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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

Post by jenkinjton Feb 21, 2022 2:46pm
487 Views
Post# 34448247

Will the Shares keep Rising?

Will the Shares keep Rising?Certainly glad I held on when the stock hit 10c...Plummeting oil/gas prices and the Pandemic hit them hard. I see Mr. Maxwell has purchased nearly 4 million shares in the last 6 months, natural gas price is strong and they have absorbed 3 other companies in the last year. Not sure how the analyst rating is "STRONG BUY" with no analysts reporting! Cathedral has snapped up bargains which complement its' assets and added to the company's value significantly.
The company has always had a very strong balance sheet, which is why Benj Gallander loaded up at $1.95 (and then bailed at .12 !!! Kudos to all who hung in !!! I suspect most bought in at considerably higher prices than even current levels). They seem to be on a rebound with good reason. 100M shares is not all that much and they don't have much debt. If gas prices stay up $2.00 is quite doable.. Best of Luck to All
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