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Bullboard - Stock Discussion Forum Cathedral Energy Services Ltd T.CET

Alternate Symbol(s):  CETEF

Energy Oil & Gas Drilling
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... see more

TSX:CET - Post Discussion

Cathedral Energy Services Ltd > Any thoughts
View:
Post by chicagosky on Dec 17, 2021 4:18pm

Any thoughts

On today? Tax loss selling?
Comment by Fishermanmikey on Dec 17, 2021 6:06pm
Probably shares Valiant received for purchase of their company.
Comment by C32BTT on Dec 17, 2021 7:07pm
I don't think its the shares Valiant received, it's not big enough volume and why would they sell? They're probably more long term oriented investors, so the business fundamentals matter more than superficial market noise.  It's more likely the short term traders are panic selling due to headlines regarding rising covid.  
Comment by chicagosky on Dec 18, 2021 7:43am
Agreed, Not large enough volume for Valiant. I took it as a buying opportunity and bought a few more shares at .35 cents. 
Cathedral Energy Services Ltd
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