Cathedral Energy Services (CET.TO) Buy, Sell…

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Daily Stock Opinions and Ratings

Cathedral Energy Services (CET.TO)

0.90

+0.01 (1.12%)

as of Jul 4, 2024, 7:58:53 pm Market Open.

42 watching

BUY

(Market Call Minute.) In directional drilling, one of the true growth areas of North American drilling. Long-term buy.

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TOP PICK

Seen bottom in oil service stocks. Have value added services such as direction drilling. Should have more pricing power. Utilization rate did not go as low due to demand in specialization in services so expect a rebound in revenues.

PAST TOP PICK

(A Top Pick Feb 28/08. Down 70%.)

BUY

(Market Call Minute.) Service energy area is generally out of favour but this would probably be the one name he would Buy.

BUY

Getting market share and growing their revenues. Operating in Canada and US. Demand for directional drilling is quite high. 7.8% yield. Good growth opportunities.

BUY

He is currently buying for new accounts. One of the reasons these stocks are being dragged down is the fear that natural gas will go back to $8.50 or $9 so most of the service stocks are getting hit.

TOP PICK

Now is the time to get back into the energy services business. You will be seeing a reactivation starting at the end of this year when the exploreco’s do their budgets. This company is a North American leader in directional/horizontal drilling.

TOP PICK

An indirect play on natural gas. Expected to report in early March with good earnings. They are currently bidding on some new Venezuelan contracts. Thinks all the oil/gas service stocks will do well.

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BUY

Have directional drilling tools. They get to the target quickly and save money. Majority of wells being drilled in Western Canada are horizontal. Have operations in different areas of the US and may be looking at opportunities further south. Conservative payout ratio and balance sheet. Good price.

PAST TOP PICK

(A Top Pick Dec 18/06. Down 17.4%.) Stock went down, but cash flow went up. Probably stronger now than when he recommended it. Into directional drilling and will be called upon more than for shallow wells. Pristine balance sheet. Safe distributions. Trades at 6X cash flow. 9% distributions. Still a buy.

BUY

Involved in directional drilling tools. Low payout ratio and low debt. Cautious on the energy services sector.

SELL

This one suffers from a small cap lack of liquidity. Tends to be in the section that is the least specialized, so you're not getting a premium pricing for your service. Investor interest is waning.

BUY

Offers horizontal and directional drilling to their clients. One of the smaller oil/gas drillers and can see them acquiring others at good prices.

BUY

An oil service company that manufactures drilling tools. A great company. Growing its cash flow. Low debt and low payout ratio. Expects Q4 to be strong.

BUY

A leader in the drilling activity out west and a very good yield and low payout. Distributions might not get cut.

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Cathedral Energy Services (CET.TO)