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Cathedral Energy Services Ltd T.CET

Alternate Symbol(s):  CETEF

Cathedral Energy Services Ltd. is a Canada-based company, which operates in the United States (U.S.) under Discovery Downhole Services, a division of Cathedral Energy Services Inc., Altitude Energy Partners, LLC and Rime Downhole Technologies, LLC. The Company is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in Western Canada and the U.S. Its services include directional drilling, drilling optimization, well planning and automated gamma services (AGS) and remote drilling. Its products include nDURANCE MOTORS, Measurement While Drilling (MWD), FUSION and RapidFire. Its MWD sensors collect data used to determine basic trajectory parameters, such as inclination, direction, and tool-face orientation. Its FUSION family OF MWD tools include FUSION Dual Telemetry (DT), FUSION WPR (Wave Propagation Resistivity), FUSION Gamma Ray (GR) and The Hawk. Its RapidFire family of MWD tools include RapidFire Pulse and RapidFire DT.


TSX:CET - Post by User

Post by EstevanOutsideron Sep 30, 2022 9:10pm
594 Views
Post# 34998878

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

Saw Stiffel report today, they are using $96m ebitdaBelow $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 the up to $30M of synergies to be realized from Altitude acquisition due to not having to rent mud motors.
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