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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 Jun 13, 2023 2:33am
175 Views
Post# 35492992

RE:Soooo many warrants cashed in , everyone dumping them

RE:Soooo many warrants cashed in , everyone dumping themIt's not just this stock that's getting hit hard.  Look at PHX and the other oilfield servicing companies they're all down from their Jan 2023 highs.  For example, PHX went from $9.02 to its recent price of $5.69, so CET going from $1.52 to $0.63 seems reasonable.  Maybe a little lower than it should be, but PHX pays a dividend, which I think is the reason it's holding on a little better than CET.  People should just focus on the fundamentals and have a longer-term view.  Not sure how low it'd go, but does anyone really think it's going back to $0.06 like when everything completely closed down? Probably not.  People just projecting recession and fear.

Just curious where you getting the warrant information from?

Bought by a bigger company? That's always a possiblity if it continues to trade low like this, but I guess it would need approval from major shareholders like the Wilks brothers.  Maybe Wilks brothers can buy CET like how they tried to buy the other Canadian oilfield services companies.  Not really sure why they haven't tried since they already own a large share.
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