ACT Energy Technologies Ltd T.ACX

TCW's Stock Is at January Highs

[auburn2]

If Trican wants to get into directional drilling, now is the time to pounce on CET in an all-stock takeover. The equivalent of 60 to 70 cents should do it. At 70 cents that's only $34 million. Current TCW market cap is $316 milllion.

[PinnacleX]

Are you really this dumb?  this company is going out, there is a handful still working .  Why would they do that when they can pick up the left overs for nothing. 

[auburn2]

I take it you've sold your position? I haven't, and I have the patience to wait out a recovery. The balance sheet is better than the vast majority in this sector. I had a talk with the CEO and suggest you do so as well if you're serious. https://www.cathedralenergyservices.com/performance/

[Adonis1411]

lol... Not trying to be a troll, but can you give me one good reason why Trican would want to get into directional drilling? Zero synergy with what they do today and selling to completely different buyer groups within the same customer base (drilling engineers vs. completions guys). If the logic is only "it's cheap", that's not going to cut it in today's market. CET is

[auburn2]

CET's technology is very good as evidenced by the continual records recorded on the performance page and on their LinkedIn page. They're also receiving meaningful aid from both US and Canadian governments to help keep the balance sheet very strong. Previously I noted the stock performance of PHX as a way of gauging US directional drilling. The stock has recovered from 60 cents in April

[Adonis1411]

I suppose my general comment is that your perspectives on CET are focused on what they have done, not what they are doing. In my opinion, CET is losing market share, has shown to be less profitable and less reliable than PHX and (again, IMO) has worse technology, which is contributing to the lower pricing and loss of share.  Yes, they were involved in a record well as you noted, however

[auburn2]

A good reply in some respects, but CET had more leverage than most others during the June run-up where it 28 cents and accumulation at those levels was difficult because the stock is tightly held and can move very quickly. The market cap is tiny, the debt is tiny, current assets are abundant, and they've been delivering very strong performance results particularly in the Permian. Wilks out of