ACT Energy Technologies Ltd T.ACX

Thoughts on earnings???

[chicagosky]

Interested to hear ones thoughts on the Q3 earnings? Seems like a step in the right direction for this company !  Ty

[nozzpack]

It's recent acquisitions along with inflationary pressures on all sectors including energy is creating a niche for CET that it is beginning to dominate at 17.7 % of the market. We have just seen part of the third quarter influenced by this transformation but going forward we are going to to about $45 million per quarter. My initial valuation is $1.25 per share..

[chicagosky]

I agree, thank you. Do you foresee a dividend reinstatement possible for this company?

[C32BTT]

I thought the results were surprisingly good.  They're definitely heading in the right direction.

[chicagosky]

Agreed. What is your thoughts on a possible dividend reinstatement for this company ? Much appreciated.

[C32BTT]

It depends on how strong the balance sheet is and how well the company builds up cash balance through its operations.  You can look at PHX as an example of where CET needs to go before it can start reinstating dividends.  As long as the oil price stays around where it current is and demand remains strong I think there is going to be higher demand for the energy services, which should