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Bullboard - Stock Discussion Forum Cathedral Energy Services Ltd. T.CET

Alternate Symbol(s):  T.CET.W | CETEF

Cathedral Energy Services Ltd is a Canadian based company. It is primarily involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States. The Directional Drilling division provides horizontal, directional and underbalanced drilling services. Geographically the company caters its services to Canada and the United States, of which a majority of the revenue is derived from the United States.

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@ the Bell: TSX closes more than 2 per cent lower
Once again, energy was the only sector to come out in the green for Canada’s main stock index on Friday. The TSX was dragged down in an otherwise broad decline led by industrials and financials.Wa... read article.
The Market Herald’s Weekly Cannabis Report – Oct 7, 2022
New Leaf Ventures (CSE:NLV) has signed a letter of intent to acquire High Profile Holdings Corp. High Profile is a retail-focused private British Columbia cannabis company that offers premium... read article.

Westhaven Completes Sale of Royalties & PP With Franco-Nevada

Gareth Thomas, President and CEO of Westhaven states: “The proceeds from this transaction will allow Westhaven to accomplish a substantial amount of drilling and exploration work across our Spences Bridge Gold Belt properties.” ...read more
Buzz on the Bullboards: Stocks to be thankful for
Stock reports have resembled an out-of-control traffic light on a race track this week; one day it’s all green, the next, a line of red.It can be hard to know when to make a move when every day... read article.

Saw Stiffel report today, they are using $96m ebitda

Below $102 M which Cathedral projects and well below $120M that Peters and Co thinks is doable with entry into the RSS market. Still gauging 33% FCF yield at $96M ebitda. That doesn't factor in...read more

Acumen Capital

Cathedral Energy Services (TSE:CET) had its "buy" rating reaffirmed by analysts at Acumen Capital. They now have a C$1.80 price target on the stock. This represents a 172.7% upside from the...read more

RE:Bought another 42500 more today

Bought more again and again. Now half a million shares. A big position for a poor guy like me. In at 65 cent average. Smart money all in at 70 cents and up. $80 million of fcf thru to 2023.  rate and reply

Bought another 42500 more today

Thanks to the clown who sold for 62-63 cents early AM.  rate and reply

789,000 shares sold today at 80c USD

On CET OTC ticker. Likely started the frenzy. That is a 36 cent premium bid.  rate and reply

Stifel Nicoulas

Cathedral Energy Services (TSE:CET) was given a new C$1.65 price target on by analysts at Stifel Nicolaus. They now have a "buy" rating on the stock. This represents a 146.3% upside from the...read more

Presentation out tonight! $102M ebitda base

Peters and Co projecting $120M in 2023 potentially with $60M of FCF. Incredible Highly recommended prrsentation uploaded to Cathedral's website.  rate and reply

Peters & Co: $1.75 price target & top pick

now if theey can update their presentation that would be great. glad to see they removed their two year old presentation in the past couple days frmo their website - the progress is being made. this...read more

$60M of FCF projected to 2023 y/e before Altitude M&A

that seems like a lot. I have built up a large position (by my standard) in Cathedral all last week. Watched a great video (1 hour) on Youtube with CEO Tom Connors & Smallcap Discoveries. Great...read more

New Press Release - CATHEDRAL ENERGY SERVICES ANNOUNCES ORGANIZATION UPDATES AND APPOINTMENT OF CF

CALGARY, AB, July 18, 2022 /CNW/ - Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company" or "CET") announced today a number of changes in its management team going forward. Chad Robinson will be appointed the Chief Financial Officer of the company, replacing Mr. Ian Graham who...read article.

New Press Release - CATHEDRAL ENERGY SERVICES ANNOUNCES CLOSING OF ACQUISITION OF ALTITUDE ENERGY PARTNERS FOR $100MM USD

CALGARY, AB, July 14, 2022 /CNW/ - Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company") is pleased to announce that the Company has closed its previously announced acquisition (the "Acquisition") of Altitude Energy Partners, LLC ("Altitude") for a total purchase price of...read article.

RE:Very risky, investment

Except Wilkes is a major investor in Cathedral and they are American with major Permian experience and business.  rate and reply

Very risky, investment

USA company selling itself to Canadian company. failed business otherwise USA has plenty of investors for good profitable business.  risky, not all facts disclosed, moving away 100 million...read more

Altitude Energy Partners- BNN

48m ago   Cathedral Energy Services buying U.S. company Altitude Energy Partners The Canadian Press ...read more

New Press Release - CATHEDRAL ENERGY SERVICES ANNOUNCES SIGNIFICANT EXPANSION OF US OPERATIONS WITH AGREEMENT TO ACQUIRE ALTITUDE ENERGY PARTNERS FOR $100MM USD

CALGARY, AB, July 4, 2022 /CNW/ - Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company" or "CET") today announced that it has entered into an agreement (the "Agreement") to acquire the directional drilling services business (the "Acquired Business") of Altitude Energy Partners...read article.

RE:Compass Directional

The energy market is hot, but I think the smaller companies in the industry still aren't fetching the values many of the larger companies get.  It's good for CET that they aren't...read more

Compass Directional

You would think with the sector being so hot that they would be paying more ofr the companies they purchase. "Cathedral expects the cash flow generated from the Transaction to pay back the...read more

RE:Asked the company for a presentation

I don't think its company specific, but look at oil it's at $120/bbl right now that could be the reason.  Also, Canadian rig count jumped 21 to 134, so things are picking back up quite...read more

Asked the company for a presentation

still haven't heard back. Might try to give them a call and see if anything is planned. Anybody hear anything? I upped my position. Big buy today (400,000 shares) from GMP Capital. Great to see...read more

RE:RE:2022 Q1 Results

I didn't know the Wilkes borhters were buying . Thanks.  rate and reply