Secure Energy Services, Inc.

Secure Energy Services, Inc.

Secure Energy Services, Inc.

Overview
Headquarters

855-2nd Street SW,Suite 4500,Calgary, AB T2P 4K7

Type of Company

Public

Employees (Worldwide)

1,400

Industries

Oil & Gas

Company Description

Secure Energy Services, Inc. engages in the provision of safe and environmentally responsible fluids and solids solutions to the oil and gas industry. It operates through the following business segments: Processing, Recovery and Disposal Services (PRD); Drilling and Production Services (DPS); Onsite (OS); and Corporate. The PRD segment owns and operates midstream infrastructure that provides processing, storing, pipelines, shipping and marketing of crude oil, oilfield waste disposal and recycling. The DPS segment provides equipment, product solutions and chemicals for drilling, completion and production operations for oil and gas producers in western Canada, The OS segment includes projects which include pipeline integrity, demolition and pipeline decommissioning, and reclamation and remediation of former wellsites, facilities, commercial and industrial properties, and environmental construction projects. The Corporate segment includes activities not directly attributable to an operating segment. The company was founded on April 24, 2007 and is headquartered in Calgary, Canada.

Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Lead Director

Executive Vice President, Technical Services

Executive Vice President New Ventures & Government Affairs

Executive Vice President Corporate Development

Executive Vice President Human Resources & Strategy

Executive Vice President, On Site Services

Executive Vice President Processing, Recovery & Disposal

Executive Vice President Commercial & Transportation

Board of Directors

President & Chief Executive Officer at Secure Energy Services, Inc.

Former President & Chief Executive Officer at Trican Well Service Ltd.

President & Chief Executive Officer at Bittercreek Capital Corp.

Executive Vice President New Ventures & Government Affairs at Secure Energy Services, Inc.

Former Vice President, Marketing at Baytex Energy Corp.

Partner at Bennett Jones LLP

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Owners & Shareholders
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Burgundy Asset Management employs a value-focused global investment approach that seeks to preserve clients' capital while providing long-term superior investment returns. The firm offers investment strategies across many major asset classes, including but not limited to US large- and small/mid-cap, international, emerging markets and global equities. Burgundy employs a bottom-up investment approach, which focuses on strong business fundamentals and outstanding management teams and aims to reduce the inherent risk in investing. Their approach is designed to achieve lower volatility than the market averages. Burgundy looks for a margin of safety in the business and in the balance sheet of companies and generally requires a minimum 30% discount to intrinsic value at the time of purchase.

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QV Investors (QVI) manages several pooled investment funds with varying objectives in order to meet clients' varying needs. The QV Funds are the models for the firm's bond, balanced and equity strategies.The Canadian Income Fund seeks to provide investors steady income, earned in Canadian dollars, with low risk to principal. The Fund invests in Canadian high or investment grade bonds and debentures, and to a lesser extent in corporate preferred and common shares. The bonds mature within 5 years. The benchmark is the FTSE TMX Short Term Bond Index.The Canadian Bond Fund seeks to provide investors with interest income and moderate capital appreciation over the long-term. The fund invests in investment grade Canadian fixed income securities, and does not hold preferred shares or equities. It may also invest in longer-term bonds and hold a larger exposure to corporate bonds and non-rated bonds. The benchmark is the FTSE TMX Canada Universe Bond Index.The Canadian Balanced Fund seeks to equal or exceed the average annual return on equity of Canadian companies. Canadian companies. The asset mix methodology is to weight by yield the asset class having the greatest surety. Equities are selected to reduce valuation, growth, credit, liquidity, and industry risks. Bonds are selected for their high quality and ability to offset the volatility found in equities.The QV Canadian Equity Fund invests in larger companies, typically with market-cap over $1 billion and listed on the TSX. The Fund seeks to exceed the average annual return on equity of Canadian companies, and to exceed the return on the S&P/TSX Composite Index and do so with lower volatility. QVI constructs the Fund to exhibit measurably better value, growth, dividend, and credit characteristics than the benchmark while maintaining broad industry diversification.The Canadian Small Cap Equity Fund invests in Canadian small and mid-cap companies, with market-cap above $100 million and up to two times the upper end of the BMO Small Cap Index. The Fund seeks to exceed the average annual return on equity of Canadian companies, to exceed the return on the BMO Small Cap Index, and do so with lower volatility. The Global Equity Fund invests in companies listed outside of Canada on the world's senior markets. It seeks to outperform the MSCI World Index with lower volatility. The Fund focuses on companies with market-cap, greater than $5 billion. The portfolio offers broad equity, industry and regional diversification.

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Canoe Financial focuses Canadian investments and offers a variety of mutual funds, closed-end funds and flow-through funds designed for long-term investors. The Canoe Bond Advantage Fund/Class invests in Canadian investment grade fixed-income securities, with a focus on corporate bonds. The Canoe Enhanced Income Fund/Class invests in Canadian fixed-income and equity securities. The Canoe Global Income Fund employs a tactical approach to investing in the global credit markets. The Canoe Strategic High Yield Fund/Class invests in high-yield debt securities. The Canoe Canadian Monthly Income Class invests in a mix of Canadian equity and fixed-income securities, US investment grade, corporate and high-yield fixed income securities, preferred stocks and convertible securities or other non-Canadian securities. The Canoe Canadian Asset Allocation Class seeks to provide long-term growth and capital preservation using a balanced investment approach by investing in a mix of Canadian equity and fixed-income securities, and money market instruments. The fund may also invest in gold, gold certificates, silver certificates and certain gold/silver ETFs. The Canoe North American Monthly Income Class invests in high-yielding equity securities and corporate bonds of North American issuers. The Canoe Equity Income Class focuses on diversified investments in Canadian equity and fixed-income securities. The Canoe Equity Class invests in Canadian equity securities but may also invest in gold, gold certificates, silver certificates and certain gold/silver ETFs. The Canoe US Equity Income Class is an equity income portfolio that invests in securities of US issuers. Canoe EIT Income Fund (formerly EnerVest Diversified Income Trust) (TSX: EIT.UN) seeks to maximize monthly distributions relative to risk and maximize net asset value, while building a diversified portfolio, primarily through acquiring and investing in equity and debt securities of royalty and income trusts, corporations, partnerships, or other issuers.

Recent Transactions
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Secure Energy Services, Inc. purchases Ceiba Energy Services, Inc.

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Secure Energy Services, Inc. purchases La Glace & Judy Creek Facilities from Pembina Midstream LP

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Secure Energy Services, Inc. purchases PetroLama Energy Canada, Inc.

Transaction Advisors
Legal Advisor

Advised onSecure Energy Services, Inc. issued Common Stock

Manager

Advised onSecure Energy Services, Inc. issued Common Stock

Underwriter

Advised onSecure Energy Services, Inc. issued Common Stock

Senior Managing Director

Advised onSecure Energy Services, Inc. issued Common Stock

Manager

Advised onSecure Energy Services, Inc. issued Common Stock

Manager

Advised onSecure Energy Services, Inc. issued Common Stock

Advisors & Consultants
Legal Advisor

Partner at Bennett Jones LLP

Legal Advisor

Partner at Bennett Jones LLP

Legal Advisor

Partner at Bennett Jones LLP

Key Stats and Financials As of 2017
Market Capitalization
$1.23B
Total Enterprise Value
$1.73B
Earnings Per Share
$-0.21
Revenue
$2.33B
Net Profit
$-34.2M
EBITDA
$134M
EBITDAMargin
5.76%
Total Debt
$310M
Total Equity
$874M
Enterprise Value Sales
0.74x
Enterprise Value EBITDAOperating
12.87x
TEVNet Income
-50.47x
Debt TEV
0.18x
Three Year Compounded Annual Growth Rate Of Revenue
0.82%
Five Year Compounded Annual Growth Rate Of Revenue
17.73%
Non-Profit Donations & Grants
Suppliers
James Richardson & Sons Ltd. Oil & Gas | Winnipeg, MB

James Richardson & Sons Ltd. engages in international grain trade and agri-food business, energy, real estate, financial services and investments. It offers agriculture and food processing, energy exploration, development and marketing, financial services, and real estate services. The company was founded by James Richardson in 1857 and is headquartered in Winnipeg, Canada.

Gemini Corp. Metal Manufacturing & Products | Calgary, AB

Gemini Corp. engages in the provision of professional services in the field of energy and industrial facilities. It specializes in asset acquisition, environmental and regulatory support, engineering, fabrication construction, maintenance, turnarounds, de-commissioning, reclamation and remediation. It operates through the following segments: Field Solutions, Engineered Solutions, and Environmental Solutions. The Field Solutions segment refers to installation and facility maintenance such as physical construction, upgrade or maintenance of oil and gas facilities. The Engineered Solutions segment relates to design engineering, procurement, project management services from concept to completion of projects. The Environmental Solutions concentrates on providing clients with regulatory and environmental advisory services focused on supporting project initiation and incident response requirements. The company was founded on 1982 and is headquartered in Calgary, Canada.

Competitors
Newalta Corp. Waste Management & Recycling - Calgary, AB

Newalta Corp. engages in the provision of engineered environmental solutions that enable customers to reduce disposal, enhance recycling, and recover resources from industrial residues. It markets its products to oil, natural gas, petrochemical, refining, lead, manufacturing and mining industries. The company operates through the Heavy Oil and Oilfield segments. The Heavy Oil segment processes oilfield-generated wastes, including treatment, water disposal, salt cavern disposal, landfilling, and the sale of recovered crude oil; as well as provides onsite services using centrifugation or other processes for heavy oil producers involved in heavy oil mining and in site production. The Oilfield segment includes the processing of oilfield-generated wastes, including treatment, water disposal, clean oil terminalling, and landfilling; as well as the sale of recovered crude oil and the supply and operation of drill site processing equipment, including solids control and drill cuttings management. It is also comprised of environmental services, including environmental projects, drilling waste management services, and site remediation. The company was founded on July 15, 1980 and is headquartered in Calgary, Canada.

Tervita Corp. Oil & Gas - Calgary, AB

Tervita Corp. provides environmental solutions. It offers waste management, and environmental services that covers the production of lifecycle, from development to reclamation. The company was founded by David P. Werklund and Gordon Vivian in 1979 and is headquartered in Calgary, Canada.