Thomas Simons - CES Energy CEO

CEU Stock  CAD 6.82  0.03  0.44%   

CEO

Mr. Thomas J. Simons is President, Chief Executive Officer, NonIndependent Director of Canadian Energy Services Technology Corporationration Prior thereto, Mr. Simons was the President and Chief Executive Officer and one of the principals of Impact Fluid Systems Inc. Mr. Simons has over 20 years of experience in the Canadian oilfield service industry and has worked as a Technical Sales Manager for Newpark Canada and Protec Mud Services and as a technician with MI Drilling Fluids Ltd. since 2010.
Age 50
Tenure 14 years
Address 332-6th Avenue SW, Calgary, AB, Canada, T2P 0B2
Phone403-269-2800
Webhttps://www.cesenergysolutions.com

CES Energy Management Efficiency

The company has return on total asset (ROA) of 0.1073 % which means that it generated a profit of $0.1073 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2628 %, meaning that it generated $0.2628 on every $100 dollars invested by stockholders. CES Energy's management efficiency ratios could be used to measure how well CES Energy manages its routine affairs as well as how well it operates its assets and liabilities. As of the 6th of June 2024, Return On Tangible Assets is likely to grow to 0.13. Also, Return On Capital Employed is likely to grow to 0.22. At this time, CES Energy's Fixed Asset Turnover is very stable compared to the past year. As of the 6th of June 2024, Return On Assets is likely to grow to 0.12, while Total Assets are likely to drop about 834.6 M.
CES Energy Solutions has accumulated 20.8 M in total debt with debt to equity ratio (D/E) of 0.7, which is about average as compared to similar companies. CES Energy Solutions has a current ratio of 4.48, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist CES Energy until it has trouble settling it off, either with new capital or with free cash flow. So, CES Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like CES Energy Solutions sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CES to invest in growth at high rates of return. When we think about CES Energy's use of debt, we should always consider it together with cash and equity.

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CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. CES Energy Solutions Corp. was incorporated in 1986 and is headquartered in Calgary, Canada. CES ENERGY operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 1993 people. CES Energy Solutions (CEU) is traded on Toronto Exchange in Canada and employs 13 people. CES Energy is listed under Oil & Gas Equipment & Services category by Fama And French industry classification.

Management Performance

CES Energy Solutions Leadership Team

Elected by the shareholders, the CES Energy's board of directors comprises two types of representatives: CES Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CES. The board's role is to monitor CES Energy's management team and ensure that shareholders' interests are well served. CES Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CES Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kenneth Zinger, Chief Operating Officer and President, Canadian Drilling Fluids
Thomas Simons, President, Chief Executive Officer, Non-Independent Director
Spencer Armour, Independent Director
Michael Hallat, President Limited
Richard Baxter, President US Drilling Fluids
Philip Scherman, Independent Director
John Hooks, Independent Director
James Pasieka, Corporate Secretary
Kyle Kitagawa, Independent Chairman of the Board
Vernon Disney, President US Production Chemicals
Stella Cosby, Independent Director
Anthony Aulicino, Chief Financial Officer
Matthew Bell, Corporate Counsel

CES Stock Performance Indicators

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Other Information on Investing in CES Stock

CES Energy financial ratios help investors to determine whether CES Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CES with respect to the benefits of owning CES Energy security.