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CS - CES Energy Solutions confident in ability to weather storm - April 2020

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CES Energy Solutions, which supplies drilling fluids, production and specialty chemicals to the WCSB and major US basins, said it is reviewing planned expenditures and will adjust as necessary for current market conditions. It previously expected 2020 capex to be at or below 2019 levels of $45.25 million. An immediate change the company will make is reducing its dividend from an annualized $16 million to $4 million, or $0.015/share. The $12 million difference will......
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