Q: Hi Peter and Team,

Can you please provide thoughts on investing in CES Energy Solutions CEU as a long term play on growth in volume in the energy sector rather than counting on just the commodity price like producers do?

They appear to be doing well, getting added to Dividend Aristocrat index in February but I see a bit of mixed signals in the comparison of cashflow and net income this year vs. last even though revenues are growing.

Thanks!

Q: I’m hoping you may be able to identify a top 10 list of O&G-adjacent companies that could be considered the sector’s “pick-and-shovel” CO’s that could benefit from medium and long term production increases and not so dependant on the commodity price increasing such as what O&G producers are. If possible, please rank from highest to lowest conviction for stock price appreciation over the next 5 years. Thank you.

Q: Hi, I don’t think I worded my recent question about the energy/mining sector very well. I was looking for some ancillary type company suggestions, like the company that supplies the sand for fracking or provides well services or repairs or leases the mining equipment or is going to build the roads to remote mines…that kind of thing. I guess anything that might be on your radar or comes to mind as an opportunity in that space broadly.