggests a per share equity valuation in the $5.60 to $8.15/share range. ... As a marginal negative, the acquisition of ChampionX will extinguish the only suitable public peer for CES Energy." Mr. Monachello is sticking with his "outperform" call for CES Energy. He gave his share target a $1.25 boost to $6.50. Analysts on average target the shares at $6.08.