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ACT Energy Technologies Ltd T.ACX

Alternate Symbol(s):  CETEF

ACT Energy Technologies Ltd., formerly Cathedral Energy Services Ltd., is a Canada-based energy company. It is a partner to North American energy companies requiring high-performance directional drilling, measurement while drilling (MWD) and rotary steerable services, as well as in providing remote operations. It operates in Canada and in the United States as Altitude Energy Partners, and in the United States under Discovery Downhole Services and Rime Downhole Technologies. The Altitude Energy Partners specializes in providing solutions for the energy sector. Its directional drilling services includes mud motors, rotary steerable system (RSS), measurement while drilling (MWD), and real-time operations. The Discovery Downhole Services specializes in providing drilling solutions to meet clients' needs. The Rime Downhole Technologies is an engineering company specializing in crafting products for the downhole MWD industry. Its services include rentals, training, maintenance, and repairs.


TSX:ACX - Post by User

Bullboard Posts
Post by drrwhalenon Jan 15, 2014 11:12pm
682 Views
Post# 22097087

Busy time of year

Busy time of yearRumor has it Cathedral is flat out in both US and Canada, and more work coming down the pipe.
hiring more people buying more equipment, everything is in the field.
Q1 for all services are going to be better then the banks anticipate, 70+ more rigs running in Canada compared to last year, economy bottomed and showing signs of  growth, canada dollar dropping, exports look attractive, TSX being resource base will have a good year, 

perfect storm, get in now to get the best price, because things are going to climb from here.
Bullboard Posts