Jennings Capital has initiated coverage on Ceiba Energy Services (TSXV: CEB) dailymotion.com/investmentpitch

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Analyst Russell Stanley gives the company a speculative buy recommendation and a 12-month target price of $1.25, a premium of 108% to the $1.08 price on August 27th when the report was issued. Ceiba currently provides custom treating of oil emulsion and disposal of produced water.