RE:RE:RE:RE:RE:Robert Tattersall in Globe and MailGood post. Agreed ESN has been producing better EBITDA results. CET's share count exploded in early 2017, but I don't hold that against them because it was done at $1.12/share:
CALGARY, Feb. 15, 2017 /CNW/ - Cathedral Energy Services Ltd. ("Cathedral" or the "Company") (TSX:CET) is pleased to announce the closing of its previously announced bought deal public offering of 11,500,000 common shares of the Company at a price of $1.12 per share, which includes 1,500,000 common shares pursuant to the exercise in full of the over-allotment option, for gross proceeds of $12,880,000 (the "Offering"). Concurrent with the closing of the Offering, certain directors and officers of Cathedral purchased a total of 1,116,071 common shares at a price of $1.12 per share on a private placement basis for gross proceeds of approximately $1,250,000 (the "Concurrent Private Placement"). The gross proceeds from the Offering and Concurrent Private Placement totaled approximately $14,130,000.
https://cathedralenergyservices.mediaroom.com/2017-02-15-Cathedral-Energy-Services-Ltd-Announces-Closing-of-Bought-Deal-Financing-Including-Exercise-in-Full-of-the-Over-Allotment-Option