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November 28, 2015 12:04 PM ET

Commercial Services and Supplies

Company Overview of Ceiba Energy Services Inc.

Company Overview

Ceiba Energy Services Inc. provides specialized environmental services primarily to the companies involved in the exploration, extraction, and production of oil and natural gas in western Canada. The company owns and operates custom treating, water disposal, and waste fluid disposal facilities in Alberta. It offers crude oil emulsion treatment, clean oil terminalling, storage and marketing of crude oil, and produced water and waste fluid processing and disposal services. The company was formerly known as Cancen Oil Canada Inc. and changed its name to Ceiba Energy Services Inc. in July 2013. Ceiba Energy Services Inc. was incorporated in 2010 and is headquartered in Calgary, Canada.

521 – 3rd Avenue SW

Suite 910

Calgary, AB T2P 3T3


Founded in 2010

26 Employees





Key Executives for Ceiba Energy Services Inc.

President and Director
Total Annual Compensation: $236.2K
Chief Financial Officer and Corporate Secretary
Total Annual Compensation: $97.5K
Chief Operating Officer and Director
Total Annual Compensation: $235.8K
Senior Vice President of Sales and Business Development
Total Annual Compensation: $203.5K
Compensation as of Fiscal Year 2014.

Ceiba Energy Services Inc. Key Developments

Ceiba Energy Services Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Ceiba Energy Services Inc. announced earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company's revenue was CAD 1.9 million compared with CAD 1.8 million a year ago. Revenues were negatively impacted by lower pricing for recovered oil and the overall volume decline as a result of the industry slowdown. Adjusted EBITDA was CAD 0.5 million compared with CAD 0.5 million a year ago. The company reported loss before income tax of CAD 294,000 in the quarter compared to a loss before income tax of CAD 1,110 in the third quarter of 2014, an improvement of CAD 816,000 (74%). EBITDA was CAD 0.13 million compared with EBITDA loss of CAD 0.47 million a year ago. For the nine months, the company's revenue was CAD 5.6 million compared with CAD 4.9 million a year ago. Adjusted EBITDA was CAD 1.0 million compared with CAD 0.83 million a year ago. Revenue was positively impacted by the increased volume of higher margin services at Chamberlain and the opening of the Gordondale 1B waste water facility in late August, 2015. EBITDA loss was CAD 0.11 million compared with CAD 0.77 million a year ago.

Ceiba Energy Services Mulls Acquisitions

Ceiba Energy Services Inc. (TSXV:CEB) is looking for acquisitions. The company indicated that it continues to assess and evaluate acquisition opportunities that are both complimentary to the existing asset base and are accretive to the five-year business plan.

Ceiba Energy Services Inc. to Report Q3, 2015 Results on Nov 19, 2015

Ceiba Energy Services Inc. announced that they will report Q3, 2015 results on Nov 19, 2015

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