ACT Energy Technologies Ltd T.ACX

Alternate Symbol(s): ACXAF

Energy Oil & Gas Drilling

ACT Energy Technologies Ltd., together with its subsidiaries, provides directional drilling services and related downhole technologies to oil and natural gas companies in Canada and the United States. It offers measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning and rotary steerable services. The company also provides mud motors, MWD technology solutions, rotary steerable systems, drilling motors and components, and downhole technology products. It is also involved in the operation of real-time operations centers and remote operations that offers continuous monitoring, collaboration, and optimization services and provision of equipment rental, training, maintenance, and repair services. ACT Energy Technologies Ltd. was founded in 1998 and is based in Calgary, Canada.

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ACT Energy Technologies Ltd

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Post by jenkinjton Jun 27, 2023 6:03pm

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Post# 35517300

Resource Equity Partners Reaffirms Need for Change at T.CET

Resource Equity Partners Reaffirms Need for Change at Cathedral Energy Services Ltd.

Resource Equity Partners

Tue, June 27, 2023 at 8:43 AM GMT-2:30 ·8 min read

Cathedral remains significantly undervalued due to ongoing leadership issues, governance concerns, and flawed strategy.
Cathedral's share price has declined rapidly from its 52-week high of $1.52 in January 2023 to $0.57 / share, well below its April 2022 private placement price of $0.70 / share.
Cathedral misses consensus street EBITDA estimates by $12 million in Q1 2023 despite having 5 certified Chartered Professional Accountants on the Board and Executive; currently being covered by 5 reputable investment banks.
Board and Executive are misaligned with shareholders; shareholder capital is being further eroded to advance Board and Executive entrenchment.
Resource Equity Partners believes a more effective Board and Executive can unlock substantial upside over the current share price and reinforces an actionable path to $2.50+ per share.