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Bullboard - Stock Discussion Forum ACT Energy Technologies Ltd T.ACX

Alternate Symbol(s):  CETED

ACT Energy Technologies Ltd., formerly Cathedral Energy Services Ltd., is a Canada-based energy company. It is a partner to North American energy companies requiring high-performance directional drilling, measurement while drilling (MWD) and rotary steerable services, as well as in providing remote operations. It operates in Canada and in the United States as Altitude Energy Partners, and in... see more

Bullboard (TSX:ACX)

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Post by Notgnuon Oct 21, 2020 3:05pm

Auburn2 / Adonis1411

Thank you for the informative discussion here. I have accumulated a small CET position, hold quite a bit of both HWO and TOT along with medium position in WRG You both seem pretty well informed. What ...more  
Post by auburn2on Oct 20, 2020 3:47pm

TCW - New 52-Week High - Strength Seen Also in ESN and HWO

Money is flowing back into the services sector.
Comment by auburn2on Oct 19, 2020 5:37pm

RE:RE:RE:RE:TCW's Stock Is at January Highs

A good reply in some respects, but CET had more leverage than most others during the June run-up where it 28 cents and accumulation at those levels was difficult because the stock is tightly held and ...more  
Comment by Adonis1411on Oct 19, 2020 1:24pm

RE:RE:RE:TCW's Stock Is at January Highs

I suppose my general comment is that your perspectives on CET are focused on what they have done, not what they are doing. In my opinion, CET is losing market share, has shown to be less ...more  
Comment by auburn2on Oct 16, 2020 4:47pm

RE:RE:TCW's Stock Is at January Highs

CET's technology is very good as evidenced by the continual records recorded on the performance page and on their LinkedIn page. They're also receiving meaningful aid from both US and ...more  
Comment by Adonis1411on Oct 16, 2020 1:27am

RE:TCW's Stock Is at January Highs

lol... Not trying to be a troll, but can you give me one good reason why Trican would want to get into directional drilling? Zero synergy with what they do today and selling to completely ...more  
Post by auburn2on Oct 13, 2020 3:10pm

A Quick Refresher on the Latest Balance Sheet

$24.58 million of current assets. Just $6.31 million of current liabilities. Long term debt is only $5.94 million. Shareholders' equity still is $54 million after all the recent impairments. They& ...more  
Post by auburn2on Oct 13, 2020 2:29pm

TD Accumulation in October

463,043 bought through TD since October 1.
Comment by auburn2on Oct 13, 2020 2:10pm

RE:RE:TCW's Stock Is at January Highs

I take it you've sold your position? I haven't, and I have the patience to wait out a recovery. The balance sheet is better than the vast majority in this sector. I had a talk with the CEO and ...more  
Comment by PinnacleXon Oct 11, 2020 11:45pm

RE:TCW's Stock Is at January Highs

Are you really this dumb?  this company is going out, there is a handful still working .  Why would they do that when they can pick up the left overs for nothing. 
Post by auburn2on Oct 08, 2020 12:30am

TCW's Stock Is at January Highs

If Trican wants to get into directional drilling, now is the time to pounce on CET in an all-stock takeover. The equivalent of 60 to 70 cents should do it. At 70 cents that's only $34 million ...more  
Comment by auburn2on Sep 30, 2020 1:16pm

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 ...more  
Post by auburn2on 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.
Comment by auburn2on Sep 25, 2020 5:28pm

RE:RE:RE:RE:Continued strength by TCW and PHX

So on that equity metric for CET to be trading at half its shareholders' equity like PHX it, it would have to appreciate in price 4.5X from a market cap of $6 million to $27 million. This could be ...more  
Comment by auburn2on Sep 25, 2020 5:14pm

RE:RE:RE:Continued strength by TCW and PHX

Actually was wrong about PHX being debt-leveraged. The latest financials look really clean with no-long-term debt. Total equity is $144 million. CET's total equity is at $54 million in the latest ...more  
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