Cathedral Energy Services Ltd. (CET.TO)
- CNW Group
CATHEDRAL ENERGY SERVICES ACQUIRES COMPASS DIRECTIONAL AND FURTHER ADVANCES ITS INDUSTRY CONSOLIDATION STRATEGY
Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company") today announced the acquisition of the operating assets of Compass Directional Services Ltd. ("Compass") for $9.5 million, (the "Transaction"). Compass is a privately-owned, Canadian directional drilling business operating in the Western Canadian Sedimentary Basin, with a focus on the high-activity Montney and Deep Basin plays.
- CNW Group
CATHEDRAL ENERGY SERVICES ACQUIRES LEXA DRILLING TECHNOLOGIES; ADDS TECHNOLOGY LEADERSHIP WITH AXEL SCHMIDT AND ADDS CHAD ROBINSON IN KEY STRATEGY ROLE
Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company") today announced the acquisition of 90.98% of LEXA Drilling Technologies Inc. ("LEXA"), a Calgary-based, downhole technology company for equity consideration in Cathedral, (the "Transaction"). As part of the Transaction, Mr. Axel Schmidt will join Cathedral as Senior Vice President, Engineering and Technology while Mr. Chad Robinson will join as Vice President, Corporate Development. LEXA also brings an experienced engineeri
- Simply Wall St.
Those who invested in Cathedral Energy Services (TSE:CET) a year ago are up 116%
It might be of some concern to shareholders to see the Cathedral Energy Services Ltd. ( TSE:CET ) share price down 11...
