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Bullboard - Stock Discussion Forum
Cathedral Energy Services Ltd
CETEF
Primary Symbol:
T.CET
Energy
Oil & Gas Drilling
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.
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TSX:CET - Post Discussion
Cathedral Energy Services Ltd
> PHX Performance
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auburn2
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Post by
auburn2
on Sep 30, 2020 1:11pm
PHX Performance
Another directional driller in US basins, PHX is now as high as it's been since early June. Last trade $1.55, $81 million market cap.
(91)
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auburn2
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Comment by
auburn2
on Sep 30, 2020 1:16pm
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
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