S&P Capital IQ Initiates Coverage on Canadian Energy Services & Technology Corp. in Standard & Poor’s Factual Stock Reports
20 Abril 2012 - 8:17AM
Business Wire
S&P Capital IQ announced today that it has commenced
Standard & Poor’s Factual Stock Report coverage on Canadian
Energy Services & Technology Corp.
Canadian Energy Services & Technology Corp. (TSX: CEU;
OTCQX: CESDF) (''CES'' or ''the company'') engages in designing and
implementing technically advanced drilling fluid systems, and
production and well stimulation fluid systems in Canada and the
United States. The company offers drilling fluid systems for
drilling horizontal wells, vertical, and directional wells. It also
provides environmental and drilling fluids waste disposal services
and trucks and trailers to off-highway oilfield work. CES has
operations in the Western Canadian Sedimentary Basin (WCSB) and in
various basins of the United States, through its indirect wholly
owned subsidiary, AES Drilling Fluids, LLC (“AES”). Canadian Energy
Services' current client base consists of approximately 300 oil and
gas entities that represent a cross-section of the Canadian and US
oil and gas industry from junior oil and gas exploration and
production entities to large multinational producers.
Drilling fluid, also referred to as ''drilling mud'', is a term
that includes most fluids used in the drilling business to
facilitate the drilling of oil and gas wells. The designed drilling
fluid encompasses the functions of cleaning the hole, stabilizing
the rock drilled, controlling subsurface pressures, enhancing
drilling rates and protecting potential production zones while
conserving the environment in the surrounding surface and
subsurface area. Canadian Energy Services' drilling fluid systems
are designed to be adaptable to a broad range of complex and varied
drilling scenarios, to help clients eliminate inefficiencies in the
drilling process and to assist them in meeting operational
objectives and environmental compliance obligations.
CES operates three separate laboratory facilities and works with
various third party chemical laboratories to design and continually
improve a suite of drilling fluid systems focused on the geological
formations and drilling methods employed in North America. The
company's key suite of proprietary drilling fluid systems consists
of the following: it's patented Seal-AX and PolarBond lines along
with its proprietary ABS40, PureStar, and Liquidrill/Tarbreak
products.
The company was formerly known as Canadian Energy Services LP.
and through a corporate conversion transaction completed in January
2010, wherein it acquired Nevaro Capital Corporation, it changed
its name to Canadian Energy Services & Technology Corp.
Canadian Energy Services & Technology Corp. is headquartered in
Calgary, Canada, and AES is headquartered in Houston, Texas.
Standard & Poor’s Factual Stock Report coverage on Canadian
Energy Services & Technology Corp will also be accessible on an
ongoing basis to the investment community by scores of buy-side
institutions and sell-side firms that utilize S&P Capital IQ
research and information platforms daily. Millions of self-directed
investors also have access to the report via their e-brokerage
accounts. Please visit www.canadianenergyservices.com for
additional information.
About Standard & Poor's Factual Stock Reports
Currently profiling over 500 issuers, Standard & Poor’s
Factual Stock Reports, produced by S&P Capital IQ, increase
market awareness of issuers in the investment community with
insightful commentary and key statistics and information. Standard
& Poor’s Factual Stock Reports provide factual research
coverage about company fundamentals and business prospects, thereby
enabling information about covered companies to reach a wide
investor audience of Buy and Sell-side investors. Updated weekly
with the latest pricing, trading volume, and other data, the
reports include recent developments, a financial review, key
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holdings analysis, Street Consensus and opinions, performance
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coverage of these reports is underwritten by the issuer, S&P
Capital IQ does not offer investment opinions concerning the
advisability of investing in these stocks.
Standard & Poor’s Factual Stock Reports are produced
separately from any other analytic activity of S&P Capital IQ
or related organizations. S&P Capital IQ does not trade on its
own account.
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