Cathedral Energy Services Ltd. (T:CET)
Business Focus: Oil & Gas Drilling (NEC)
Sunny as of September 01, 2023
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Insider Filings
Latest 10 SEDI filings for CET within the last 6 months
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Company News
Aug 10, 2023 19:03 ET
Cathedral Energy Services Ltd. Further Progresses Plan with Record Second Quarter
/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./
Jul 13, 2023 05:30 ET
CATHEDRAL ENERGY SERVICES COMMENCES A NORMAL COURSE ISSUER BID
CALGARY, AB, July 13, 2023 /CNW/ - Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company") is pleased to announce that it has filed a notice with the Toronto Stock Exchange ("TSX") and received approval to purchase through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems, up to 12,160,008, or 5%, of the 243,200,173 issued and outstanding Common Shares of the Company ("Common Shares") as of July 3, 2023. The price the Company will pay for any Common Shares acquired will be the market price at the time of acquisition. Purchases
Valuation Ratios
Industry
Sector
Beta
2.53
--
--
Price to Sales - TTM
0.46
0.52
3.78
Price to Book - most recent quarter
1.32
0.92
1.79
Price to Cash Flow per share - TTM
3.29
2.87
5.03
Price to Free Cash Flow per share - TTM
17.77
7.97
14.93
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 18,266 | -45,771 |
| Aug 31, 2023 | 64,037 | -1,435,972 |
| Aug 15, 2023 | 1,500,009 | 1,464,906 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Drilling |
Cathedral Energy Services Ltd. is a Canada-based company that operates in the United States under Cathedral Energy Services Inc. (INC). The Company and INC are 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. It works in partnership with its customers to tailor its equipment and expertise to meet their specific geographical and technical needs. It offers full package directional drilling services across North America. Its products include nDURANCE Motors, Measurement-While-Drilling (MWD), FUSION MWD system, and RapidFire. Its FUSION family of MWD tools include FUSION EMc, FUSION RP, FUSION WPR, FUSION DT, and others. It also has RapidFire family of MWD tools. Its services include directional drilling, drilling optimization, well planning, and remote operations. It offers remote directional and MWD services as well as automated gamma services for various clients.
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