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Cathedral Energy Services Ltd. (CET.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.4500+0.0100 (+2.27%)
At close: 03:07PM EST
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  • G
    GreenMarty
    Company on track for an excellent recovery, they literally had a 303% revenue increase compared to last year. Should be back to 2019 rev with current high oil prices in a few quarters. Not many people paying attention to Canadian oil mkt anymore.
  • B
    BARTEK
    this is an outstanding report should be at 60 cents
  • N
    Nicholas
    Wow finally some positive news 🚀 CET up from here
  • d
    dir
    Knock knock, anybody here?
  • G
    GreenMarty
    Another acquisition! Once energy sector starts recovering this will firing all cylinders.

    CALGARY, AB, Sept. 8, 2021 /CNW/ - Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company") is pleased to announce the closing of Cathedral's acquisition of the operating assets of Valiant Energy Services ("Valiant"), an Alberta-based directional drilling company, for a purchase price of $1,500,000 (the "Transaction"). The purchase price was satisfied through the issuance of 3,464,204 common shares of Cathedral (the "Consideration Shares") to Valiant. The Consideration Shares will be subject to a 4-month statutory hold period.

    Post-closing, Cathedral's Canadian business is expected to operate over 30 jobs in Q3-2021 in the Western Canadian Sedimentary Basin ("WCSB") which equates to an estimated market share of current active jobs in Canada of more than 20%.
  • G
    GreenMarty
    why is this stock continually declining? Aren't they improving the business?
  • G
    GreenMarty
    The partnership with Precision Drilling is great news! Should bring some upside to this stock.
  • K
    Kenneth
    Company did a pretty good job of paying off debt last year despite the downturn and is now in a good position to Leverage profit from the increase in utilization and day rates.
  • Y
    Yahoo Finance Insights
    CET.TO is up 9.09% to 0.24
  • Y
    Yahoo Finance Insights
    CET.TO is up 22.97% to 0.46
  • J
    Jeff
    Is there any other long term investors other there with positions in this stock??
  • Y
    Yahoo Finance Insights
    CET.TO is up 7.79% to $0.83
  • Y
    Yahoo Finance Insights
    CET.TO is up 7.04% to $0.76
  • Y
    Yahoo Finance Insights
    CET.TO reached a 52 Week high at 0.53
  • Y
    Yahoo Finance Insights
    CET.TO is up 14.47% to 0.44
  • G
    GreenMarty
    Hope oil market recovers someday, I'm not selling my shares and hoping they don't go insolvent.
  • Y
    Yahoo Finance Insights
    CET.TO is up 10.00% to 0.55
  • Y
    Yahoo Finance Insights
    CET.TO is up 10.20% to 0.54
  • J
    Jason
    I know what the bars represent. I mean when the chart is all grey. when it's green it's in positive territory and when red in the neg
  • Y
    Yahoo Finance Insights
    CET.TO is down 17.86% to 0.12