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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

Comment by C32BTTon Apr 15, 2021 8:38pm
212 Views
Post# 33008487

RE:RE:CET Q4 ,2020

RE:RE:CET Q4 ,2020Compared to PHX this company has a much more concentrated major customer reliance rather than spread across many customers, which is the major cause for the large drop in revenue.  I read that it was something a long the lines of 29% compared to 9% for PHX.  So, if the company can sell their product/service better to more customers rather than one major csutomer it should definitely improve the company's financials.  Compared to PHX which is price about fair value currently at 1:1 BV this company is severely under BV and if it shows improved results in anyway the share price could appreciate dramatically.  At the current price, there is a lot of room to run up when things start to improve within the company, industry, and the economy.  
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