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Cathedral Energy Services Ltd. (CET.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.7100+0.0400 (+5.97%)
At close: 03:05PM EDT
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  • G
    GreenMarty
    Up 22% today?
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    Another acquisition brewing?
  • Y
    Yahoo Finance Insights
    CET.TO is down 9.59% to 0.66
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    Yahoo Finance Insights
    CET.TO is up 15.38% to 0.90
  • Y
    Yahoo Finance Insights
    CET.TO reached a 52 Week high at 0.85
  • G
    GreenMarty
    Best quarter in 3 years, last quarter was similar as well, let's hope the trend of quadrupling revenue continues. Seeing where oil prices are right now, I think next quarter will put them in the green again. They own 18% of the mkt in Canada now as they were buying out smaller players during covid.
  • r
    richard
    Now that quarterly results are out, what are waiting for ? Next quarter ? 🙂
  • N
    Nicholas
    We are in a make it or break it for this stock right now based on results and oil
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    450% revenue increase and great financial planning. I think this is a great earnings report and 2022 ERs should keep this momentum
  • r
    richard
    has it been confirmed that March 9 is the date for earnings ?
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    Wow. Look at my last couple posts! Couldn’t be happier with this stock. Irregardless of the current events in Ukraine, this companies fundamentals are solid. Looking at their history (2007-2009) when oil was this high they were literally printing money with well drilling orders. Planning to add another 10,000 shares (total 28k) today using funds i liquidated from Air Canada last Friday.
  • Y
    Yahoo Finance Insights
    CET.TO is up 11.27% to 0.79
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    Yahoo Finance Insights
    CET.TO reached a 52 Week high at 0.74
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    Yahoo Finance Insights
    CET.TO is down 10.00% to 0.72
  • P
    Paul
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    My analysis:
    - Oil companies are making tons of money.
    - They will spend this money on new wells to grow.
    - Cathedral will get tons of contracts and make money.
    - This is a late-cycle boomer. Not seeing as much growth as the oil companies yet because the oil companies are just starting to have enough money to drill more wells.

    Hold on, we are mooning soon!!
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    Just bough 14,500 shares. Long and strong on this bad boy. Oil companies are making money with these high prices, and will start spending that money on drilling new wells!
  • 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%.
  • Y
    Yahoo Finance Insights
    CET.TO reached a 52 Week high at 0.84
  • Y
    Yahoo Finance Insights
    CET.TO reached a 52 Week high at 0.73