Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 C32BTTon Apr 15, 2021 8:38pm
184 Views
Post# 33008487

RE:RE:CET Q4 ,2020

RE:RE:CET Q4 ,2020Compared to PHX this company has a much more concentrated major customer reliance rather than spread across many customers, which is the major cause for the large drop in revenue.  I read that it was something a long the lines of 29% compared to 9% for PHX.  So, if the company can sell their product/service better to more customers rather than one major csutomer it should definitely improve the company's financials.  Compared to PHX which is price about fair value currently at 1:1 BV this company is severely under BV and if it shows improved results in anyway the share price could appreciate dramatically.  At the current price, there is a lot of room to run up when things start to improve within the company, industry, and the economy.  
<< Previous
Bullboard Posts
Next >>