ACT Energy Technologies Ltd T.ACX

Alternate Symbol(s): CETEF

Energy Oil & Gas Drilling

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.

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ACT Energy Technologies Ltd

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Comment by LuckyLuchon Aug 31, 2017 11:06am

163 Views

Post# 26642045

RE:RE:RE:RE:RE:RE:RE:Someone is buiding a size position

With zero net debt, improving crude fundamentals...no way would mgt. sell for less than 1.5x book val= around 3 cad. We have seen a pickup of m+a over the past several weeks...Transocean, Nabors(2 deals now), Trinidad...several more private mkt deals. Get WTI, sustained over $55 and it will unleash a wave of m+a both in Canada and USA.