Topic: How To Invest

Q: Pat, thanks for all your help in these volatile times! What do you think of Secure Energy Services as a stock to buy?

Article Excerpt

A: Secure Energy Services Inc., $16.23, symbol SES on Toronto (Shares outstanding: 236.6 million; Market cap: $3.9 billion; www.secure-energy.com), is a waste management and energy infrastructure business. Headquartered in Calgary, Secure Energy operates through two segments: Waste Management includes a network of waste processing facilities, water pipelines, industrial landfills, waste transfer stations, metal recycling facilities, and specialty chemicals. Through the network, the company processes, recovers, recycles and disposes of waste generated by its energy and industrial customers. Services include wastewater disposal, plus hazardous and non-hazardous waste processing and transfer. They also include the treatment of crude oil emulsions, metal recycling, drilling waste management and specialty chemicals. Energy Infrastructure includes a network of crude oil gathering pipelines, terminals, and storage facilities. Through this network, the company transports and stores crude oil. This segment has two business lines: energy infrastructure, and oil purchase and resale. Energy infrastructure’s processing facilities help customers to process or treat their crude oil for shipping. The segment’s oil purchase and resale service also…