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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 to oil and natural gas exploration and development companies in Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning and rotary steerable services. The company also offers 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, that offers continuous monitoring, collaboration, and optimization services; and provision of equipment rental, training, maintenance, and repair services. ACT Energy Technologies Ltd. was formerly known as Cathedral Energy Services Ltd. and changed its name to ACT Energy Technologies Ltd. in July 2024. ACT Energy Technologies Ltd. was founded in 1998 and is based in Calgary, Canada.


TSX:ACX - Post by User

ACT Energy Technologies Ltd
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  • C32BTTX
Post by C32BTTon Nov 19, 2024 3:37pm
248 Views
Post# 36320402

Potential return of capital to shareholders

Potential return of capital to shareholdersThe recent Q3 news released contained a message from the ceo saying:

"...and position the Company with more flexibility to further pay down debt and potentially initiate return of capital strategy in 2025."

I wonder if this means further share buybacks or if they're hinting at reinstating the dividend.  They came a long way trying to turn this around and things look promising so far.



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