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New Sanjel cautious amid signs of energy recovery Add to ...

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It should come as little surprise that a company that emerged only recently from one of the biggest flame-outs of this oil-patch downturn is stepping gingerly.

Sanjel Energy Services provides some very specialized tasks for oil and gas drilling, especially compared to the former Sanjel Corp., which was broken up in creditor protection last spring, its assets split among Canadian and U.S. private-equity firms at fractions of their onetime book value.

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