Cathedral Energy Services Ltd T.CET

Compass Directional

[Possibleidiot01]

You would think with the sector being so hot that they would be paying more ofr the companies they purchase.

"Cathedral expects the cash flow generated from the Transaction to pay back the Company's initial investment in approximately 2.5 years, which is in line with other recent acquisitions."

[C32BTT]

The energy market is hot, but I think the smaller companies in the industry still aren't fetching the values many of the larger companies get.  It's good for CET that they aren't paying premium for their acquisitions.  Like, CET with the recent bought deal financing ends up with a much higher bookvalue of $0.55/share and now trades at 1.07 to book, but a company like PHX