SECURE Waste Infrastructure Corp. (TSX: SES) - Swing Trade

🏢 Company Snapshot

SECURE Waste Infrastructure Corp. (TSX: SES) is a Canadian waste-management and energy-infrastructure company servicing upstream oil & gas and industrial clients. It operates in waste-processing, produced-water disposal, landfills and mid-stream oil infrastructure. The company is gaining attention amid modest oil-patch recovery + steady infrastructure demand.

📊 Fundamentals

P/E: ~21× (trailing)
— modestly elevated relative to slower growth peers.

P/B: ~4.7–4.9×
— suggests market is paying for growth or operational leverage.

Debt/Equity: ~1.23×
— moderate leverage for industrial/waste‐midstream business.

ROE: ~21%
— respectable profitability given industry.

Dividend Yield: ~2.2%
— more income + growth than pure yield play.

Summary: Sound balance sheet with decent profitability; valuation shows market is pricing in growth but also some execution risk.

📈 Trends & Catalysts

Revenue growth: TTM ~ +3% on CAD 10.34 B revenue
— growth is sluggish but stable.

EPS/Profitability: Net income ~CAD 197 M, ROE ~21%
— margin remains very thin (~2% net)

Balance sheet: Debt manageable but book value modest; free-cash-flow → positive ~CAD 207 M


Catalysts: Upcoming Q3 earnings due around Oct 30 2025 ; stable oil-field service demand, waste-regulation tailwinds could help; share buy-back history and modest dividend.

Risks: Low growth environment, thin margins, leverage risk if oil-service downturn; valuation leaves less margin for error.

🪙 Industry Overview

Weekly performance: the broader industrial/waste‐infra sector in Canada has been up modestly; SES up ~+28% over last 12 months

12-month trend: SES out-performing several peers in waste/infra space.

Sentiment: Neutral / Cautiously Bullish — the business model is attractive but execution and macro dependencies (oil-services) limit upside.

📐 Technicals

Price ≈ CAD 17.70–18.00.

50-SMA ≈ ~17.40, 200-SMA ≈ ~15.50.

Price sits just above its 50 SMA, above 200 SMA — indicating medium-term support is intact.

RSI(2): 7.16 —oversold (Signal for STrategy)

Pattern: The stock has consolidated between ~15.30-18.50 for several weeks; recent breakout attempt into upper range.


Support: CAD 15.30–16.60.

Resistance: CAD 18.10–18.50 zone (52-week high ~21.15)

🎯 Trade Plan

Entry Zone: CAD 16.60–17.20 on pullback to support or breakout above 18.00.

Stop Loss: CAD 15.20 (clear break of support).

Target: CAD 19.50 (initial) → CAD 21.00 (extended)

Risk/Reward: ~2.5× at initial target

Alternate Setup: If breakout above ~18.00 with volume, enter at 18.10–18.30 with stop ~17.45 and target ~21.00.

🧠 My Take

This is a moderate bullish swing setup. SES offers a structurally solid business with steady cash flow, reasonable profitability and a supportive technical base. The key is entering near support or on a clean breakout with volume. With risk defined and reward decent, it's suitable for a 1–10 day swing trade — but given the modest growth backdrop, patience and disciplined stop management are crucial.