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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 C32BTTon Dec 03, 2020 8:16pm
100 Views
Post# 32034141

RE:RE:RE:RE:Forward Thinkers Vs Those Who See Only Present Realities

RE:RE:RE:RE:Forward Thinkers Vs Those Who See Only Present RealitiesYou both have good points.  I'd just like to add CET in comparison to some other OFS companies seem cheaper in terms of the current trading price compared to their bookvalues.  Currently, CET trades at $0.15/$0.97=15% of BV, PHX trades at $1.96/$2.66=73% of BV, TCW trades at $1.34/$2.01=66%, and CFW has a negative BV of -$0.56 yet it still trades at $0.305.  All those companies are losing money, some have no debt like CET and some with debt, and some have lots of cash and some don't, but irregardless it seems many are trading higher than CET.  The question is should CET be trading at it's current price because if its economics or higher? At 15% seems rather low.
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