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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
Comment by LuckyLuchon Oct 31, 2016 8:48pm
2004 Views
Post# 25408218

RE:RE:Target $1

RE:RE:Target $1
Valuation on CET looks very tempting @ .18x book val, but not a whole lot of breathing room on the debt cap coming down into Q1 2017.  EEN CN and LII CN are two name which I was surprise to see get taken out, any of the LT holders have anything new to add?  Any chatter ab out who 1st Energy might be shopping them 2 ?
Bullboard Posts