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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 Oct 22, 2020 10:20pm
91 Views
Post# 31769682

RE:Auburn2 / Adonis1411

RE:Auburn2 / Adonis1411I had a look over TOT's fiancials, and you can't go wrong there if you have a patient time frame, but I see better value in the lower liquidity names. For your own DD, take shareholders' equity divided by market cap and compare the various names, and then do a subjective comparison after thinking about the balance sheet and cash flow statements. When money flows back to this sector, assuming it does over the next 16 months, CET will fly, and quickly be a $2 stock. That's well over a 15X return from these levels.
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