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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 Sep 30, 2020 1:16pm
103 Views
Post# 31642448

RE:PHX Performance

RE:PHX Performance
82 million market cap at $1.55 actually. It goes to show the enormous mathematical leverage potential when buying a stock with a market cap of only $6 million like CET at 12 cents. Wilks paid $1.71: https://www.newswire.ca/news-releases/wilks-brothers-llc-acquires-common-shares-of-cathedral-energy-services-ltd-660860653.html

Even at that price the market cap is only $84 million, yet that represents at 14X gain from 12-cent levels.
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