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 > Is it time?

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Comment by C32BTTon Jan 20, 2022 4:19pm

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Post# 34339221

RE:RE:RE:RE:RE:Is it time?

The last time oil prices hit $80/bbl in 2018 CET was trading at $1.85 and then oil prices crashed along with CET Shares. Now, oil seems more stable at $86/bbl and CET is trading at a fraction of what it was trading before at similar oil prices. Looking at PHX as a good comparable its current share price has surpassed it's 2018 share prices, in that regard CET is very cheap still. There aren't a lot of institutional clients looking at this company.

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