Canadian Energy Services & Technology Corp. (“CES”) is a leading provider of technically advanced consumable chemical solutions throughout the life-cycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. With limited re-investment capital required to grow, CES has been able to capitalize on the growing market demand for drilling fluids and production specialty chemicals in North America while generating free cash flow. CES returns much of this free cash flow back to shareholders through its monthly dividend.
CES trades on the TSX under the symbol CEU and in the United States on the OTCQX under the symbol CESDF.
The Corporation’s two core businesses are drilling fluids and production specialty chemicals which combined represent over 90 percent of the Corporation’s current revenue stream. The drilling fluids business implements drilling fluid systems for North American based oil and natural gas producers. The production specialty chemicals business designs and manufactures a complete line of production specialty chemicals for use in the energy sector. Headquartered in Calgary, Alberta, Canada, CES has operations in western Canada and in twenty states in the United States.
CES has evolved into an industry leader through a combination of organic growth initiatives and strategic acquisitions since its initial public offering in March 2006. Organic growth has come through increased market penetration with its knowledgeable sales and field staff while innovative solutions are constantly being developed by our R&D group to meet customers' needs. CES has acquired companies in both the US and Canada that had a leadership position in their local market, were strategically located and shared CES’s approach to customer service.