Cathedral Energy Services Ltd T.CET

Is it time?

[chicagosky]

For Cathedral's share price to grow? Any thoughts would be appreciated. Thanks in advance.

[LGBrandon]

Insane to think that we are at almost 85 dollar a bbl and CET and ESN are at such a discount... I think once some bigger investors see the value they will bring the volume.  Some volume could really move this stock a lot and usually the services lag behind the majors if you look at HWO,ESI look for them to make strong runs in the next year.

[chicagosky]

Agreed, I believe CET has what it takes and believe the larger investments are coming. I can't be the only guy buying right now am I? as it still seems like a bargin to me.

[LGBrandon]

I have bought a lot at the bottom and averaged down very heavily. Most people with big positions also believe the same as they aren't selling either. I would guess there are many people under water in this company at current price clearly.

[chicagosky]

Correct, I have been buying / investing in CET for many years. it's been a long road for sure but now seems like the time the patience and holding is going to reap rewards. 

[C32BTT]

The last time oil prices hit $80/bbl in 2018 CET was trading at $1.85 and then oil prices crashed along with CET Shares.  Now, oil seems more stable at $86/bbl and CET is trading at a fraction of what it was trading before at similar oil prices.  Looking at PHX as a good comparable its current share price has surpassed it's 2018 share prices, in that regard CET is very cheap still

[LGBrandon]

It will come once the price gets to a place people think it's worth moving some of their shares. 

[auburn2]

Shares outstanding in 2018: 49 million. Shares outsanding now is way higher. Not at all the same deal when you buy shares today vs in 2018. No use making a direct comparison.

[C32BTT]

True, I don't disagree with you on that. But, you can look at historically what market capitalization the company traded at when the company was much larger and when oil prices were in the range of $80-90+/bbl to see the potential undervalution.  During that time, the company use to be in the range of $150-300 million market capitalization with revenue in the $160-200 million+, so even