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Bullboard - Stock Discussion Forum ACT Energy Technologies Ltd T.ACX

Alternate Symbol(s):  CETEF

Energy Oil & Gas Drilling
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... see more

TSX:ACX - Post Discussion

ACT Energy Technologies Ltd > Something to keep in mind
View:
Post by Possibleidiot01 on Nov 10, 2023 6:28am

Something to keep in mind

When you're reading what appear at first to be great earnings.
Vastly increased number of shares.
To me , the results when you factor that in were blah.

2023  vs 2022

Basic (000s)

244,574

197,085

 

 

Diluted (000s)

267,449

199,163

 

 

9 months

Basic 235,976 vs 142,726
diluted 245,957 vs 145,158

Comment by C32BTT on Nov 11, 2023 3:19am
Looking at it in isolation without considering why they had to issue shares to begin with won't give you the full perspective of the company.  Looking back when it didn't have its current US operations, the company was pretty much struggling to make a profit.  The old US business was struggling (pretty much dead) and the CAD side wasn't fairing any better.  The company ...more  
ACT Energy Technologies Ltd
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