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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 Feb 22, 2022 4:37pm
410 Views
Post# 34451680

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

RE:RE:RE:RE:RE:RE:RE:Is it time? True, I don't disagree with you on that. But, you can look at historically what market capitalization the company traded at when the company was much larger and when oil prices were in the range of $80-90+/bbl to see the potential undervalution.  During that time, the company use to be in the range of $150-300 million market capitalization with revenue in the $160-200 million+, so even with the share dilution the share price would still trade much higher than today.  There's only really two ways of building the business, one is spending in marketing/sales to grow organically or through acquisition, which is what they are doing.  Although, dilution is generally viewed as bad for current shareholders, it can turn out good too if the investment is proven to be better than the cost of dilution.  Also, it seems like many producers are remaining discipline and that's good to know because volatility is not good for this industry, so if it remains this way the investment may turn out well considering the lack of supply for drilling equipment.
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