CESDF - Market Share Gains And Low Relative Valuation Make CES Energy Solutions Attractive
2023-03-23 02:47:49 ET
Summary
- CES Energy continues to gain market share in the drilling fluid market in the US and Canada.
- After setting up its Midland invert facility, it has forayed into a new market in the eastern Permian.
- Cash flow from operations was mildly negative in FY2022 but greatly improved over the previous year.
- CESDF stock is relatively undervalued compared to its peers.
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Market Share Gains And Low Relative Valuation Make CES Energy Solutions Attractive