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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

Post by jenkinjton Feb 21, 2022 2:46pm
412 Views
Post# 34448247

Will the Shares keep Rising?

Will the Shares keep Rising?Certainly glad I held on when the stock hit 10c...Plummeting oil/gas prices and the Pandemic hit them hard. I see Mr. Maxwell has purchased nearly 4 million shares in the last 6 months, natural gas price is strong and they have absorbed 3 other companies in the last year. Not sure how the analyst rating is "STRONG BUY" with no analysts reporting! Cathedral has snapped up bargains which complement its' assets and added to the company's value significantly.
The company has always had a very strong balance sheet, which is why Benj Gallander loaded up at $1.95 (and then bailed at .12 !!! Kudos to all who hung in !!! I suspect most bought in at considerably higher prices than even current levels). They seem to be on a rebound with good reason. 100M shares is not all that much and they don't have much debt. If gas prices stay up $2.00 is quite doable.. Best of Luck to All
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