Cathedral Energy Services Ltd T.CET

somebody check my math ?

[Possibleidiot01]

Cathredral pays $6,350,000 for PD's assets.
PD invests $3 million back
plus 2,000,000 common shares of Cathedral at a price of $0.60 per common share within a two-year period after closing for a 19.6% ownership interest.
So in the end, PD invests $4.2 million ( ignoring the sold assets which would have been non core).

Company worth $28.37 million at a share price of 45 cents.
The best thing about this is Cathredral gains some scale , has more money to expand  sales and their technology is validated.

[jenkinjt]

I agree that this shows Cathedral is top player in this field and the next couple of years should have good returns. Price of oil now over $70 US, natural gas supplies are pretty low.... the move to green is chugging along but still a couple of decades of fossil fuel to go.   

[C32BTT]

Not too sure about your math part.  I find it quite hard to parcel out certain aspects of the transaction, but I think PD invested $3,000,000 for what in return I'm not quite sure.  Maybe for the strategic alliance? or maybe "Additionally, the Transaction is expected to enhance margins as expenses related to rental equipment used by Precision are replaced with proprietary