Ave Maria Focused Fund's Chadd Garcia on misreading waste-focused $SES.TO as energy services
NOV 15, 202446 MIN
Ave Maria Focused Fund's Chadd Garcia on misreading waste-focused $SES.TO as energy services
NOV 15, 202446 MIN
Description
<p>Chadd Garcia, Portfolio Manager and Senior Research Analyst at Schwartz Investment Counsel Inc. - Ave Maria Focused Fund, joins the podcast for his third appearance to share his thesis on SECURE Energy Services Inc. (TSX: SES), a leading waste management and energy infrastructure company.</p>
<p>Chapters:</p>
<p>[0:00] Introduction + Episode sponsor: Daloopa</p>
<p>[1:48] What is Secure Energy Services $SES.TO and why is it interesting to Chadd</p>
<p>[4:56] What is Chadd seeing with $SES.TO that the market is missing</p>
<p>[6:46] $SES.TO's recent run-up, catalysts, acquisitions</p>
<p>[15:53] Risk that Western Canada is drilling a lot less oil in the future</p>
<p>[19:15] Capital allocation / changing the corporate name</p>
<p>[24:58] Continue aggressive buy-backs or focus on tuck-in acquisitions</p>
<p>[29:30] Customer insourcing potential</p>
<p>[31:40] Waste processing facilities, waste businesses; why haven't people picked up on this aspect of the story thus far</p>
<p>[36:00] Bought a lot of assets in distress; what has happened that drives those assets in distress that's not a risk here?</p>
<p>[37:46] Separation of businesses argument</p>
<p>[40:55] Scenarios for why $SES.TO thesis doesn't work out / final thoughts</p>
<p>Today's sponsor: Daloopa</p>
<p>Hey there, fundamental analysts - Are you tired of the endless grind of updating financial models, scrubbing documents, and hard coding? Let’s talk about something that could transform your workflow—Daloopa.</p>
<p>Daloopa delivers perfect historicals for thousands of public companies. That means every KPI, operating data, financial metric, adjustment, and guidance—all at your fingertips. And here’s the best part: Daloopa updates your models in near real-time, which is especially important during earnings season, tailored to your modeling format and style.</p>
<p>Imagine never having to update your models again. With Daloopa, you can reclaim your time and focus on what really matters—analysis and research.</p>
<p>Want to learn more? Create a FREE account at <a href="https://daloopa.com/YAV" target="_blank" rel="ugc noopener noreferrer">Daloopa.com/YAV</a></p>
![<p>Chadd Garcia, Portfolio Manager and Senior Research Analyst at Schwartz Investment Counsel Inc. - Ave Maria Focused Fund, joins the podcast for his third appearance to share his thesis on SECURE Energy Services Inc. (TSX: SES), a leading waste management and energy infrastructure company.</p>
<p>Chapters:</p>
<p>[0:00] Introduction + Episode sponsor: Daloopa</p>
<p>[1:48] What is Secure Energy Services $SES.TO and why is it interesting to Chadd</p>
<p>[4:56] What is Chadd seeing with $SES.TO that the market is missing</p>
<p>[6:46] $SES.TO's recent run-up, catalysts, acquisitions</p>
<p>[15:53] Risk that Western Canada is drilling a lot less oil in the future</p>
<p>[19:15] Capital allocation / changing the corporate name</p>
<p>[24:58] Continue aggressive buy-backs or focus on tuck-in acquisitions</p>
<p>[29:30] Customer insourcing potential</p>
<p>[31:40] Waste processing facilities, waste businesses; why haven't people picked up on this aspect of the story thus far</p>
<p>[36:00] Bought a lot of assets in distress; what has happened that drives those assets in distress that's not a risk here?</p>
<p>[37:46] Separation of businesses argument</p>
<p>[40:55] Scenarios for why $SES.TO thesis doesn't work out / final thoughts</p>
<p>Today's sponsor: Daloopa</p>
<p>Hey there, fundamental analysts - Are you tired of the endless grind of updating financial models, scrubbing documents, and hard coding? Let’s talk about something that could transform your workflow—Daloopa.</p>
<p>Daloopa delivers perfect historicals for thousands of public companies. That means every KPI, operating data, financial metric, adjustment, and guidance—all at your fingertips. And here’s the best part: Daloopa updates your models in near real-time, which is especially important during earnings season, tailored to your modeling format and style.</p>
<p>Imagine never having to update your models again. With Daloopa, you can reclaim your time and focus on what really matters—analysis and research.</p>
<p>Want to learn more? Create a FREE account at <a href="https://daloopa.com/YAV" target="_blank" rel="ugc noopener noreferrer">Daloopa.com/YAV</a></p>](https://us-central1-podcastguru-217d6.cloudfunctions.net/gcf_get_image?image_url=https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/33145623/9ee77c24427faa04.jpeg&width=300&height=300&api_key=xqFmUFX5BHLBTA)