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Last C$1.95 CAD
Change Today 0.00 / 0.00%
Volume 33.1K
CET On Other Exchanges
Symbol
Exchange
Toronto
Berlin
OTC US
As of 4:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

cathedral energy services lt (CET) Snapshot

Open
C$1.95
Previous Close
C$1.95
Day High
C$1.95
Day Low
C$1.95
52 Week High
08/14/14 - C$4.72
52 Week Low
03/18/15 - C$1.80
Market Cap
70.8M
Average Volume 10 Days
24.7K
EPS TTM
C$0.13
Shares Outstanding
36.3M
EX-Date
06/26/15
P/E TM
14.7x
Dividend
C$0.16
Dividend Yield
12.56%
Current Stock Chart for CATHEDRAL ENERGY SERVICES LT (CET)

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cathedral energy services lt (CET) Details

Cathedral Energy Services Ltd. provides various oilfield services to oil and natural gas exploration and development entities in western Canada and the United States. The company operates in two divisions, Directional Drilling and Production Testing. It offers horizontal, directional, and underbalanced drilling services; and services through measurement while drilling systems, which are installed in the drill string to provide real time measurements of basic trajectory parameters such as inclination, direction, tool-face, and temperature. The company also provides downhole tools, including performance drilling mud motors, hydraulic mechanical drilling jars, long and short shock tools, string and near bit stabilizers, mud motor stabilizers and offset pads, crossover subs, single shot kits, and slick and flex non-magnetic drill collars, as well as floats, float subs, and protectors; and engineering and well planning services. In addition, it offers completion services for frac stimulation and recovery, propane frac recovery, inlines, absolute open flows, vapor recovery, swabbing operations, production tests, multi-pad wells, drillouts, well clean-ups and work-overs, abandonment operations, and bleed-offs. Further, the company provides production testing services comprising flowbacks after well stimulations; flow tests to determine the size and potential of reservoirs, as well as deliverability of gas wells; and vapor recovery services. Cathedral Energy Services Ltd. is headquartered in Calgary, Canada.

558 Employees
Last Reported Date: 03/6/15

cathedral energy services lt (CET) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$358.7K
Co-Founder, Chief Operating Officer, Executiv...
Total Annual Compensation: C$318.0K
Chief Financial Officer
Total Annual Compensation: C$109.9K
Vice President of Research and Development
Total Annual Compensation: C$256.7K
Vice President of Sales
Total Annual Compensation: C$256.7K
Compensation as of Fiscal Year 2014.

cathedral energy services lt (CET) Key Developments

Cathedral Energy Services Announces Enhancements to its FUSION™ Measurement-While-Drilling Technology Platform

Cathedral Energy Services Ltd. has officially released three product enhancements to its proprietary FUSION™ Measurement-While-Drilling technology platform. The enhancements include superior electromagnetic transmission capabilities, the ability to collect downhole drilling diagnostics and further ruggedizing the FUSION MWD platform to operate in increasingly demanding drilling environments. With these enhancements Cathedral's ElectroMagnetic technology can be relied on by the customers in more formations and drilling environments than competitive technologies. In addition, the enhanced FUSION technology platform will offer customers superior reliability and performance compared to other systems. The capability of the FUSION EM system has been further improved by incorporating higher power levels and enhanced transmission and detection technologies. In addition, two-way (talk down) communication with FUSION EM-G5.0 allows power level changes to be made while drilling to optimize battery consumption and extend tool run times. As a result of these enhancements, FUSION EM-G5.0 now offers a means for the customers to realize the drilling time benefits of EM-MWD technology in a wider range of formations in key basins across North America where traditional EM systems have not been successful (e.g. EagleFord, Montney, Bakken, Lower Mississippian, Permian, Lower Utica). Cathedral's HAWK downhole monitoring system is a recent addition to the FUSION technology platform which records stick-slip, shock and vibration data and transmits this information in real-time to surface.  This information can then be used to alter drilling parameters to reduce excessive bit wear and mitigate downhole equipment damage.  By using the HAWK system, operators are able to optimize rate of penetration while minimizing unnecessary trips and other non-productive time. Utilizing data logged by the HAWK, Cathedral developed specialized mounting systems for gamma ray and directional sensors that can be tuned to greatly reduce the vibration levels experienced downhole.  The result is ruggedized sensors that reduce downhole sensor vibration and shock levels significantly.  With fewer downhole sensor failures, customers will achieve more productive drilling time and the ability to pursue higher rates of penetration when using aggressive bits and drill string vibration tools.

Cathedral Energy Services Announces Amendments to its Credit Facility with The Bank of Nova Scotia and National Bank of Canada

Cathedral Energy Services Ltd. has successfully negotiated certain amendments to its credit facility with The Bank of Nova Scotia and National Bank of Canada. The amended credit facility has less restrictive financial covenants than the prior facility and provides for credit availability of $60 million, representing a $25 million decrease from the prior credit facility. Cathedral elected to reduce the size of the credit facility based on current and projected liquidity needs and to reduce standby fees. The amended credit facility includes an accordion feature which provides for an increase of the credit facility by $35 million at the option of Cathedral and subject To Approve the syndicate of lenders. The credit facility matures in August, 2017, consistent with the duration of the prior facility.

Cathedral Energy Services Ltd. Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015

Cathedral Energy Services Ltd. announced unaudited consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported revenues of $50,077,000, earnings from operating activities of $1,098,000, loss before income taxes of $795,000 or $0.02 per basic and diluted share, net loss of $724,000 or $0.02 per basic and diluted share, property and equipment additions of $4,303,000, intangible asset additions of $150,000, adjusted EBITDAS of $5,786,000, funds from continuing operations of $3,965,000 or $0.11 per diluted share compared to the revenues of $68,020,000, earnings from operating activities of $3,969,000, earnings before income taxes of $2,876,000 or $0.08 per basic and diluted share, net earnings of $2,449,000 or $0.07 per basic and diluted share, property and equipment additions of $9,917,000, intangible asset additions of $51,000, adjusted EBITDAS of $8,581,000, funds from continuing operations of $8,120,000 or $0.22 per diluted share for the same quarter a year ago. Net debt as of March 31, 2015 was $10,787 compared to the $18,007 as of December 31, 2014.

 

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