CES Sees Need For Some OFS Competition To Self-Destruct; CEWS Helps Company In Q3

CES Energy Solutions Corp. is letting some of what it sees as its more irresponsible competitors self-destruct, because unless there is attrition of those firms that would, for example, use their own balance sheets and “work on the cheap” to subsidize large oil companies, then the whole oilfield services space will keep feeling margin pressure.

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