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

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TSX:CET - Post Discussion

Cathedral Energy Services Ltd > Soooo many warrants cashed in , everyone dumping them

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Post by jenkinjt on Jun 12, 2023 9:56pm

Soooo many warrants cashed in , everyone dumping them

Amazing how this stock has crashed... all those warrants cashed in ( what were they bought for ? 0.22 cents?) and now everyone selling for a quick profit... How low will this stock go... needs someopne good at the helm to bring it back... Or will they be bought up?

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Comment by lithiumftw on Jun 13, 2023 12:42am

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Comment by C32BTT on Jun 13, 2023 2:33am

It'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 ...more

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Cathedral Energy Services Ltd