RE:RE:RE:RE:TCW's Stock Is at January HighsA 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 can move very quickly.
The market cap is tiny, the debt is tiny, current assets are abundant, and they've been delivering very strong performance results particularly in the Permian. Wilks out of Texas knows the business inside and out, and wouldn't have bought shares at $1.71 if the technology and tools were not worth his money.
The other names you mention aren't really comparable because even PHX has an enormously larger market cap. For quick comparisons I like to consider balance sheet strength, EBITDA, shareholders' equity, market cap, and enterprise value.
A good quick comparison is taking shareholders' equity and dividing it by the market cap. In CET's case it's 54 million divided by 5.6 million for a ratio of 9.64. Now how do the other names compare to this ratio?
The other thing to consider is how easily a 5.6 million market cap can multiply as soon as money flows back into this sector. It's inherently easier to triple a tiny market cap than a larger one, assuming the tiny market cap company is viable with a strong balance sheet, which is true in the case of CET.