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Cathedral Energy Services Ltd CETEF


Primary Symbol: T.CET

Cathedral Energy Services Ltd. is a Canada-based company, which operates in the United States (U.S.) under Discovery Downhole Services, a division of Cathedral Energy Services Inc., Altitude Energy Partners, LLC and Rime Downhole Technologies, LLC. The Company is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in Western Canada and the U.S. Its services include directional drilling, drilling optimization, well planning and automated gamma services (AGS) and remote drilling. Its products include nDURANCE MOTORS, Measurement While Drilling (MWD), FUSION and RapidFire. Its MWD sensors collect data used to determine basic trajectory parameters, such as inclination, direction, and tool-face orientation. Its FUSION family OF MWD tools include FUSION Dual Telemetry (DT), FUSION WPR (Wave Propagation Resistivity), FUSION Gamma Ray (GR) and The Hawk. Its RapidFire family of MWD tools include RapidFire Pulse and RapidFire DT.


TSX:CET - Post by User

Comment by auburn2on Aug 14, 2020 10:10am
100 Views
Post# 31407962

RE:one line says it all in press release

RE:one line says it all in press releaseMarket cap is $6 million. Current assets well in excess of current liabilities. Very low long-term debt. Aggresive cost cutting measures. The stock eclipsed $10 coming out of the 08 financial crisis albeit at that time it bottomed at just $2. That $2 trough was hit in late 2017 after the financing with Wilks. Most of the sector is much worse off than CET. Apart from ESN and HWO, which relative peers have better balance sheets?
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