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ClearStream Energy Services Inc. (CSM.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.04500.0000 (0.00%)
As of 09:44AM EDT. Market open.
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  • J
    John
    Real rates are -8%. Smart people are calling for the barrel to hit $150. I think we have a few more quarters of producers repairing the balance sheet before it starts trickling down to the service sector. If the winds blow the wrong way this ship will sink, sure. The asymmetry of the risk/reward is what I like. As a leveraged macro bet I think this is juicy. Taking on that debt to acquire competitors may pay off.
  • G
    Gilbert
    Is anyone learning anything from this stock, yet? NEVER ignore the debt. Especially when it’s this massive, and in an environment of rising interest rates.
  • m
    moving_upslowly
    What’s going on are they losing their contract with Syncrude or what?
  • T
    TheEnergyHound
    Some good points to take on CSM.TO if you're a new investor:

    Net positive for 2020 $3.5M despite oil prices and COVID.
    New project awards and contract renewals were $46 million for the three months ended December 31, 2020 and approximately $100 million for 2021 year-to-date.
    Generates 300+million on a 9mill MCAP.
    Insiders buying, and have not sold since 2017 ( pre-new management).
    Ramped up services for 2021, indicated through constant new hiring.
  • E
    Eric
    I’m going to purchase another 30,000 shares of this company. After seeing the companies financial situation it’s clear that they have negative equity (19 million). Being pessimistic and assuming revenue of 350 million and earnings of 1 million per quarter they are well on the way to pay down debt and work on the structure of the company. They have 3300 employees. Going bankrupt is always an option but they seem like they are on the right path with the right management. They aren’t worth even 12 million right now but I could see with a time horizon of 2-3 years being worth that on paper at the bare minimum. I’d hope for a 50 million dollar valuation because that seems more realistic for the size of the company.

    Additionally, provided they pay down debt and focus on stable income they could become a buy out target for some larger companies in the space. They do have 75 million in property plant and equip, this should be a factor.
    Bullish
  • T
    TheEnergyHound
    Morning all, this company is still undervalued, fins should be out soon.

    Some good points to take on CSM.TO if you're a new investor:

    Net positive for 2020 $3.5M despite oil prices and COVID.
    New project awards and contract renewals were $46 million for the three months ended December 31, 2020 and approximately $100 million for 2021 year-to-date.
    Generates 300+million on a 9mill MCAP.
    Insiders buying, and have not sold since 2017 ( pre-new management).
    Ramped up services for 2021, indicated through constant new hiring.

    Also, every company has debt, especially for a company this size. So don't listen to bashers looking for cheap shares.
    Bullish
  • K
    Kaedyn
    "We are pleased to announce the establishment of a formal joint venture with Christina River Enterprises (CRE), the business entity of the Fort McMurray #468 First Nation. This joint venture will leverage the experience and strengths of both parties for mutual benefit and growth, and further position us as a leading service provider in the region for Heavy Equipment Operators in North Eastern Alberta. Together, we strive to increase training, development, and employment opportunities for the local Fort McMurray #468 community."
  • M
    Mikey
    TTM: $500 Mill in revenue with $36 Mill Gross profit and a market cap under $10 Million......this is going to fly
  • J
    Jeremy L
    Anyone here that have owned this for a while now ? Jumped in at lunch with 5000 shares @ $0.08 on a whim but after looking at this a bit more carefully I feel like I am missing something. Project rewards and renewals, 400 Mil in Revenue, Healthy Cash in hand, 2200 employees. All this with a 10 Mil Market Cap ?? Can anyone collaborate what they have learned from their own research. Thanks. I will probably grab some more tomorrow.
    Bullish
  • j
    jtdouble
    This will be easy 20-30 cents high of 10 bucks .. latest report profitable .. 99% off ..
  • T
    TheEnergyHound
    Anyone bashing at these levels after the last couple runs CSM has had, wants some cheap shares. Strong foundation, management, and the company was net positive for 2020..
    Bullish
  • d
    danny
    I want to go long in this company, because nothing I could find in the technicals or fundamentals explain the share price. I feel it's undervalued. Am I missing something? why is this not trading in 0.20s?
  • T
    TheEnergyHound
    500mill revs on a 10mill mcap, spells undervalued.

    Covid vaccination in place, spring-summer oil production is expected to increase again with the industry/economy starting back up. Good things to come.
    Bullish
  • j
    jtdouble
    The backlog is over 100 millions for a company with 9 millions market capitalization with 3 cents Eps and 28 cents cash per share. There a good chance of takeover here since the sector have started to firm up and csm been hiring for months now !’
  • R
    Roberto
    The stock goes up 200% on a huge all around red day on the market. The next day is another red day all around the market. People will take profits due to what’s happening in the market and more when you have 200% gains in a day.

    This company has great fundamentals and am happy to continue adding to my position of dips.

    I’ll save this message and will repost in a year from now to show you where this company will be and what you missed out on cause you want to make 100% gains daily.
    Bullish
  • N
    Nomen Nescio
    Company is still undervalued, looking forward to hearing from management soon
  • T
    TheEnergyHound
    Good morning everyone, nice to see CSM is holding well in these markets. Some nice highlights from the Q1 report:
    Gross profit margin for the three months ended March 31, 2021 was 9.8%, as compared to 7.2% in Q1 2020 and 9.9% in Q4 2020.
    Selling, general and administrative expenses for the three months ended March 31, 2021 were $6.0 million, representing a decrease of $0.5 million or 8.8% from Q1 2020 and a decrease of $1.9 million or 24% from Q4 2020.
    Liquidity remained strong with total cash and available credit facilities of $66.2 million at March 31, 2021, down from $71.7 million at December 31, 2020 due to a reduction in the maximum borrowing base under the asset-based lending facility effective March 23, 2021.
    New project awards and contract renewals were $135 million for the three months ended March 31, 2021 and approximately $41 million for the month of April 2021. Approximately 60% of that work will be completed in 2021 with the balance scheduled for 2022-2025.

    Looking forward to hearing about new contracts they've received.
    Bullish
  • Y
    Youth
    I just got in @957 50,000 shares. I think this company is solid and oil prices keep going up. Buy and hold.
  • T
    TheEnergyHound
    Expecting an update fairly soon from mgmt, I've heard some rumors amongst groups of peers that new contracts are underway
    Bullish
  • j
    jtdouble
    Oil crossed 75 bucks WCS 62 .. They can only suppress the price here for so long .. As oil fundamentals starts to firm up we see this gap up .. lots of update in FB , Csm going on social media with all projects and community activities..
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