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Bullboard - Stock Discussion Forum
ACT Energy Technologies Ltd
T.ACX
Alternate Symbol(s):
CETED
Energy
Oil & Gas Drilling
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...
the United States under Discovery Downhole Services and Rime Downhole Technologies. The Altitude Energy Partners specializes in providing solutions for the energy sector. Its directional drilling services includes mud motors, rotary steerable system (RSS), measurement while drilling (MWD), and real-time operations. The Discovery Downhole Services specializes in providing drilling solutions to meet clients' needs. The Rime Downhole Technologies is an engineering company specializing in crafting products for the downhole MWD industry. Its services include rentals, training, maintenance, and repairs.
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Bullboard (TSX:ACX)
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Possibleidiot01
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Comment by
Possibleidiot01
on Aug 14, 2020 11:00am
RE:RE:RE:one line says it all in press release
You are making some good points ; to put it simply the news release gives readers hope and caution. Years, back , I invested in a company , Gasfrac Services bought by Step Energy in 2015
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auburn2
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on Aug 14, 2020 10:26am
RE:RE:one line says it all in press release
"Cathedral’s management team has navigated through previous downturns and we expect to do the same this time." "Operationally, our team has been executing on our Better Performance
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auburn2
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Comment by
auburn2
on Aug 14, 2020 10:10am
RE:one line says it all in press release
Market 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
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Possibleidiot01
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Post by
Possibleidiot01
on Aug 14, 2020 7:37am
one line says it all in press release
"it could negatively impact Cathedral's ability to continue ongoing operations." Second line adds to that -"Subject to market conditions and actual results, it is possible
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