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Cathedral Energy Services Ltd T.CET

Alternate Symbol(s):  CETEF

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.


TSX:CET - Post by User

Comment by auburn2on Aug 14, 2020 11:17am
101 Views
Post# 31408593

RE:RE:RE:RE:one line says it all in press release

RE:RE:RE:RE:one line says it all in press releaseRegarding MCB, there's about $13 million more shareholders' equity here even after a series of impairments that can quickly reverse in a better market, and a significantly lower market cap. Much more leverage to improving conditons as evidenced by the climb to over 28 cents in early June, where shares for sale even at those levels were hard to come by. If you aren't following their LinkedIn page, you should be. CET cleared out the debt already in this bear market through the sale of a non-core division an an equity financing that ultimately saw the stock hit $2, where it troughed during the 2008 crisis before eclipsing $10. Debt now is very low. It's reasonable to trade at fractions of book values depending on debt loads and market conditions.
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