BUBBLING UNDER

Clearstream Energy Services Inc. just fell out of the FP500, falling 32 spots to No. 501, as the Calgary-based oilpatch services provider’s revenue dropped 15.3% to $393.1 million. There are, however, some positive signs in the energy sector. Both oil and natural gas prices are recovering and even though the second and third waves are constricting growth, the company expects it “will start to recover in the second half of 2021,” CEO Yves Paletta said in a fourth-quarter earnings release. “However, as a sector, we can expect to be in a lower growth operating model for the conceivable future.” Yellow Pages Ltd., which occupied the same spot last year, continued its downward slide to No. 534. Revenue at the Montreal-based company, which bills itself as a digital media player, fell 17.3% in 2020 to $333.5 million, after falling 30.1% to $403.2 million a year earlier.