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CEMATRIX Corp T.CEMX

Alternate Symbol(s):  CTXXF

Industrials Engineering & Construction
CEMATRIX Corporation is a Canada-based company, which manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. It is engaged in the supply and placement of cellular concrete. The Company’s cement-based material with thermal protection, which delivers a range of problems facing the infrastructure, industrial, energy and commercial markets. It supplies and installs lightweight cellular concrete with a cast density as low as 400 kg/m3. Its cellular concrete is commonly used as an insulation material for oil and gas facility slabs, roadways, shallow utilities and contaminated site remediation that requires ground heating. Its applications include retaining wall and bridge approach backfill, roadways and runways, and slope stabilization. Its wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. (CCI), MixOnSite USA Inc. and Pacific International Grout Company.


TSX:CEMX - Post by User

CEMATRIX Corp > Oil and Gas Contracts Coming Back?
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Post by prospector001on Jan 19, 2022 1:46pm
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Post# 34333750

Oil and Gas Contracts Coming Back?

Oil and Gas Contracts Coming Back?With an oil price today hitting $87.15 per barrel, I would think that contracts in the oil and gas industry will be forthcoming. At one time this was the main business for Cematrix if I am not mistaken. 

From the Nov. 10th, 2021  news release Jeff Kendrick states;

“The demand for cellular concrete remains strong, as evidenced by increased bidding activity, particularly in Canada where the number of active bids has grown by over 55% to the end of the quarter." 

Athabasca Oil Corp. hit a low of around $0.11 in November of 2020 I believe before recovering to $1.50 in November of 2021. 

Hopefully a similar recovery path for Cematrix stock?  

GLTA!
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