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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.


TSX:ACX - Post by User

ACT Energy Technologies Ltd
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Comment by auburn2on Sep 25, 2020 5:14pm
98 Views
Post# 31624045

RE:RE:RE:Continued strength by TCW and PHX

RE:RE:RE:Continued strength by TCW and PHXActually was wrong about PHX being debt-leveraged. The latest financials look really clean with no-long-term debt. Total equity is $144 million. CET's total equity is at $54 million in the latest financials. I like both, but no longer hold a PHX position.
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